A Paradigm Capital VC firm has just announced the creation of the $2.5 billion funds specifically designed to invest in blockchain-related projects. This is the biggest crypto-related fund in history.
''Paradigm is an investment firm focused on supporting tomorrow's great crypto/Web3 companies and protocols. Our approach is flexible, long-term, multi-stage, and global. We often get involved at the earliest stages of formation and support our portfolio with additional capital over time''.
It wasn't too long ago that we discussed Andreessen Horowitz is breaking records for the most prominent cryptocurrency fundraiser at $2.2 billion in June.
Adding Paradigm's brand new funds to and we're left with nearly $5 billion of private capital set to flow into blockchain technology within a short period.
In the beginning, Paradigm only set out to fund the $1.6 billion investment fund. However, there was such demand from limited partners who wanted to contribute capital that the company took on practically $1 billion extra. This speaks volumes about the expansion is in the future.
Contrary to Andreessen Horowitz, which has been around since 2009, Paradigm was founded only a few years ago in the year 2018, which makes the investment even more remarkable.
The rapid rise to become one of the leading blockchain venture capital firms was due to the trustworthiness of the founding founder Fred Ehrsam, who is also one of the founding members of Coinbase.
Based on his background and experience, it shouldn't come as a surprise that Paradigm will concentrate on web 3.0 technologies and the decentralized financial system. This is a significant amount of capital that has to be quickly injected into early-stage blockchain projects and will result in a rapid acceleration of innovation and advancements in the field.
Everything is happening at an accelerated pace. Never before has such a large amount of capital been made available to support incredible projects and individuals.
The venture capital sector is being disrupted by builders and operating executives rather than those originating via the traditional finance route.
This is great news for founders and entrepreneurs seeking experienced operating executives to aid them in the growth of their business and join their boards.
We must be ready for some fantastic advancements in blockchain in 2022. I'm sure that many Dear Readers will be pleasantly surprised by the amount of blockchain technology developed in the coming year.
This article was printed from TradingSig.com