Latest news with #Rialo
Yahoo
05-08-2025
- Business
- Yahoo
NEAR Protocol Surges 4% Amid Institutional Activity and Ecosystem Expansion
NEAR Protocol delivered a standout performance during the 24-hour trading window from August 3 at 15:00 to August 4 at 14:00, rallying 4.20% from $2.43 to $2.53. This price action was driven by a sharp uptick in trading activity, notably during the final hour when volume spiked to 2.7 million tokens—more than double the daily average. The rally underscores growing institutional interest, evidenced by consistent high-volume accumulation zones and a decisive breakout that breached several key resistance levels. Contributing to NEAR's momentum was fresh progress in its ecosystem. Aurora Labs showcased five early-stage startups from its Aurora Blocks Incubator, each building EVM-compatible Virtual Chains powered by NEAR's infrastructure. These initiatives signal a maturing development pipeline and increasing demand for scalable, interoperable blockchain solutions anchored in the NEAR ecosystem. Meanwhile, Subzero Labs emerged from stealth with a $20 million funding round led by Pantera Capital. The team, featuring former NEAR contributors, is developing Rialo—a network poised to deepen the protocol's infrastructure layer. Technical indicators reinforced NEAR's bullish tilt, particularly in the final hour of trading, where the token climbed 1.80% from $2.48 to $2.53. A sharp move at 13:35 from $2.48 to $2.50 on robust volume catalyzed a breakout above successive resistance points, ending in a surge past $2.53 just minutes before the session close. With strong support now confirmed at $2.47 and high-volume resistance at $2.53, the market appears primed for a near-term continuation toward the $2.55–$2.60 price band. Price delivered a robust 4.20% advance from $2.43 to $2.53 throughout the 24-hour session from 3 August 15:00 to 4 August 14:00. Total trading range expanded to $0.11 representing 4.48% intraday volatility. Notable breakout materialized at 4 August 00:00 with price movement from $2.45 to $2.50. Outstanding volume of 1,892,255 tokens documented, substantially above the 24-hour average of 1,299,394. Solid high-volume resistance confirmed at $2.50 with reliable support at $2.47. Concluding hour advance to $2.52 on volume of 2,717,159 tokens, exceeding double the typical average. Supplementary 1.80% gain throughout final 60 minutes from 4 August 13:08 to 14:07. Decisive breakout at 13:35 with price surge from $2.48 to $2.50 on 124,249 tokens volume. Sequential resistance levels overcome at $2.50, $2.51, and $2.52. Ultimate advance to $2.53 between 14:03-14:05 on volume surpassing 100,000 tokens per minute. Prospective continuation objectives identified toward $2.55-$2.60 zone. Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk's full AI Policy.
Time Business News
03-08-2025
- Business
- Time Business News
Potential Subzero Labs Airdrop – How to Claim Free Reward 2025!
Subzero Labs Airdrop is a promotional event where Subzero Labs distributes free Rialo tokens to eligible participants. Rialo, the core of Subzero Labs' vision, is a next-generation blockchain that combines RISC-V smart contracts, Solana Virtual Machine (VM) compatibility, and native web connectivity. This unique blend delivers Web2 like responsiveness, making it easier for developers to create scalable decentralized applications (dApps) with real-world impact. By participating in this new crypto airdrop, you can claim Rialo tokens and become an early supporter of a project backed by heavyweights like Pantera Capital, Coinbase Ventures, and Hashed. With $20 million raised in their seed round in August 2025, Subzero Labs is poised to redefine blockchain development. Don't miss out on this exciting opportunity to join a revolutionary platform! Joining the Subzero Labs Airdrop is simple and straightforward. Follow these steps to claim your free Rialo tokens. 1. Join Discord and Verify then Claim Community Role.2. Go To Discord Settings ➜ Connection ➜ Add ➜ GitHub Account.3. Then go to the Rialo Server settings Menu ➜4. Then Click on the Linked Roles ➜ Claim Developer Role5. Now try to Grab OG and Contributor Role 6. Now Join the waitlist and submit your Email. 7. Join our Telegram channel for upcoming updates. The Subzero Labs Airdrop offers a range of benefits that make it a must-join for crypto enthusiasts. Here's why you should be excited: By joining the Subzero Labs Airdrop, you'll gain early access to Rialo tokens, positioning you as an early adopter of a high-potential blockchain. Early participants often benefit from future growth as the project gains traction. With $20 million raised from reputable investors like Pantera Capital, Coinbase Ventures, and Hashed, Subzero Labs has strong financial backing. This support signals confidence in Rialo's future, making the airdrop a valuable opportunity for participants. Rialo's unique architecture simplifies dApp development, attracting developers to build innovative applications. As more developers adopt Rialo, the demand for its tokens could rise, potentially increasing their value. The Subzero Labs Airdrop allows you to earn free Rialo tokens by completing simple tasks like joining their community, following social media accounts, or referring friends. It's an easy way to get involved without financial risk. Rialo is designed for real-world