Key Points:
Paradigm recently announced the raise of their third fund which reaches 850M. The fund is to be used to support early-stage crypto projects. That said, with great money comes great influence, it duly cements Paradigm’s reputation, along with a16z, as one of the most celebrated VCs in the space.
When we founded Paradigm in 2018, we believed that crypto would be one of the most important technical and economic shifts of the coming decades. Six years later, that belief has only gotten stronger.
Wrote in the announcement
According to Paradigm, more and more engagement by people with crypto and developments in frontier research, it sees an opportunity for new infrastructure for consumer applications to be enabled.
But Paradigm did at one time remove cryptocurrency-related content from its website and ponder a shift in its investment focus to AI.
The most dramatic facelift of the website for the company came when Paradigm labeled itself on its website as a “research-driven technology investment firm” as opposed to one investing in “disruptive crypto/Web3 companies and protocols.”
Readmore: Crypto VC Paradigm Raises New Fund Of Over $750 Million: Report
Despite that, Paradigm has made some very important contributions to how the crypto landscape has been shaped. It was an early investor in the first outer projects like Uniswap-an innovator in AMMs for decentralized exchange through its employment of smart contracts.
Other projects like Optimism and Flashbots hanged upon paradigms’ early-stage investment and introduced some cool, novel models of blockchain scaling and mining.
DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing. |
Discover why Qubetics, Cosmos, and Chainlink are the best cryptos to buy in November 2024.…
Best Cryptos to Buy in December 2024: Qubetics ($TICS) presale explodes, Ethereum (ETH) eyes a…
Palo Alto, California, 21st November 2024, Chainwire
Best Cryptos to Buy: Qubetics presale rockets ahead, Bitcoin nears $100k, and Avalanche prepares to…
London, United Kingdom, 21st November 2024, Chainwire
The move will see developers utilize USDC on Aptos in creating dApps on a wide…
This website uses cookies.