Oak Grove Ventures Invests in Parallel EVM Reddio to Support Technological Ecosystem Development

Foresight News reports that blockchain investment firm Oak Grove Ventures has announced a strategic investment in the Ethereum-compatible Layer 2 blockchain Reddio. Based on zero-knowledge proofs, Reddio aims to address Ethereum's scalability issues. Its parallel EVM architecture combined with GPU acceleration significantly enhances transaction processing capabilities. This investment will help Reddio expand its ecosystem and accelerate the implementation of Web3 applications.