Midnight Foundation Support

Midnight Foundation Support is sponsored by Midnight Foundation. Supports the growth of the Midnight blockchain ecosystem, focusing on privacy-enhancing decentralized applications.

Midnight Foundation Launches to Guide the Midnight Ecosystem to Full Decentralisation | The Fintech Times Facebook Twitter Instagram Linkedin Youtube Midnight Foundation Launches to Guide the Midnight Ecosystem to Full Decentralisation To foster a thriving developer community and expand access to the Midnight blockchain ecosystem, a new organisation, the Midnight Foundation , has launched.

Midnight is a platform enabling decentralised applications that deliver rational privacy – programmable data protection with selective disclosure. The launch of the new Midnight Foundation will guide the network’s evolution towards full decentralisation. Through a wide range of initiatives — including open-source tooling, education, and targeted funding—the Foundation will support builders developing real-world use cases using Midnight.

Crucially, the Foundation will also play a role in Midnight’s path to autonomous governance. As the network matures, control over protocol upgrades, treasury allocation, and ecosystem development will transition to NIGHT token holders through on-chain voting. The Foundation will ensure this transition is secure, transparent, and community-driven.

These efforts will be key to empowering it to showcase how Web3 infrastructure can be private, compliant, decentralised – and ready for real-world adoption. Understanding the Midnight blockchain ecosystem Midnight is designed to overcome the limitations of traditional blockchains that expose all transaction data by default.

It uses zero-knowledge cryptography and a cooperative tokenomics design to enable truly private, censorship-resistant, and regulation-ready applications. Its public utility token, NIGHT, enables governance and rewards, while its shielded resource, DUST, powers transactions without exposing metadata or wallet details.

Unlike typical blockchain fee models, DUST is renewable, non-transferable, and decays over time – a radical new model that makes the network sustainable, privacy-protecting, and secure from economic exploitation. Fahmi Syed, president, Midnight Foundation The Midnight Foundation will be led by Fahmi Syed , who has been appointed as president.

Syed brings over two decades of experience in financial strategy, operational leadership, and decentralised technology to the role. Most recently, he supported the development of the Midnight project at IO. Before that, he was CFO at Parity Technologies , the team behind Polkadot and Kusama, where he led financial operations during a period of rapid ecosystem expansion.

The core development of the Midnight network itself was led by Shielded Technologies , an engineering spinout from IO , the creators of innovations such as Cardano . Shielded Technologies was founded to pioneer privacy-first, regulation-ready decentralised technologies, and continues to play an integral role in supporting Midnight’s technical innovation and ecosystem growth.

Commenting on his appointment, Syed said: “The Midnight Foundation has an extraordinary opportunity to shape the future of decentralised technology in a way that truly protects users’ rights and privacy. I’m honoured to lead this mission at such a critical time.

Working alongside Shielded Technologies and its visionary CEO, Eran Barak , we are committed to building a thriving, global ecosystem that brings Midnight’s transformative technology to life for developers, businesses, and communities everywhere.

” Fighting Fraud in Malaysia: CBP Selects BPC to Stay Compliant With BNM Security Regulations TransferMate Expands Local Collection Capabilities With Deutsche Bank Partnership The Fintech Times June 2, 2025 June 2, 2025 Spotcap Announces The UK’s First Fintech Fellowship Winner!

Manisha Patel September 27, 2017 September 27, 2017 First Cohort of 24 UK SMEs selected to join the Access India Programme Manisha Patel May 29, 2018 May 24, 2018 Receive priority access to our latest news.