Reddio, a high-performance parallel Ethereum Layer 2 network, has successfully completed its seed funding round, which was led by Paradigm and Arena Holdings. The announcement was made by Reddio's founders, who are alumni of Stanford Graduate School of Business. The funding will accelerate the deployment and adoption of Reddio's technology, which includes live staking and rewards systems. Reddio aims to enhance Ethereum scalability through its innovative Layer 2 solutions. Additionally, Rhinestone, a developer of modular smart accounts, has raised $5 million in a seed round led by 1kx, with participation from CoinFund and other investors. This funding will support Rhinestone's efforts to create open and interoperable smart account infrastructure.