Oak Grove Ventures Invests in Parallel EVE Reddio to Support Technological Ecosystem Development
Blockchain investment firm Oak Grove Ventures announced a strategic investment in the Ethereum-compatible Layer 2 blockchain Reddio. Reddio, based on zero-knowledge proofs, is dedicated to addressing Ethereum's scalability issues. Its parallel EVM architecture, combined with GPU acceleration, significantly enhances transaction processing capabilities. This investment will aid Reddio in expanding its ecosystem and accelerating the implementation of Web3 applications.
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