Cardano (ADA) founder Charles Hoskinson, who has attracted attention with his statements and posts, emphasized his commitment to the Midnight project.
In an interview with Hong Kong Consensus, Charles Hoskinson stated that beyond publicly supporting Midnight, he had invested in the project with his own personal funds.
Accordingly, he stated that he invested $200 million of his personal funds in Midnight (NIGHT), a privacy-focused cryptocurrency project.
Hoskinson’s investment aims to ensure the project’s independence and prioritize user-centric development by avoiding venture capital support.
Hoskinson notes that venture capital funds were deliberately excluded from Midnight’s early development phase to ensure an independent environment and preserve its user-centric value.
According to Hoskinson, Midnight is designed to serve both traditional financial institutions and decentralized finance ecosystems, promoting privacy and collaboration.
Despite this significant investment, the Midnight Foundation widely distributed its NIGHT token through a large-scale airdrop across eight blockchains, including Bitcoin, Ethereum, and Solana.
Midnight is scheduled to launch on the Cardano mainnet by March 2026 and plans to develop more features to support decentralized application development.
Hoskinson also added that he does not plan to attract people who are overly sensitive about privacy from projects like Zcash (ZEC) or Monero (XMR) to Midnight.
*This is not investment advice.