Reddio, a high-performance parallel Ethereum Layer2 network, announced the completion of its seed round of financing, led by Paradigm and Arena Holdings. Reddio was founded by Neil, a graduate of Stanford Business School and the National University of Singapore, who has worked at companies such as Twilio and PingCAP. The high-performance distributed database developed by the team has been used for a long time by Bybit, OKX and Square. The Reddio project has launched a pledge and task system, and will announce the results of a new round of A financing in the near future, with the participation of many well-known institutions.
