BroadChain Financial News has learned that on June 14th, Paradigm co-founder Matt Huang announced that Paradigm has successfully raised its third fund, totaling $850 million, focusing on early-stage investments in crypto projects.
In addition, Matt Huang stated, “When Paradigm was founded in 2018, the team believed that cryptocurrency would be one of the most important technological and economic revolutions of the coming decades. Today, six years later, that belief has only grown stronger.
With Bitcoin’s market cap surpassing one trillion dollars, Ethereum, Solana, and other blockchain networks are expanding. Stablecoins are being adopted globally, and cutting-edge research is accelerating. New infrastructure is making consumer applications possible, with millions of people owning cryptocurrency. Cryptocurrency now plays a major role on the global political stage.
At this moment, Paradigm is proud to be a pioneer and the first external investor in shaping projects related to the crypto landscape.
Uniswap revolutionized decentralized exchanges with the use of AMM, while Optimism introduced one of the leading models for blockchain scalability adoption in the industry. Flashbots defined the concept of MEV and redefined how blocks are constructed.
These are the contributions Paradigm is proud to make in early-stage development and they are the focus of Paradigm’s future work, including through Paradigm’s EIR and incubation programs.
Accelerating positive developments in crypto technology is more important than ever, not just as investors, but as builders. Over the past few years, Paradigm has launched several open-source projects, including the popular Ethereum development tool Foundry and the high-performance Ethereum execution node RETH, aimed at driving the development of crypto technology.”