Hoskinson Says He Poured $200 Million, Declares All-In on Midnight

▲ Charles Hoskinson, Cardano (ADA), Midnight (NIGHT) / ChatGPT-generated image

Charles Hoskinson, the founder of Cardano (ADA), has demonstrated strong confidence in the success of the privacy-focused sidechain Midnight by making a bold personal investment of $200 million into the project.

According to crypto media outlet The Crypto Basic on February 17, Hoskinson recently revealed through his X (formerly Twitter) account that he invested $200 million of his own funds into Midnight, a new sidechain within the Cardano ecosystem. The investment was made to advance the technology and expand the ecosystem of the Midnight project, which is being led by Input Output Global (IOG), the blockchain development company headed by Hoskinson.

Midnight aims to achieve a balance between user data protection and regulatory compliance. Hoskinson emphasized that for blockchain technology to become a core infrastructure in everyday life, it must fully guarantee individual privacy while also satisfying governmental legal requirements. Built on zero-knowledge proof technology, Midnight is designed as a next-generation financial solution that can verify the validity of transactions without exposing sensitive information.

Hoskinson’s investment sends a strong signal to the market that Midnight is not merely in the research phase but is a key platform that will shape Cardano’s future. By committing $200 million of his personal wealth, Hoskinson is demonstrating deep trust in Midnight’s vision and ambition to provide developers with the safest decentralized environment through technical excellence. The funds will primarily be allocated to accelerating research and development for the project’s mainnet launch and to global marketing efforts.

Industry experts note that a founder’s personal financial commitment strengthens community cohesion and serves as a positive trust indicator for external investors. There is growing anticipation that the Cardano ecosystem will significantly expand its influence in the enterprise blockchain market through Midnight. Hoskinson is confident that Midnight will become a standard model for resolving the longstanding conflict between security and transparency in the blockchain industry and continues to offer full support to the project.

Ultimately, Midnight’s success will be determined by the scale of real-world business adoption and the level of ecosystem activation. Hoskinson plans to fully support developers worldwide in building innovative, privacy-preserving applications on the Midnight platform. Global investors are closely watching to see how Hoskinson’s $200 million high-stakes bet on privacy protection and regulatory compliance will impact Cardano’s market value.

Disclaimer: This article is for investment reference only, and we are not responsible for any investment losses incurred based on it. The content should be interpreted for informational purposes only.