SAN FRANCISCO, Dec. 20, 2022 (GLOBE NEWSWIRE) — ScalingXa Web3 developer community and accelerator, and Reddioa blockchain infrastructure company, today announced a strategic partnership to jointly advance the adoption of zero-knowledge (zkRollup) technologies among startups.
The alliance represents an important joint force between accelerators and technology providers. Focusing on scaling technologies such as 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 one-stop services and access to critical resources. The company has recently announced an incubation program called zkTech Camp to support related startups. Meanwhile, Reddio offers developers globally accessible and easy-to-use Layer 2 zkRollup Agnostic APIs for rapid integration of the empowering technology into their applications.
Under the partnership, Reddio will provide guidance to founders and startups participating in ScalingX’s incubation programs and hold consultation sessions with them as a technical resource. The two will also collaborate on activities such as workshops, hackathons and demo days.
Ethereum, the world’s most popular blockchain network with solid user bases, has long been plagued by the problem of scalability. ZkRollup emerged as a promising Layer 2 solution that scales the network without sacrificing security by collecting transitions and processing them off-chain. The technology also enables a better user experience as it removes the hurdles of sky-high gas fees and heavy Layer1 congestion, making it a perfect fit for developers looking to build killer apps that will drive mass adoption.
Underpinning the partnership, ScalingX and Reddio share the vision that ZKP technologies represented by zkRollup will define the future of blockchains and serve as the foundation for scaled Layer1 blockchains.
“We are excited to partner with Reddio who brings strong technical expertise and has 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 use of the ZKP technologies and bring 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. Meanwhile, by partnering with ScalingX, we can help startups accelerate their growth and ensure that they can have a sustainable business model,” commented Neil Han, founder and CEO of Reddio.
Starting with Reddio, ScalingX has several partnerships in the pipeline to pool resources for an ecosystem that provides assistance 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. Enables developers to embed Token or NFT (Non-fungible token) in their web, desktop and mobile applications with massive scalability and zero gas fee for off-chain.
Reddio has partnered with the leading layer 2 zkRollup provider Starkware to launch StarkEx APIs, which you can get instant trade confirmation within other, high simultaneous transactions up to 10k TPS, 0 gas fee which is done on layer 2 and the asset security derived from layer 1 Ethereum. Reddio is backed by top 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 worldwide through education. We support early-stage Web3 startups by helping them with talent recruitment, networking, fundraising, project incubation, PR 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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