Subzero Labs Emerges with $20M Raise to Build the First Real World Network

Key Points

1. Subzero Labs raised $20 million from top-tier investors including Variant, Coinbase Ventures, and Hashed to develop its flagship network, Rialo.

2. Founded by Ade Adepoju and Lu Zhang, former engineers at Mysten Labs, Meta, and other tech giants, the team combines Web2 and Web3 expertise.

3. Rialo is designed to address the limitations of current blockchain infrastructure by enabling seamless decentralized app development with tools familiar to Web2 developers.

4. The network incorporates RISC-V architecture and Solana VM compatibility, aiming to make decentralized applications as easy to build as traditional Web2 apps.

5. Subzero Labs is currently onboarding early developers for its private devnet, with plans for a public launch in the future.