Subzero Labs raises $20 million to build a blockchain for the ‘real world’

Subzero Labs raises $20 million to build a blockchain for the ‘real world’

Pantera Capital led the fundraise, with participation from Variant, Coinbase Ventures, and Susquehanna Crypto.

Subzero Labs, which is building Rialo, a blockchain designed for non-crypto developers to build “real-world” apps, raised a $20M seed led by Pantera Capital

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Subzero Labs Emerges from Stealth with $20M Funding Led by Pantera Capital

Quick take:  The company plans to use the capital to advance the development of a new blockchain designed for “internet-scale dApps”. The company wants to make developing decentralised applications as easy as building web2 apps. Dubbed Rialo, the layer-1 blockchain will leverage RISC-V and the Solana virtual machine compatibility. Subzero Labs, the Web3 startup building a “friendly blockchain,” has emerged from stealth with $20 million in fundi…

Subzero Labs’ Rialo rethinks app development with a Web2 approach to Web3

Subzero Labs is betting that its newly-funded network Rialo, with its native event triggers and Web2-like reactivity, can reverse developer exodus from crypto. If it works, the Pantera-backed network could rewrite the rules of blockchain usability. According to a press…

Subzero Labs Emerges with $20M Raise to Build the First Real World Network

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