A16Z Crypto led an investment round of 25 million US dollars in blends, an independent blockchain project that was turned out of the polygon laboratories.
Mids Castle of his 25 million dollar rounds from A16Z Crypto, 1KX and Hack VC with the participation of Finality Capital Partners, Symbolic Capital, P2 Ventures, Delta Fund, MH Ventures and Angel -Investor, including Makerdao's Rune Christensen and Igenlayers Sreeram Kanannan.
Mids is a Proof-Blockchain (ZK) Proof-Blockchain (ZK), which focuses on the high scalability through the hybrid consensus mode, which moves the transaction execution from the Minnet to “EDGE devices” and refers to user devices.
Mids were developed for institutions that appreciate confidentiality and enables applications to perform each private and non-private transactions with full privacy. This is predicated on an announcement divided with cointelegraph from April 29.
The execution of EDGE devices could be helpful within the “bottlenecks that restrict traditional chains”, said Bobbin Taunt, the co-founder for mids and former engineer at Meta and added:
“It enables blockchains to scale without counting on super nodes or sacrificing decentralization, and makes privacy an integrated feature as a substitute of a subsequent thought.”
The 25 million US dollars are used to finance the event of blends, and the beginning of the major network is planned for the fourth quarter of 2025.
Mids is “the long run of blockchains,” says Polygon Labs' Nailwal
“Mids is what the long run of the blockchains looks like. With the EDGE version, it just isn’t just an upgrade -it is the draft for the ultimate type of blockchain architecture,” said Sandeep Nailwal, the founding father of Polygon Labs.
“With the ambitions to compete with the ambitions, Solana, Sui and Aptos -and the epicenter of the Crisschain liquidity for agglayers to be a neighborhood chain and expand the Agglayer -ecosystem -Nailewal, nature positions, added to the capital and concentrating.
Mids plans to lure around 10% of its local tokens to polygon (pol) token and stakers with the intention to reward their local ecosystem.
No existing blockchain is for the introduction of mass readiness: Mids co-founder
“The reality is that no existing blockchain is prepared for the introduction of masses”, either without privacy, scalability or web3 native principles equivalent to censor resistance.
However, the infrastructure of blends could be a “catalyst for an important institutional adoption”, he claimed and added:
“The reality is that up so far blockchains were unable to supply privacy without affecting performance or programming what’s a major problem.”
Large technology corporations that join the room require data protection solutions with regulatory compliance and leave a big gap for solutions equivalent to mixing, added the co -founder.
Inco: The fourth layer of the blockchain stack
Other industry observers have also criticized the dearth of confidentiality within the industry to limit the institutional introduction.
Confidential computer technologies equivalent to a totally homomorphic encryption could unlock the subsequent capital price 1 billion US dollar for the crypto room with continued technological development, Remi Gai, the founding father of Inco, told Cointelegraph.
