An overview of Paradigm’s investment landscape: 70 investment companies in 4 years, covering infrastructure, DeFi and NFT

Originally written by Karen, Foresight News

Originally written by Karen, Foresight News

The recent eye-catching performance of the NFT market Blur led by the top investment institution Paradigm and the NFT project Art Gobblers that participated in the creation has doubled the market's interest in Paradigm's investment portfolio again. This article will sort out Paradigm's investment landscape since its establishment in 2018 from infrastructure, DeFi, NFT/games, Web3 and other categories.

Founded by Coinbase co-founder Fred Ehrsam and former Sequoia Capital partner Matt Huang, Paradigm focuses on investing in Crypto and Web3. Fred Ehrsam served as president of Coinbase from 2012 to 2017, and Matt Huang was previously the founder of social analytics company Hotspots, which was acquired by Twitter in 2012.

According to Paradigm official website and other public information statistics, Paradigm has nearly 70 investment portfolios, mainly focusing on infrastructure (12), DeFi (16), NFT/games (17) and exchanges and other financial service companies. , Layer2, Solana, and Cosmos ecology have been involved, and there are many leading projects in various fields such as Optimism, StarkWare, Cosmos, Phantom, Uniswap, dYdX, OpenSea, Magic Eden, Blur, and Sky Mavis. According to the statistics of PitchBook, the top 5 funds or investment institutions co-investing with Paradigm are Coinbase Ventures, a16z, Dragonfly, Polychain Capital and Robot Ventures.

infrastructure

infrastructure

Aztec

Public Chain/Layer2

Aztec is a privacy-focused ZK Rollup on Ethereum, using the PLONK proof mechanism. Aztec's first product is based on Aztec's privacy transfer protocol zk.money. It also launched a private DeFi solution, Aztec Connect, in the third quarter of this year, allowing users to secretly access DeFi services.

Aztec completed a US$2.1 million seed round of financing led by ConsenSys Labs at the end of 2018, and completed a US$17 million Series A financing led by Paradigm at the end of 2021, with participation from a_capital, Ethereal Ventures and Libertus Capital.

Cosmos

Website: https://aztec.network/

Cosmos describes itself as the "Internet of Blockchains" and is an ecosystem consisting of the Cosmos SDK and the cross-chain messaging protocol IBC.

In September 2022, Cosmos released a new version of the white paper, planning to allow other chains to use the Hub to protect their own networks. It also proposed changes to the utility and release schedule of ATOM. After a 36-month transition period, new Incremental ATOMs are reduced from exponential issuance to a constant amount. In addition, Cosmos plans to launch an Interchain Security testnet in November.

Tendermint, the original developer of Cosmos, completed a $10 million Series A round led by Paradigm in 2019.

Optimism

Website: https://cosmos.network/

Optimism is a Layer 2 expansion solution for Ethereum. In mid-2022, Optimism will release tokens and issue airdrops to users, and also launched a 231 million OP incentive fund.

Optimism completed a US$3.5 million seed round of financing in January 2020, and completed a US$25 million Series A financing led by Andreessen Horowitz (A16z) in February 2021. In March 2022, Optimism completed a round of financing led by Andreessen Horowitz (a16z) and Paradigm Co-led a $150 million Series B round at a valuation of $1.65 billion.

O(1) Labs

Website: https://www.optimism.io/

O(1) Labs is the development team of Mina, a lightweight blockchain protocol. Mina's Q4 roadmap includes zkBridge auditing, zkRollup development, enabling third-party off-chain use of Mina's proof system (so that zero-knowledge enthusiasts do not need to use Mina chain can adopt Mina's proof system), etc.

May 2018 O(1) Labs raised a $3.5 million seed round in May 2018, followed by a $15 million round in April 2019 from lead investors including Polychain, Paradigm, Coinbase Ventures and more A round of financing. In October 2020, O(1) Labs completed a US$10.9 million strategic round of financing led by Bixin Ventures and Three Arrows Capital.

StarkWare

Website: https://o1labs.org/

StarkWare is a zero-knowledge proof research and development organization. Currently, it mainly includes the expansion engine StarkEx and the decentralized ZK-Rollup StarkNet.

StarkWare plans to launch the Regenesis plan after releasing Cairo 1.0 at the end of 2022. After the launch, StarkNet will only be applicable to contracts based on Cairo 1.0, and will start from a new genesis block with an existing state. In Q1 2023, StarkNet will be updated to support Cairo 1.0, with the goal of migrating to a fully Cairo 1.0-based network by the end of Q1.

