Matt Huang, Co-founder and Managing Partner at Paradigm.
Paradigm has raised our third fund: an US$850M venture fund focused on crypto projects at the earliest stages.
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.
Bitcoin has monetised to US$1T+. Ethereum, Solana and other blockchains are scaling. Stablecoins are being adopted globally. Frontier research speeds along. New infrastructure is enabling consumer applications. Hundreds of millions of people own crypto. And crypto is now a main character on the world’s political stage.
In that time, Paradigm has been proud to be involved as early contributors to and the first outside investor in projects that have shaped the crypto landscape. Uniswap pioneered the use of AMMs for decentralised exchange. Optimism invented one of the leading models for blockchain scaling. Flashbots defined the concept of MEV and reinvented how blocks are built. This is the sort of early-stage work that we love contributing to, and it’s what we’ll be increasingly focused on going forward (including through our EIR and incubation programmes).
It’s more important than ever to accelerate a positive future for crypto, not just as investors but as builders. Over the past few years, we’ve launched several open-source projects including Foundry, a popular Ethereum development tool, and Reth, a high performance Ethereum execution node, with the goal of pushing the crypto frontier forward. We’re excited to dedicate significant effort to such projects over the coming years.
Click below to share this article