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Miden spun off from Polygon to gain the independence necessary for launching its own token and building a dedicated ecosystem around the Edge technology, while Polygon shifts its focus to the AggLayer Breakout Program

Miden, originally a privacy-focused zero-knowledge blockchain project started in Polygon Labs, has spun off into an independent entity and secured $25 million in seed funding

Miden, a zero-knowledge blockchain, is being designed to address institutional privacy and compliance needs, initially focusing on asset and treasury management and OTC trading, with a long-term goal of serving large financial institutions, governments, and nation-states

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