Third Fund from Paradigm

#demidas_spotlight

Recently, Paradigm announced the creation of its third fund, valued at $850 million, which will focus on early-stage crypto projects.

In 2018, when we founded Paradigm, we believed that cryptocurrencies would become one of the most significant technological and economic shifts of the coming decades. Six years later, this belief has only strengthened.

Historically, the fund has actively invested in Financial Services, NFTs, GameFi, centralized exchanges (CEXs), and decentralized exchanges (DEXs). However, since the beginning of 2024, there has been a noticeable change in investment focus.

Over the past seven months, Paradigm has directed its investments towards sectors such as Staking, Blockchain Services, and Social, among others.

Recent noteworthy deals include investments in Babylon and Symbiotic. These moves suggest that Paradigm sees substantial growth opportunities in staking and restaking on Ethereum and other platforms.

From Staking to Restaking

Media about Web3 VC: @demidas_com