Hoskinson Invests $200 Million in Midnight Project for Open Access

Charles Hoskinson has made a significant investment in the Midnight project, committing $200 million of his personal wealth to bring the initiative to life.

The Midnight project aims to provide open access to the NIGHT token, allowing users across various regions and industries to participate without restrictions. This approach differs from many other crypto projects, which often allocate large portions of tokens to early investors.

Hoskinson's decision to self-fund the project removes outside pressure and short-term profit demands, giving Midnight space to grow with patience. The project will not be influenced by venture capital firms, which means that there will be no investor board dictating strategy or pushing for fast exits or restrictive control.

Midnight targets both legacy institutions and decentralized finance (DeFi) businesses, aiming to support diverse use cases. Traditional companies can integrate without discarding compliance frameworks, while DeFi innovators can expand without surrendering flexibility.