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In 2022, Arena Holdings and Paradigm invested in Reddio's team with its goal of simplifying zero-knowledge (ZK) technology. Realising that there were still unmet demands in the growing industry, Reddio reiterated continuously until arriving at a one-stop game-changing solution -- a Parallel zkEVM Layer 2 (L2) blockchain.

The initial seed allowed Reddio to arrive at its innovative Layer 2 solution that offers Ethereum-level security, cutting-edge zero-knowledge proof technology, and full EVM compatibility, positioning Reddio as an unrivalled leader in the L2 space.

Now, Reddio is accelerating the deployment and adoption of this industry-defining high-performance parallel EVM Layer 2. In order to significantly enhance network performance and efficiency, Reddio foresees GPU miners operating as Reddio nodes.

Reddio aims to provide developer-friendly tools to ensure smooth and efficient on-chain transactions and app experiences. Our commitment to high-performance computing is evident in our team's background, having developed distributed databases currently used by Bybit, OKX, and Square, etc.

Our founder, Neil Han, brings a wealth of experience from his previous roles as the third employee of Twilio in APAC, General Manager of PingCAP APAC & EMEA, and a lecturer at Nanyang Technological University. Neil's educational background includes degrees from Stanford Business School and the National University of Singapore. An early advocate of ZK-scaling technology, Neil has contributed to open-source scaling solutions for projects like Starknet.

Our A-round financing is already underway and attracting notable investors and major institutions. Stay tuned for more updates as we continue to push the boundaries of blockchain technology.

For more information, please visit our website at reddio.com or follow us on Twitter at @Reddio.