Cardano founder invests $200M of personal funds in Midnight

Cardano (ADA) founder Charles Hoskinson has invested $200 million of his personal funds into the development of Midnight, a privacy-focused blockchain, The Crypto Basic reported. He explained that venture capital funding was intentionally excluded from Midnight's early development to ensure an independent environment and uphold the value of being "user first." Hoskinson previously stated that he has no plans to attract privacy maximalists from projects like Zcash (ZEC) or Monero (XMR) to Midnight.