Cardano founder-backed privacy blockchain Midnight launches

Midnight, a privacy-focused blockchain backed by a $200 million investment from Cardano (ADA) founder Charles Hoskinson, has launched, CoinDesk reported. The project aims to overcome the limitations of mass cryptocurrency adoption by handling sensitive data privately and simplifying the user experience. Initial applications will focus on areas like confidential finance, identity verification, and corporate data management, before expanding in stages to infrastructure, applications, and governance.