Pantera Capital is leading $ 20 million to Subzero Lab when a developer -friendly blockchain project leaves Stealth.

Petera Capital is raising $ 20 million in funds from Stealth, a startup from Stealth, which builds a blockchain designed for “Internet Scale Distributed Applications.” Other heavyweights, including coinbase ventures, fabric ventures, Mysten Labs, Susquehanna Crypto and Varient, contributed to the round.

The blockchain called Rialo is a “radical inventory of decentralized programming network” that provides “Web2’s response and reactivity.”

Subzero wrote in a statement on Friday, saying, “From the tokenized asset to the predictive market, the global trading platform, and the AI agent orchestration, developers can build a familiar tool and provide apps that surpass the centralized opponents in both cost and user experience.”

According to the announcement, this system will set up guidelines for smart contracts that Vitalik Buterin wants to switch Ethereum and take advantage of expandable Solana VM compatibility.

The co -founders of Subzero are the initial engineers of Mysten Labs and have built a next -generation expandable blockchain with a SUI network in Crypto. Both have background knowledge of Web2. Zhang worked on META’s blockchain initiative DIEM and META and Google’s AI infrastructure, and Adepoju developed a distributed system in Netflix and developed AMD’s Advanced Microchips.

Their startups have already attracted major technical companies such as Apple, Amazon and Tiktok and the talents of encryption ecosystems, including Polkadot and Near.

Paul Veradittakit, a management partner of Pantera Capital, is rare to see high concentrated talents to lead this vision. We will provide an infrastructure for developers to create distributed products related to everyday users, under the leadership of ADE and LU.

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