.
@Paradigm VC fund made 1108x — 110,800% ROI
— from investing in 93 projects
Now, they invested in a new project ➙
@reddio_com
How's this project differentiating itself from competitors & why notorious fund invested in it.
A 🧵 thread 👇
I'll cover:
➙ what is Reddio
➙ numbers
➙ what's cool about it
➙ products
➙ start farming points — this is alpha (you're early, you get bonuses)
➙ ecosystem
Ready? Let's go!
— ▫️ — What is Reddio
Reddio is a high-performance, Ethereum-compatible Layer 2 solution that uses zk tech to enhance computational scalability while maintaining Ethereum-level security.
⚙️ It supports full EVM bytecode compatibility & Ethereum RPC API:
➙ allowing seamless integration w/ existing ETH tools, dApps, and wallets.
— ▫️ — Numbers
Like I said, this is alpha. Project is really young, but here are some *stats to see how early you are:
• 192 wallets
• 1202 devs
• 120,375 txs
(*acc. to its homepage at time of writing)
— ▫️ — What's cool about it
There are 3 advanced features designed to boost the performance of its L2:
(1) — parallel execution
• Reddio developed Parallel EVM
• it supports multi-threaded execution
• this allows multiple txs to be processed simultaneously
(2) — GPU acceleration
• Reddio partnered w/ https://nus[.]edu[.]sg (Singapore' University)
• it leverages GPU tech to speed up complex cryptographic computations
• this makes it fater than traditional CPU-based methods
(3) — modular sequencer
• this allows devs to customize the txs ordering process
• and this improves the efficiency & flexibility in how txs are handled
💭Is this the next hot L2? 🤔
— ▫️ — Products
Currently, products are divided in 3 categories
(1) — RedSon
a) RedSonic Layer 2
➙ this is Reddio's high-performance, parallel execution engine designed for zkEVM
➙ you can: mint NFTs, sell/buy NFTs, deposit/withdraw assets (erc20)
➙ 0 txs fee instantly
➙ onboarding w/ or w/o crypto wallet
b) Explorer
➙ sepolia[.]explorer[.]reddio[.]com
c) Bridge
➙ from ETH to/back Reddio
➙ bridge[.]reddio[.]com
(2) — Layer 2
a) Parallel zkEVM
➙ a high-performance, zk virtual machine (zkVM)
➙ boosts ETH L2 scalability & security
➙ 100x faster, by validating txs off chain
➙ 100x cheaper fees than ETH
b) Smart Contracts
(3) — Infrastructure
How to set up & use a Reddio Node to interact w/ their zkEVM L2
a) Starknet Node
b) Ethereum Node
👉 www[.]reddio[.]com/node
— ▫️ — Farming points
This is your opportunity to easily farm points:
1. go to points[.]reddio[.]com
2. login via wallet
3. go to TASKS
4. farm them boy
Another way to earn points is by:
— bridging assets from ETH to Reddio
— available rn:
$USDT $ETH
— ▫️ — Ecosystem
Who's using Reddio (incl. customers):
@StarkWareLt
@AlchemyPlatform
@Web3Auth
@nftscan_com
@RapydGlobal
@ParticleNtwrk
@TegroFi
@worldcoin
@KOOOLACITY
@NetEaseGames_EN
@opencorddotxyz
— ▫️ — My 2 cents
This project ticks my boxes:
• we're early
• based VC puts faith (money) in it
• they have unique approaches for solving things
That simple.
▫️ If you enjoyed this reading
Don't forget to follow
@raares and retweet.
👉 It keeps me going 🙌. Thanks