SAN FRANCISCO, Dec. 20, 2022 (GLOBE NEWSWIRE) — ScaledXa community of developers and Web3 accelerator, and Reddioa blockchain infrastructure company, today 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 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.

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.

About Reddio

Reddio is a technology company building blockchain infrastructure to help developers adopt blockchain technologies with the world’s first easy-to-use Layer 2 zkRollup agnostic APIs. Allow developers to embed Token or NFT (non-fungible token) into their web, desktop and mobile applications with massive scalability and zero gas fee for off-chain.

Reddio partnered with leading Layer 2 zkRollup provider Starkware to launch StarkEx APIs, with which you can have instant trade confirmation within a second, high concurrent transactions up to 10k TPS, zero gas fee as described does in Layer 2 and Layer 1 Ethereum derived asset security. Reddio is backed by major VCs like Paradigm and Arena Holdings.

About ScalingX

ScalingX is a global developer community dedicated to the development of Web3 and blockchain technologies, with a focus on Zero-Knowledge Proof (ZKP) technology. Our goal is to promote the adoption of blockchain technology around the world through education. We support early-stage Web3 startups by helping them with talent recruitment, networking, fundraising, project incubation, public relations and branding, community building, and more. We are fully committed to building a more scalable, transparent, secure, and decentralized network of tomorrow.

Website: https://www.scalingx.xyz/
Github: https://github.com/scalingx/
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