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Subzero Labs raises $20 million in seed funding to develop the real-world blockchain Rialo
[Coin World] According to reports, the blockchain startup Subzero Labs has raised $20 million in seed funding, led by a certain investment institution, with participation from multiple organizations. The company is developing the Rialo blockchain, which aims to break through the limitations of current encryption technology (mainly used for financial speculation) in the real world. Co-founder Ade Adepoju was an engineer at a certain company (involved in the development of a certain blockchain) and aims to provide a native solution for non-encryption developers to integrate external data (such as FICO credit scores) on-chain without relying on Oracle Machines. The team currently has 20 members, and the funding includes equity and token subscription rights. Specific valuation has not been disclosed.