Two New Layer-1s Receive $55M Funding Support
The post Two New Layer-1s Receive $55M Funding Support appeared on BitcoinEthereumNews.com. Blockchain Funding News:- VC fundings for crypto startups are trying hard to make rebound this year. Till now, the crypto startups in US have raised approximately $861 million Q1 of 2025. The majority of these fundings are directed towards stablecoin and crypto*AI lead projects. However, in the latest instance on Tuesday, two new blockchain projects became the centre of million dollar VC fundings in web3. This includes two new blockchains, Miden – Polygon’s offshoot and IP-focused Camp Network. Miden, the Edge Blockchain, received $25 million seed funding round on Tuesday. On the same day, Camp Network also raised $30M to build the autonomous IP Layer-1 blockchain. These fundings are being seen as a bet by leading crypto ventures on Layer-1s showing technical differentiation beyond just standard EVM-compatible chains. Polygon’s Layer-1 Blockchain Miden Receives $25 M Funding Blockchain privacy continues to be hotly debated. Ethereum co-founder Vitalik Buterin has also highlighted zero-knowledge proof techniques – especially ZK roll-ups – as key tools for both scaling and confidential transactions. In line with this trend, Miden has emerged from Polygon Labs as an independent ZK-STARK–powered Layer-1 chain. It is led by Dr. Tomasz Stańczak and co-founded by Ameez Khan. With $25 million in seed backing on Tuesday, it aims to build a privacy-first, high-throughput blockchain platform. Privacy Using ZkVMs: What is it To ensure privacy, it uses ZK-STARK-based virtual machine (VM) or Zero-Knowledge Scalable Transparent Arguments of Knowledge. ZK-Vms are a type of cryptographic proof system that allows a blockchain to verify the correctness of a transaction or computation without revealing the underlying data. They are post-quantum and execute transactions on smart contracts. It is this vision of Miden that saw its funding round receiving $25M in its seed funding round co-led by a16z, Hack VC and 1kx. Other investors included Finality Capital…
The post Two New Layer-1s Receive $55M Funding Support appeared on BitcoinEthereumNews.com.
Blockchain Funding News:- VC fundings for crypto startups are trying hard to make rebound this year. Till now, the crypto startups in US have raised approximately $861 million Q1 of 2025. The majority of these fundings are directed towards stablecoin and crypto*AI lead projects. However, in the latest instance on Tuesday, two new blockchain projects became the centre of million dollar VC fundings in web3. This includes two new blockchains, Miden – Polygon’s offshoot and IP-focused Camp Network. Miden, the Edge Blockchain, received $25 million seed funding round on Tuesday. On the same day, Camp Network also raised $30M to build the autonomous IP Layer-1 blockchain. These fundings are being seen as a bet by leading crypto ventures on Layer-1s showing technical differentiation beyond just standard EVM-compatible chains. Polygon’s Layer-1 Blockchain Miden Receives $25 M Funding Blockchain privacy continues to be hotly debated. Ethereum co-founder Vitalik Buterin has also highlighted zero-knowledge proof techniques – especially ZK roll-ups – as key tools for both scaling and confidential transactions. In line with this trend, Miden has emerged from Polygon Labs as an independent ZK-STARK–powered Layer-1 chain. It is led by Dr. Tomasz Stańczak and co-founded by Ameez Khan. With $25 million in seed backing on Tuesday, it aims to build a privacy-first, high-throughput blockchain platform. Privacy Using ZkVMs: What is it To ensure privacy, it uses ZK-STARK-based virtual machine (VM) or Zero-Knowledge Scalable Transparent Arguments of Knowledge. ZK-Vms are a type of cryptographic proof system that allows a blockchain to verify the correctness of a transaction or computation without revealing the underlying data. They are post-quantum and execute transactions on smart contracts. It is this vision of Miden that saw its funding round receiving $25M in its seed funding round co-led by a16z, Hack VC and 1kx. Other investors included Finality Capital…
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