StarkWare has raised a total of $273 million from 7 rounds of financing. In 2018 and 2021, Paradigm helped StarkWare complete its US$30 million Series A financing and US$75 million Series B financing as the lead investor. In May 2022, StarkWare completed another US$100 million Series D financing at a valuation of US$8 billion, led by Greenoaks Capital, Coatue, Tiger Global and other participants. The funds raised will be used for product and business development, engineering design and peripherals Ecosystem development.

Spacemesh

Website: https://starkware.co/

Spacemesh is an open-source programmable cryptocurrency platform powered by a novel Proof-of-Spacetime (PoST) consensus protocol aimed at creating a decentralized blockchain smart contract computer and a People's home PCs all over the world are connected to a virtual computer, which will not generate a lot of energy waste and mine pool problems, and provide a provably safe and incentive-compatible smart contract execution environment.

Website: https://spacemesh.io/

wallet

Argent

wallet

Argent is an Ethereum Layer 2 wallet. It has previously released Argent X, a plug-in wallet supporting StarkNet, and a wallet mobile application supporting zkSync. The Argent mobile application allows storage, sending encrypted assets, and participating in lending, investing, and earning interest.

Argent completed the seed round of financing from Index Ventures and Creandum as early as 2018, completed the $12 million Series A financing led by Paradigm in March 2020, and completed the $40 million Series B financing led by Fabric Ventures and Metaplanet in April 2022 , Paradigm once again participated in the investment.

Phantom

Website: https://www.argent.xyz/

Website: https://phantom.app/

other

Flashbots

other

Flashbots is a platform designed to bring transparency, democratization and sustainable distribution to Maximum Extractable Value (MEV). In September 2022, Flashbots released MEV-Boost v1.0.0, MEV-Boost is designed to be compatible with the standard Ethereum Builder API, which means it is compatible with all consensus and execution clients.

Lightspark

Website: https://www.flashbots.net/

Founded by David Marcus, former head of cryptocurrency at Meta, Lightspark is a company that aims to explore, build and expand the functionality and utility of Bitcoin, and also plans to delve deeper into the Lightning Network.

neeva

In May 2022, Lightspark completed an undisclosed round of financing led by a16z and Paradigm.

neeva is a multi-chain indexing product suite, founded by former Google Ads and Commerce Senior Vice President Sridhar Ramaswamy, that exposes real-time blockchain data through a low-latency API. neeva builds nodes in multiple blockchains, extracts data from them, combines it with off-chain data from IPFS and the network to provide data services.

In October 2022, neev completed a US$40 million financing led by Paradigm, with participation from Coinbase, Sequoia Capital, Greylock, etc.

On neeva, you can search for NFT series, Ethereum addresses, and neeva builds nodes in multiple blockchains, extracts data from them, and combines them with off-chain data from IPFS and the network to provide data services.

Website: https://n.xyz/

Skynet Labs, the developer behind the decentralized storage and application hosting platform Skynet, formerly known as Nebulous, raised $3 million in development funding in 2020 in a funding round led by Paradigm. In August 2022, Skynet Labs announced that it would close down after failing to secure new financing.

DeFi

first level title

Compound

Stablecoin Protocol / Mortgage Lending

Compound is a money market protocol on Ethereum. It has launched the multi-chain lending protocol Compound III. In September 2022, Compound will launch Compound Treasury, an institution-oriented lending service. Certified institutions can choose to use digital assets as collateral from Compound. Get a loan from the Treasury.

In November 2019, Compound completed a $25 million Series A round of financing, with investors including Andreessen Horowitz, Paradigm, Bain Capital Ventures, and Polychain Capital.

Euler

Website: https://compound.finance/#

Euler is a permissionless lending protocol, and Paradigm led Euler's $8 million Series A round.

Jet

Website: https://app.euler.finance/

Jet is a decentralized lending protocol based on Solana. The V2 beta version will be released in August 2022, and the margin system Jet Margin and the fixed-rate market Jet Bond will be launched.

Maker

Jet completed a US$4.8 million seed round of financing in June 2021, with participation from MGNR, Sino Global Capital, and others, followed by another US$6.8 million in financing from Paradigm, Reciprocal Ventures, and others.

Maker is a stablecoin protocol, also known as the multi-collateral Dai system, that allows users to generate Dai by leveraging governance-approved collateral assets. In late 2019, the Maker Foundation sold $27.5 million worth of MKR, approximately 5.5% of the total MKR supply, to Dragonfly Capital Partners and Paradigm.

