Source: news.google.com
ScalingX, a community of Web3 accelerators and developers, and Reddio, a blockchain infrastructure company, announced a strategic partnership to jointly promote the adoption of zero-knowledge rollup (zkRollup) technologies among startups.
The alliance represents a major joint force between accelerators and technology providers. With a focus on scaling technologies like Zero Knowledge Proof (ZKP), ScalingX incubates projects that drive the next wave of blockchain evolution by filling the gaps in developer education and connecting the dots for entrepreneurs through comprehensive services and access to resources. critics. . The company has recently announced an incubation program called zkTech Camp to support related startups. Meanwhile, Reddio offers developers globally available and easy-to-use zkRollup Layer 2 Agnostic APIs for quick integration of empowering technology into their applications.
Under the partnership, Reddio will provide mentorship to founders and startups participating in ScalingX incubation programs and conduct consultation sessions with them as a technical resource. The two will also collaborate on activities like workshops, hackathons, and demo days.
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Ethereum, the world’s most popular blockchain network with strong user bases, has long been plagued by its scalability issue. ZkRollup emerged as a promising Layer 2 solution that scales the network without sacrificing security by bundling transitions and processing them off-chain. The technology also enables a better user experience as it removes the hurdle of skyrocketing gas rates and heavy congestion on Layer1, making it the perfect choice for developers looking to build amazing apps that drive adoption. massive.
As the foundation of the partnership, ScalingX and Reddio share the vision that the ZKP technologies represented by zkRollup will define the future of blockchain and serve as the foundation for scaled Layer1 blockchains.
“We are delighted to partner with Reddio, who bring strong technical expertise and have a shared target audience of Web3 developers and startups with us,” said Chichi Hong, co-founder of ScalingX. “Together with Reddio, we will facilitate the application of ZKP technologies and take related innovations to a new level.”
“Reddio is excited about this partnership to accelerate the adoption of zkRollup, which brings scalability, transparency, and security to the ecosystem. In the meantime, by partnering with ScalingX, we can help startups fuel their growth and ensure they can have a sustainable business model,” said Neil Han, Founder and CEO of Reddio.
Starting with Reddio, ScalingX has several partnerships in the works to pool resources for an ecosystem that provides support in every element critical to the success of Web3 startups.
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