Miden, a protocol specializing in privacy and fast transaction speeds for large institutions, is spinning out of Polygon and has raised $25 million in a seed round. The funding will be used to develop the Miden’s roadmap, including ecosystem …
Polygon’s CEO hailed the partnership as a significant step forward for Web3 adoption in India.
Newton will allow for wallet solutions to plug into the AggLayer, which is a Polygon-backed effort to connect affiliated chains and allow tokens to freely move between them. Magic Labs claims its the first dedicated network for wallet solutions and chain unification.