Key Points:
- Paradigm raised a $850M fund for crypto projects.
- The firm anticipates new consumer applications in crypto.
Paradigm third fund raised $850M to support early-stage crypto projects, reinforcing its influence in the crypto space.
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.
Paradigm Third Fund Hits $850 Million
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.
Source: The Block
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
Paradigm’s Contribution to Crypto Landscape
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.
