Although he moved to AI, the projects laid out by Paradigm still cannot be ignored.
Written by: Surf, encrypted KOL
Compiled by: Felix
Paradigm is considered the most unique crypto VC fund. As a San Francisco-based VC, it was established in 2018 and mainly invests in cryptocurrencies. Although Paradigm is getting involved in the field of AI, Paradigm's investment projects are still worthy of traders' attention. This article is Paradigm's investment layout in the first quarter of 2023.
Paradigm is widely regarded as one of the most exclusive venture capital firms, as they only select a select few projects to invest in. Notable projects include: Optimism, Blur, Synthetix, etc.
Assets under management: $13.2 billion
Investment focus:
Cryptocurrency (mainly)
Artificial intelligence (new)
Emerging technologies (new)
trend
Paradigm's recent investments have focused on Blockchain as a Service (Blockchain as a Service) and blockchain infrastructure. However, with their recent shift of focus to emerging technologies, AI is another hot narrative that Paradigm hopes to capture.
Paradigm's cryptocurrency holdings, maximum holdings:
ETH: $187.9 million
LDOs: $154 million
Comparison with other VC fund holdings (ERC-20 tokens):
*
Source: VC trackooor dashboard by defi_mochi
As of June:
Paradigm's open interest is $142.8M (only LDO holdings shown).
Jump's total holdings are about 96.56 million USD, the largest holdings are USDC (20.59 million USD) and wETH (15.33 million USD).
A16z's total holdings are about 81.51 million USD, and the holdings are UNI (75.97 million USD), MKR (2.67 million USD) and COMP (1.61 million USD).
Wintermute’s total holdings are about USD 52.9 million, and the largest holdings are DYDX (USD 13.96 million), LDO (USD 9.33 million), and USDC (USD 9.18 million).
*Gragonfly's total holdings are about USD 18.3 million, and the largest holding is LDO (USD 17.43 million).
DeFiance Capital’s total holdings are about USD 16.78 million, the largest holdings are USDC (USD 7.48 million), LDO (USD 3.85 million), DODO (USD 2.46 million)
Top 5 Cryptocurrency Investments for Q1 2023
Conduit
Funding: $7 million, seed round
Lead investor: Paradigm
Other investors: Robert Miller, Ludwig Pettersson, Dan Romero, Guillaume Poncin, Joshua Ma and Lakshman Sankar.
Conduit is a Rollup-as-a-Service project (aiming to revolutionize rollup deployment by providing user-friendly tools and services) that enables teams to rapidly scale dApps by delivering production-grade rollups built on top of OPs.
It is intended to be a more accessible and cost-effective solution for projects looking for their own dedicated rollup.
Wolf Tooth
Funding: $15 million, seed round
Lead investor: Bain Capital Crypto and Paradigm
Other investors: Jump Crypto
*Ulvetanna is a ZKP hardware infrastructure company.
They build hardware to speed up the process of generating ZKPs.
Focus on generating ZKP for L2 zk EVM network
Related reading: Inventory of recent key financing projects on the ZK track: How ZK-VM will build the future of Web3
code4rena
Funding raised: $6 million, token purchase funds
Lead investor: Paradigm
Other investors: none
Code4rena offers a transparent and gamified alternative to traditional auditing.
Provide incentives for independent auditors to compete to find bugs.
nxyz (Q4 2022)
Funding raised: $40 million
Lead investor: Paradigm
Other investors: Coinbase Ventures, Greylock Partners, Sequoia, Balaji Srinivasan, Jaynti Kanani, Jing Wang, Packy McCormick, Surojit Chatterjee, and Ryan Selkis.
A multi-chain index product suite that exposes real-time blockchain data through a low-latency API.
Aims to enable builders to build a better Internet by providing more efficient blockchain indexing and data infrastructure.
Related reading: Understanding middleware Nxyz: a reliable, low-latency, multi-chain Web3 data indexing solution
Exponential (Q4 2022)
Funding raised: $14 million
Lead investor: Paradigm
Other investors: Haun Ventures, Solana Ventures, Polygon Ventures, Circle Ventures
DeFi investment discovery and risk assessment platform
Analyze investment risks by looking at protocol codes, team experience, and market conditions.
