Subzero Labs raises $20M to launch Rialo, a Web2-style blockchain platform focused on real-world use, speed, and developer ease.
Subzero Labs has raised 20 million dollars in a successful seed funding round to develop its new blockchain platform, Rialo. The funding round was led by Pantera Capital, a major name in crypto investment. Other prominent investors (who participated in the round) are Coinbase Ventures, Hashed, and Susquehanna Crypto.
Subzero Labs Unveils Rialo to Revolutionize Blockchain Development
The mission of the company is to streamline blockchain development by making it easier, quicker, and more closely tied to the real world. Subzero Labs will use this funding to roll out Rialo, which is a platform combining the usability of Web2 with the capabilities of Web3.
Rialo is not another Layer 1 network, as it is in the case of traditional blockchains. Rather, Subzero Labs refers to it as a radical reconsideration of decentralized programmable networks. The firm desires that developers can have the capacity to develop internet-scale decentralized applications, or dApps, without the typical difficulties that exist through existing blockchain systems.
In order to make this possible, Rialo incorporates some major innovations. It is first that it has native web connectivity enabling dApps to communicate with websites and online services directly. This eliminates the use of complex user-developed code.
Second, Rialo proposes event-driven transactions. This feature lets developers create transactions that start automatically when an external event occurs. For example, a payment can go through right after a package is delivered—without any human or third-party involvement.
Third, there are privacy features on Rialo. One of the biggest concerns of the blockchain users is privacy in cases of sensitive information being dealt by dApps. Rialo is trying to address this by implementing systems that secure the information of the users.
Fourth, real-world data can be accessed through the platform with ease. As opposed to most other blockchains which require the use of oracles to introduce off-chain data, Rialo allows the direct access to information like credit scores or weather reports. This renders dApps more applicable and practical in real-life situations.
Subzero Labs Targets Real-World Use with Scalable Blockchain Platform
Rialo also supports RISC-V architecture and Solana VM compatibility. This allows developers to not have to learn new code, tools are reusable as well, and the development is faster. These aspects will appeal to more developers, particularly developers who have worked with Web2 platforms.
Subzero Labs feels that these tools solve significant issues within the existing Web3 development. The blockchain platforms are too complicated or have a narrower range of functions to be used by many developers. The easier and more powerful environment that Rialo provides might help increase the number of builders seeking the Web3 space.
Moreover, the real-world orientation of the platform is appealing to the companies willing to introduce an application into operation. Rialo actively supports real-world use cases. Therefore, it is designed to serve industries like finance, healthcare, and logistics.
On the other hand, Subzero Labs is going to move fast with the funding in place. It will then involve further development, testing and preparations of a wider launch.
In short, Subzero Labs is trying to fill the gap between Web2 and Web3. The company is preparing the way for a more scalable and user-friendly future of blockchain with the support of 20 million dollars of the new investment and the assistance of the best investors.
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