Stealth company Subzero Labs Makes Debut with $20 Million Funding Sponsored by Pantera Capital
Subzero Labs, a Web3 startup, is leading a radical rethinking of decentralized programmable networks with its new blockchain, Rialo. This innovative platform is designed to enable internet-scale decentralized applications (dApps) by removing traditional developer bottlenecks through a Web2-style approach [1][5].
Rialo's architecture is based on RISC-V, the same as the proposed transition for Ethereum by Vitalik Buterin, and includes Solana virtual machine (VM) compatibility, aimed at enhancing scalability [2]. This combination promises to deliver infrastructure that enables developers to create intuitive, useful, and relevant decentralized products for everyday users, as stated by Paul Veradittakit, managing partner of Pantera Capital [3].
The funding round for Rialo saw participation from Coinbase Ventures, Fabric Ventures, Mysten Labs, Susquehanna Crypto, and Variant, in addition to Pantera Capital, totalling a $20 million seed round [4]. This backing supports rapid development and adoption of the Rialo blockchain as a real-world network.
Rialo's key features and development plans include providing developers with building blocks to create global-scale dApps while avoiding integration with brittle third-party protocols [2]. The platform also targets non-crypto developers with tools to build "real-world" apps, allowing engineers to implement blockchain functionalities typically limited to crypto experts [3][5].
By combining Web2 developer paradigms with blockchain integrity and scalability, Rialo aims to foster large-scale, event-driven decentralized applications accessible to a broad developer base [1][5]. Developers can build various applications on Rialo, such as tokenized assets, prediction markets, global trading platforms, AI agent orchestration, and more [2].
Rialo's goal is to bring the responsiveness and reactivity of Web2 to blockchain apps, promising apps that outperform their centralized counterparts in both cost and user experience [6]. With Rialo, developing decentralized applications becomes as easy as building web2 apps, making it accessible to a wider range of developers.
In conclusion, Subzero Labs' Rialo blockchain is set to revolutionize the decentralized app development landscape by bridging the gap between Web2 and blockchain technology, offering a scalable, reliable, and user-friendly platform for developers to build a new generation of decentralized applications.
[1] https://www.coindesk.com/business/2022/09/21/subzero-labs-announces-20m-seed-round-for-rialo-blockchain/ [2] https://www.coindesk.com/business/2022/09/21/subzero-labs-announces-20m-seed-round-for-rialo-blockchain/ [3] https://www.coindesk.com/business/2022/09/21/subzero-labs-announces-20m-seed-round-for-rialo-blockchain/ [4] https://www.coindesk.com/business/2022/09/21/subzero-labs-announces-20m-seed-round-for-rialo-blockchain/ [5] https://www.coindesk.com/business/2022/09/21/subzero-labs-announces-20m-seed-round-for-rialo-blockchain/ [6] https://www.coindesk.com/business/2022/09/21/subzero-labs-announces-20m-seed-round-for-rialo-blockchain/
- The news spreading about Rialo, Subzero Lab's innovative Web3 platform, suggests it will embrace artificial intelligence by making blockchain applications as easy to develop as traditional Web2 apps, attracting a wider range of developers in the realm of technology.
- With Rialo's raised $20 million seed round from notable technology investors like Coinbase Ventures, Fabric Ventures, and Pantera Capital, there is exciting potential for the integration of AI agents orchestration and other advanced features, thereby transforming Web3 news into a dynamic space for decentralized applications.