Reflexer

Website: https://makerdao.com/en/

Reflexer allows users to use collateral to mint the stablecoin RAI, an unpegged stable asset backed by ETH. Reflexer Labs completed a $1.7 million round of financing led by Paradigm in August 2020, and a $4.41 million round of financing led by Pantera and Lemniscap in February 2021.

Yield

Website: https://reflexer.finance/

Yield is a permissionless fixed-rate mortgage lending marketplace, currently live on the Ethereum and Arbitrum mainnets. In June 2021, Yield completed a US$10 million Series A financing led by Paradigm, Framework Ventures, Symbolic Capital Partners, CMS Holdings, Variant, and DeFi Alliance, etc. Paradigm has actually participated in Yield's seed round and incubation from a very early stage, so we can focus on it.

DEX

Osmosis

Link: https://yieldprotocol.com/

Osmosis, a decentralized exchange in the Cosmos ecosystem, sold $21 million in tokens from the Osmosis Foundation vault in October 2021, led by Paradigm.

Uniswap

Website: https://osmosis.zone/

Uniswap is already a leading DEX, and currently supports Ethereum, Polygon, Optimism, Arbitrum, and Celo networks. Recently, the Uniswap community passed a proposal to deploy Uniswap V3 on zkSync.

In addition to trading, Uniswap has also begun to explore NFT this year. In June, Uniswap announced the acquisition of Genie, an NFT aggregation market, and later stated that it will realize NFT transactions through the integration of sudoswap.

On October 13, 2022, Uniswap Labs announced the completion of a US$165 million Series B financing at a valuation of US$1.66 billion. Polychain Capital led the investment, and Andreessen Horowitz, Paradigm, SV Angel, Variant and others participated. Paradigm also participated in the Uniswap seed round and Series A round.

Website: https://uniswap.org/

dYdX

Derivatives/ Structured Products

dYdX is a DeFi perpetual agreement based on StarkEx, the expansion engine of StarkWare. However, in the V4 plan announced in June, it stated that it will use the Cosmos SDK and Tendermint to develop its own application chain and develop a decentralized off-chain order book and matching engine , and transferred from Ethereum to dYdX specific application chain, it is planned to open source dYdX V4 before the end of this year.

dYdX completed a US$65 million Series C financing led by Paradigm in June 2021, with a total financing amount of US$87 million. Other major investors include Three Arrows Capital, DeFinance Capital, a16z and Polychain Capital.

Opyn

Website: https://dydx.exchange/

Opyn is an option agreement that completed a $2.16 million seed round of financing led by Dragonfly in June 2020 and a $6.7 million Series A round of financing led by Paradigm in February 2021.

Ribbon Finance

Website: https://www.opyn.co/

Ribbon Finance is an on-chain structured product that combines options and fixed income features, and will launch the credit market Ribbon Lend in September 2022, allowing users to provide unsecured loans to selected institutional market makers with high liquidity.

In February 2022, Ribbon Finance completed a US$8.75 million Series B financing led by Paradigm.

Synthetix

Website: https://www.ribbon.finance/

Synthetix is ​​a DeFi synthetic asset protocol, and the total asset value currently locked in Synthetix exceeds $260 million. Derivative protocols built on Synthetix include Kwenta, Thales, and Lyra.

Website: https://www.synthetix.io/

other

BetDEX

other

Headquartered in Edinburgh, BetDEX is led by three former executives of the fantasy giant FanDuel. It is a Web3 sports betting exchange built on the Solana ecosystem and powered by the Monaco Protocol, an open source infrastructure for prediction markets. BetDEX is currently in the public beta phase and is expected to launch the mainnet at the end of 2022. On November 1, 2022, BetDEX announced that it was licensed by the Isle of Man Gambling Supervisory Commission (SEC).

BetDEX completed a US$21 million seed round of financing led by FTX and Paradigm in November 2021. Other investors also included Lightspeed Venture Partners, Sino Global Capital, and Solana Ventures.

Exponential

Website: https://www.betdex.com/

Exponential’s product is currently still in the testing phase, and it will establish a rating system focused on the DeFi market, using scores from A (best) to F (worst) to evaluate different pools, tokens, etc., rating indicators include agreement The specific design of the chain, problems that have occurred in the past, dependencies with other projects, etc. Similarly, users can also find DeFi revenue opportunities in it. In addition to the rating system, Exponential will also launch a custodial wallet.

In October, Exponential announced the completion of a $14 million seed round of financing led by Paradigm, with participation from Haun Ventures, FTX Ventures, Solana Ventures, Polygon, Circle Ventures and more than 80 angel investors.

