Oak Grove Ventures invests in EVE Reddio to support the development of the technology ecosystem.

According to Mars Finance, blockchain investment firm Oak Grove Ventures announced a strategic investment in Reddio, an Ethereum-compatible Layer 2 blockchain. Reddio is based on zk-SNARKs and aims to solve Ethereum's scalability issues, significantly improving transaction processing capacity with its parallel EVM architecture combined with GPU acceleration. This investment will help Reddio expand its ecosystem and accelerate the implementation of Web3 applications.