Paradigm’s co-founder – Matt Huang – said the company “has never been more dedicated to crypto.”
The venture capital firm has been involved in the industry for years by making substantial investments and leading numerous fundraisers.
’Excited About Crypto’
Huang assured in a new post on Twitter that Paradigm remains committed to the cryptocurrency sector. The VC giant will continue “to invest across all stages, publish original research, help portfolio companies develop mechanisms, ship open source projects, advocate for good policy, and more.” He also said that Paradigm is interested in the advancement of artificial intelligence (AI).
”We’re also a group of curious nerds, and the developments in AI are too interesting to ignore.”
The exec opposed the thesis that crypto vs. AI is a zero-sum competition. The latter is a popular term in finance, describing a business deal where one person’s gain is another one’s loss.
”It seems trendy to frame crypto vs. AI as a zero-sum competition. But we don’t buy it. Both are interesting and will have plenty of overlap. We’re excited to continue exploring,” he concluded.
Paradigm’s Crypto Efforts
One of Paradigm’s first major interactions with the sector occurred in 2019 when it invested as much as $1 million in Uniswap. It was also among the financial backers of the latter’s $165 million fundraiser in 2022.
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Author: Dimitar Dzhondzhorov
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