Provide users with a DeFi investment rating system (A to F)
Related reading: Understanding DeFi risk rating platform Exponential in one article: Why did it get $14 million in seed round financing?
Paradigm's recent shift from a cryptocurrency focus to now potentially include emerging tech/artificial intelligence as part of its portfolio is a means of diversification and may follow in the footsteps of A16z in increasing its AI investments.
Take a look at the AI-related projects Paradigm has invested in below:
ArenaX Good
Funding: $5 million, October 2021
*ArenaX Labs is the parent company of digital platform AI Arena.
AI Arena is an Ethereum-native game where players around the world can purchase, train, and battle AI-powered NFT characters.
Numbers
Funding raised: $11 million, March 2019
Numerai is a hedge fund that uses machine learning to develop trading strategies.
Instead of developing models in-house, Numerai utilizes forecasts from global data scientists to make investment decisions and provides incentives with NMR tokens.
Related Reading: Fleeing the Web3 Revolution? Paradigm's Difficulties and Situations
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The content is for reference only, not a solicitation or offer. No investment, tax, or legal advice provided. See Disclaimer for more risks disclosure.
Inventory of Paradigm's recent layout: ETH and LDO are the largest holdings, BaaS and infrastructure are the main investment directions
Written by: Surf, encrypted KOL
Compiled by: Felix
Paradigm is considered the most unique crypto VC fund. As a San Francisco-based VC, it was established in 2018 and mainly invests in cryptocurrencies. Although Paradigm is getting involved in the field of AI, Paradigm's investment projects are still worthy of traders' attention. This article is Paradigm's investment layout in the first quarter of 2023.
Paradigm is widely regarded as one of the most exclusive venture capital firms, as they only select a select few projects to invest in. Notable projects include: Optimism, Blur, Synthetix, etc.
Assets under management: $13.2 billion
Investment focus:
trend
Paradigm's recent investments have focused on Blockchain as a Service (Blockchain as a Service) and blockchain infrastructure. However, with their recent shift of focus to emerging technologies, AI is another hot narrative that Paradigm hopes to capture.
Paradigm's cryptocurrency holdings, maximum holdings:
Comparison with other VC fund holdings (ERC-20 tokens):
Source: VC trackooor dashboard by defi_mochi
As of June:
Top 5 Cryptocurrency Investments for Q1 2023
Conduit
Funding: $7 million, seed round
Lead investor: Paradigm
Other investors: Robert Miller, Ludwig Pettersson, Dan Romero, Guillaume Poncin, Joshua Ma and Lakshman Sankar.
Wolf Tooth
Funding: $15 million, seed round
Lead investor: Bain Capital Crypto and Paradigm
Other investors: Jump Crypto
*Ulvetanna is a ZKP hardware infrastructure company.
Related reading: Inventory of recent key financing projects on the ZK track: How ZK-VM will build the future of Web3
code4rena
Funding raised: $6 million, token purchase funds
Lead investor: Paradigm
Other investors: none
nxyz (Q4 2022)
Funding raised: $40 million
Lead investor: Paradigm
Other investors: Coinbase Ventures, Greylock Partners, Sequoia, Balaji Srinivasan, Jaynti Kanani, Jing Wang, Packy McCormick, Surojit Chatterjee, and Ryan Selkis.
Related reading: Understanding middleware Nxyz: a reliable, low-latency, multi-chain Web3 data indexing solution
Exponential (Q4 2022)
Funding raised: $14 million
Lead investor: Paradigm
Other investors: Haun Ventures, Solana Ventures, Polygon Ventures, Circle Ventures
Related reading: Understanding DeFi risk rating platform Exponential in one article: Why did it get $14 million in seed round financing?
Paradigm's recent shift from a cryptocurrency focus to now potentially include emerging tech/artificial intelligence as part of its portfolio is a means of diversification and may follow in the footsteps of A16z in increasing its AI investments.
Take a look at the AI-related projects Paradigm has invested in below:
ArenaX Good
Funding: $5 million, October 2021
*ArenaX Labs is the parent company of digital platform AI Arena.
Numbers
Funding raised: $11 million, March 2019
Related Reading: Fleeing the Web3 Revolution? Paradigm's Difficulties and Situations