Pantera Capital leads a financing cycle of $ 20 million in subzero laboratories, a startup emerging from stealth that builds a blockchain designed for “decentralized internet applications”. Other heavy goods vehicles, including Coinbase Ventures, Manufacture Ventures, Mysten Labs, Susquehanna Crypto and vary, have contributed to the round.
His blockchain, nicknamed Rialo, is “a radical rethinking decentralized programmable networks” which offers “the responsiveness and responsiveness of web2”.
“From token assets to the prediction markets to global trading platforms, including AI agent orchestration, developers can build with familiar tools while providing applications that surpass their centralized counterparts both in cost and user experience,” Subzero wrote in a press release on Friday.
According to the announcement, the system will take advantage of RISC-V, the architecture of instructions for intelligent contracts that Vitalik Buterin wishes to transform Ethereum and the very scalable compatibility of Solana VM.
The co-founders of Subzero have experience in the construction of new generation and scalable blockchains, having started in crypto as an engineers of Mysten Labs, building the SUP network. The two also have training in web2: Zhang worked on the diem of the Meta blockchain initiative as well as the infrastructure of IA at Meta and Google, while Depoju has developed distributed systems at Netflix and advanced micropuits at AMD.
Their startup has apparently already attracted the talents of large technological companies like Apple, Amazon and Tiktok, as well as cryptography ecosystems, especially Polkadot and near.
“Rialo is the only full battery network for real world applications – built by the main industry developers for developers,” said Paul Veradittakit, Pantera Capital director. “It is rare to see such a high concentration of talents to stimulate this vision. We believe that, under the management of Ade and Lu, the Subzero laboratories will provide the infrastructure which finally allows developers to create decentralized products which are intuitive, useful and relevant to daily users.”
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