0/ Excited to announce our investment in @RialoHQ - stellar team building a genuinely novel blockchain, perfect for applications that need to natively interact with the "real world" (like stablecoins/prediction markets/RWAs)
2/ Successful layer one blockchains to date (Bitcoin, Ethereum, Solana) have been primarily self contained state machines, focused on assets defined solely by that blockchain (with winning applications servicing this like pumpfun/uniswap/aave)
3/ That's great! but this makes it hard to service the growth application spaces like stablecoins/RWAs/Prediction markets where you need to interact and base logic on data from the "Real world"
4/ To provide appropriate functionality, builders have created ad-hoc solutions to interact with the outside world, most namely oracles, bridges, indexers, while looking to maintain the core properties of a classical blockchain (trustlessness, guaranteed by decentralisation) that entices users and builders.
5/ However, if we're honest, these solutions are inappropriate for mass adoption. See the Polymarket "suit" debacle as an example - why does a oracle (Uma) with a market cap of <110m have the ability to dictate payouts on a market with multiples of that in volume?
6/ This is where @RialoHQ fits in: enshrining the core functionality that developers need in the protocol itself
7/ This makes it easy to imagine new applications: Want to send money as easily as you send a text message? Rialo can turn any phone number or email into a payment endpoint with no more seed phrases or wallets required.
8/ What about those aforementioned prediction market issues? Rialo validators can monitor any available data (tweets, headlines, any public feed or event), defined ahead of time and treat each as a programmable trigger allowing for automated payout at the moment of resolution.
9/ We've been so impressed with the team since we started speaking to them last year: Ade and Lu possess deep experience across blockchain, AI, distributed systems, and hardware. Early engineers at Mysten Labs, the pair have previously worked at Netflix, Dell EMC, AMD, Meta (on Diem) and Google and have added talent from Meta, Apple, Amazon, Netfllix, Citadel, and Solana
fin/ we think Rialo can become the standard for developers wanting to build novel, useful applications - if you're interested in this, don't hesitate to reach out
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