use cases, unlike many blockchains focused solely on speculation. By participating, you're supporting a platform that could power next-generation applications in AI, finance, and beyond. To make the most of the Subzero Labs Airdrop, keep these tips in mind: Stay Informed : Follow Subzero Labs on X, Telegram, and their official blog for updates on the airdrop and Rialo's development. : Follow Subzero Labs on X, Telegram, and their official blog for updates on the airdrop and Rialo's development. Engage Actively : Participate in community events or discussions to increase your chances of earning bonus tokens. : Participate in community events or discussions to increase your chances of earning bonus tokens. Secure Your Wallet : Use a trusted crypto wallet to safely store your Rialo tokens. : Use a trusted crypto wallet to safely store your Rialo tokens. Spread the Word: Share the airdrop with friends to earn referral bonuses and help grow the Rialo community. The Subzero Labs Airdrop is your gateway to joining a revolutionary blockchain project that's set to redefine how developers build decentralized applications. With its innovative features, strong investor backing, and focus on real-world use cases, Rialo is poised to make waves in the crypto space. By participating in this new crypto airdrop, you can claim free Rialo tokens and become part of a game-changing ecosystem. Bookmark HyperDAF Airdrops for more potential Airdrops to maximize your earnings with verified airdrops. Remember to follow us on Twitter (X), Telegram, and Facebook to receive upcoming airdrops and news updates on time. TIME BUSINESS NEWS
Yahoo
02-08-2025
- Business
- Yahoo
Subzero Labs raises $20 million to build a blockchain for the ‘real world'
Even as crypto finds growing traction on Wall Street and among retail investors, few people regard the blockchain technology that powers it as useful or relevant to their day-to-day lives. A crypto startup called Subzero Labs wants to change this, and it plans to launch its own blockchain designed for use beyond just speculation. 'We're doing something for the real-world users,' Ade Adepoju, cofounder and CEO of Subzero Labs, told Fortune. The startup announced Friday that it had raised $20 million in a seed round led by the crypto investment firm Pantera Capital. Other participants included the crypto venture capital company Variant, the venture arm of Coinbase, and the crypto desk of the high-frequency trading firm Susquehanna. Adepoju declined to detail his startup's valuation. The deal, which closed in the first quarter of the year, was for equity and token warrants, or allocations of a yet-to-be-released cryptocurrency, he said. iPod to iPhone Adepoju, who is 30 years old and lives in New York City, is a longtime engineer. Early in his career, he worked at the chipmaker AMD, moved over to the laptop giant Dell, and then got a job at the streaming titan Netflix. In 2021, he decided to take the plunge into crypto when he joined the startup Mysten Labs as an engineer. Founded by former Meta developers, Mysten Labs is one of the main companies behind the Sui blockchain, whose tech stems from Mark Zuckerberg's failed attempt to launch his own stablecoin. Adepoju helped build Sui from conception to launch, but, in early 2024, he took a career break. 'I wanted to take a step back and observe what it meant to make a network actually successful,' he said. As he pondered his next move, he linked up with his cofounder Lu Zhang, also a former employee of Mysten Labs, and decided to get into the business of launching his own blockchain. Together, the two created Subzero Labs, which currently has 20 employees. Some might argue that, at a time when there are dozens of active blockchain projects, the world is not exactly clamoring for another one. In response, Adepoju argues that none are good enough yet to run real-world applications. 'When you actually ask, 'do we need another one?' it's like asking, 'do we need another iPod?'' he said. 'No, we don't, but we definitely need an iPhone.' He's hoping his new blockchain, dubbed Rialo, will be that iPhone. An acronym, Rialo stands for 'Rialo isn't a layer 1.' Layer-1 blockchains are like Ethereum, which is a decentralized network of servers that processes and stores data. Layer 2s are blockchains built on top of layer-1 blockchains. Adepoju says Rialo isn't a layer 1, 2, 3, 4, 5, or 6. In fact, he's reluctant to compare it to any existing crypto products. He does say the blockchain is designed for non-crypto developers and that it allows engineers to replicate tools usually implemented outside a blockchain. These include the ability to access information, like a FICO score, elsewhere on the internet without the need of an oracle, or outside data provider. 'Cameras used to ship with laptops. They used to be separate,' he said, referring to external video cameras people used to connect to their computers in the early 2000s. 'They got bundled. These things happen with every technology.' This story was originally featured on Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Business Insider
01-08-2025
- Business
- Business Insider
Subzero Labs Emerges with $20M Raise to Build the First Real World Network
