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- 🎉 The #CandyDrop Futures Challenge is live — join now to share a 6 BTC prize pool!
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Subzero Labs raises $20 million to develop the Rialo Blockchain for real-world scenarios.
[Chain News] On August 2, it was reported that the blockchain startup Subzero Labs has completed a $20 million seed round of financing, led by a certain investment institution, with several other investment institutions participating. The company is developing the Rialo blockchain for real-world applications, aiming to break through the current limitations of encryption technology primarily serving financial speculation.
Co-founder Ade Adepoju previously worked as an engineer on a certain Blockchain project. Rialo aims to provide a native solution for on-chain integration of external data (such as FICO credit scores) for non-encryption developers, without the need to rely on oracles. The team currently has 20 members, and the funding includes equity and token subscription rights, with specific valuation undisclosed.