Deep Tide TechFlow News, on August 13th, the high-performance parallel Ethereum Layer2 network Reddio announced the completion of its seed round financing, led by Paradigm and Arena Holdings. Reddio, founded by Neil, who graduated from Stanford Graduate School of Business and the National University of Singapore, has held important positions at Twilio and PingCAP, providing zk scaling solutions for projects like Starknet. The Reddio team has previously developed a high-performance distributed database, currently used long-term by Bybit, OKX, and Square. Due to Reddio's focus on parallelism and hardware acceleration, GPU miners can participate in its node operation in the future. The project has launched staking and task systems and plans to announce the results of the new Series A financing soon, with the participation of several well-known institutions.

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<p>Breaking news from TechFlow on August 13th, the high-performance parallel Ethereum Layer2 network Reddio announced the completion of its seed round financing, led by Paradigm and Arena Holdings. Reddio, founded by Neil, a graduate of Stanford Graduate School of Business and the National University of Singapore, has held key positions at Twilio and PingCAP, providing zk rollup solutions for projects like Starknet.</p>
<p>The Reddio team has previously developed a high-performance distributed database, currently used long-term by Bybit, OKX, and Square. Due to Reddio's focus on parallelism and hardware acceleration, GPU miners can participate in running its nodes in the future. The project has launched staking and task systems and plans to announce the results of its new Series A financing soon, with the participation of several well-known institutions.</p>
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L2 network Reddio completes seed round financing, led by Paradigm and Arena.