New York, New York, August 1st, 2025, Chainwire Subzero Labs emerges from stealth after raising a $20M initial financing round led by Pantera Capital with participation from Variant, Coinbase Ventures, Hashed, Susquehanna Crypto, Mysten Labs, Fabric Ventures, Mirana Ventures amongst others. Developer-first founders come from Mysten Labs and Diem and have attracted top talent from Meta, Apple, Amazon, Netflix, Google, TikTok, Citadel, VMWare, Solana, EigenLayer, Coinbase, NEAR Protocol and more. Subzero Labs is building Rialo, a radical rethinking of decentralized programmable networks that empowers builders to create and launch internet‑scale decentralized applications, without the constraints of legacy network architecture. Today, Subzero Labs announces its emergence from stealth with a $20 million initial financing round led by Pantera Capital, with participation from other top-tier investors including Variant, Coinbase Ventures, Hashed, Susquehanna Crypto, Mysten Labs, Fabric Ventures, Flowdesk, Mirana Ventures, and more. Founded by Ade Adepoju and Lu Zhang, early engineers at Mysten Labs who contributed to the Sui network, Subzero Labs draws on deep technical expertise from both Web2 and Web3. Prior, Zhang built Diem, Meta's crypto initiative, and large-scale AI/ML infrastructure at Meta and Google, while Adepoju developed distributed systems at Netflix and advanced microchips at AMD. With years of deep involvement in multiple layer-1 protocols and decentralized applications, Adepoju and Zhang identified a significant gap between the goals of network infrastructure and app developers; a gap they will close by rebuilding decentralized infrastructure from first principles. The Subzero Labs team has attracted top talent from Meta, Apple, Amazon, Netflix, Google, TikTok, Citadel, VMware, Solana, EigenLayer, Polkadot, Coinbase, NEAR Protocol, and other industry-leading organizations. For years, blockchain teams have obsessed over raw transaction speed. But high TPS alone doesn't make decentralized apps robust or useful. Without a seamless interface to real‑world data and services, even the fastest blockchains produce apps that feel disconnected, high friction, boring to users, and frustrating for builders. Until we fix real‑world integration and free builders from tangled and fragmented infrastructure, decentralized apps will remain clunky, costly, and painfully slow to create. Subzero Labs is building Rialo, a network that gives developers the building blocks to create global-scale decentralized apps, without integrating brittle third-party services. Rialo makes it possible to build decentralized apps with the responsiveness and reactivity of Web2 at a fraction of the complexity by offering native web connectivity, event-driven transactions, built-in privacy, among others while remaining infinitely scalable. Rialo leverages RISC-V architecture and adds Solana VM compatibility, letting teams deploy existing programs out of the box while unlocking a richer feature set. From tokenized assets, to prediction markets, to global trading platforms, to AI agent orchestration, developers can build with familiar tools while delivering apps that outperform their centralized counterparts in both cost and user experience. 'Instead of shipping innovative products, too many brilliant teams are burning their runway gluing various pieces of poorly designed infrastructure together,' said Ade Adepoju, Co-Founder of Subzero Labs. 'We believe infrastructure should be invisible, fast, intuitive, and scalable. Rialo solves this and unlocks entirely new classes of applications that simply weren't possible before.' 'Rialo is the only full stack network for real world applications - built by leading industry developers for developers,' said Paul Veradittakit, Managing Partner of Pantera Capital. 'It's rare to see such a high concentration of talent to drive this vision. We believe under Ade and Lu's leadership the Subzero Labs will deliver the infrastructure that finally empowers developers to create decentralized products that are intuitive, useful, and relevant to everyday users.' 'What stood out to us was how Rialo makes off-chain interaction feel native — not bolted on," said Baek Kim, General Partner of Hashed. "With the devnet already demonstrating event-driven execution and native web integrations, we see early signs of a system that can lower the barrier for real-world use cases. Subzero Labs isn't just optimizing infra — they're rethinking how developers and external systems actually connect to it,' 'We are excited about the opportunity that comes with the growing range of real world assets.' said Bart Smith, Global Head of Digital Asset Strategy at Susquehanna International Group (SIG). Rialo private devnet is now live. Subzero is currently onboarding early development partners. Developers interested in testing Rialo ahead of its public launch can join the waitlist. Subzero Labs is rearchitecting decentralized infrastructure to deliver network power without legacy constraints. The company's flagship network, Rialo, combines real world connectivity and event driven execution, enabling teams to ship production ready applications with the same ease as Web2 development. Founded by veterans of Meta, Apple, Amazon, Netflix, Google, TikTok, Citadel, Mysten Labs, Solana, and other leading protocols, Subzero Labs is transforming decentralized network into full stack product platforms, unlocking real world use cases for developers, enterprises, and consumers.
