Blockchain startup Subzero Labs completes $20 million seed round led by Pantera Capital

PANews reported on August 2nd that, according to Fortune magazine, blockchain startup Subzero Labs has secured $20 million in seed funding led by Pantera Capital, with participation from Variant, Coinbase Ventures, and Susquehanna's crypto arm. The company is developing the Rialo blockchain, a real-world blockchain aimed at breaking through the current limitations of crypto technology, which primarily serves financial speculation. Co-founder Ade Adepoju, formerly an engineer at Mysten Labs (where he participated in the development of the Sui blockchain), aims to provide non-crypto developers with a native solution for integrating external data (such as FICO credit scores) on-chain, without relying on oracles. The team currently has 20 members, and the funding includes equity and token subscription rights. The specific valuation was not disclosed.

Original Link

Share to:

Author: PA一线

This content is for market information only and is not investment advice.

Follow PANews official accounts, navigate bull and bear markets together

PANews WeChat Group

Telegram Discussion Group

Telegram News Channel

@PANews

Recommended Reading

PA一线

07/04/2025, 01:13 AM