PANews reported on April 29 that according to Fortune, Miden, a privacy blockchain project co-founded by a former Meta engineer, announced the completion of a $25 million seed round of financing, led by Andreessen Horowitz's crypto department, Hack VC, and 1kx, with participation from Finality Capital Partners, Symbolic Capital, and several crypto angel investors. Polygon Labs did not invest directly, but incubated Miden and reached an agreement to distribute approximately 10% of Miden's future tokens to Polygon token holders. Miden focuses on achieving transaction privacy through zero-knowledge proofs, while taking into account the performance and decentralization of blockchain.