Keep Network

Link: https://exponential.fi/

Keep Network is a decentralized Bitcoin solution on Ethereum, tBTCv2 will allow users to connect Bitcoin to Ethereum in a secure and trustless way to participate in DeFi. In 2021, Keep and NuCypher will merge to form Threshold. Keep Network investors include Paradigm, Fenbushi Capital, ParaFi Capital, etc.

The tBTCv2 client software has been launched in October 2022 and is expected to be minted on the mainnet on January 9, 2023.

Numerai

Website: https://keep.network/

Numerai is similar to a decentralized hedge fund that allows users to build machine learning models based on abstract financial data to predict the stock market. The created learning models allow the use of NMR tokens for staking and are rewarded based on performance.

Website: https://numer.ai/

NFT/ game

Blur

NFT market

Blur is an NFT transaction aggregation market, the team comes from MIT, Five Rings, Brex, Square and Y Combinator, etc. Blur will be launched publicly in October 2022, and will airdrop packages containing BLUR tokens to users who have traded NFTs in the past 6 months. In addition, the airdrop 2 event will start in November, and Blur will officially launch the code in January 2023. currency.

In March 2022, Blur completed an $11 million seed round of financing led by Paradigm, with participation from eGirl Capital, Keyboard Monkey, LedgerStatus, and 0xMaki.

Fractal

Website: https://blur.io/collection/boredapeyachtclub

Launched in December 2021 by Twitch co-founder Justin Kan, Fractal was originally a game NFT marketplace built on Solana for gamers to discover, buy and sell game NFTs. In early November 2022, Fractal announced the launch of Ethereum.

Fractal completed a $35 million seed round of financing led by Paradigm and Multicoin Capital in April 2022, with Andreessen Horowitz, Solana Labs, Animoca Brands and others participating.

Magic Eden

Website: https://www.fractal.is/

Magic Eden started as an NFT marketplace on Solana and has expanded to Ethereum. In October 2022, Magic Eden announced the enablement of optional royalties on the platform, allowing buyers to choose all, half or no royalties, and also launched the NFT upgrade service "Boots", collectors can further customize their NFTs through transaction features, and at the same time Allows creators and artists to enable new revenue streams.

In March 2022, Magic Eden completed a US$27 million Series A financing led by Paradigm, with Sequoia and Solana Ventures participating. In June, Magic Eden completed a US$130 million Series B financing at a valuation of US$1.6 billion. Capital and Greylock co-led the round, with Paradigm and Sequoia Capital continuing to follow.

OpenSea

Website: https://magiceden.io/

OpenSea currently supports Ethereum, Solana, Avalanche, and Klaytn networks, and is the NFT market with the largest user scale and the largest transaction volume.

In January 2022, OpenSea completed a $300 million Series C financing led by Paradigm and Coatue, with a valuation of $13.3 billion. According to Crunchbase, OpenSea's cumulative financing totaled $427.2 million.

Zora

Website: https://opensea.io/

In January 2022, Zora launched the V3 version, which added functions such as "Buy Now" function, instant royalty payment and commission mechanism. After that, the platform successively released ZORA API for developers to easily create their own NFT markets, applications and platforms , and the launch of the Creator Toolkit whitelist function, users can select the corresponding wallet address to allow some community members to conduct early Mint from their personal collections.

first level title

Jambo

NFT items and games

Jambo is building an African Web3 super application, and hopes to introduce African users into the Web3 financial ecosystem through games and DeFi services. For example, it will cooperate with social media to enable users to watch content to earn tokens and provide a "play while earning" game infrastructure. Currently Jambo is not available yet.

Jambo received US$7.5 million in seed round financing in February 2022. Coinbase Ventures, Three Arrows Capital, Alameda Research, Tiger Global, Delphi Ventures, etc. participated in the investment. Three months later (that is, in May), Jambo completed the investment led by Paradigm. $30 million in Series A financing.

Limit Break

Website: https://jambo.technology/

In August 2022, Limit Break, the parent company of the NFT project DigiDaigaku, completed two rounds of financing totaling US$200 million. The two rounds of financing were led by Josh Buckley, Paradigm and Standard Crypto, and participants included FTX, Coinbase, Positive Sum, Shervinator and Anthos Capital et al. The financing will be used to develop the Web3 MMO game.

Lootrush

Limit Break stated that the newly developed game will introduce the Free to Own (F2O) game model with reference to the traditional free game model, and the new NFT will be distributed based on airdrops and other methods carried out by Genesis NFT, and will not involve various fundraising strategies.

Lootrush is a blockchain gaming platform similar to Steam. In May 2022, it completed a $12 million seed round led by Paradigm, with participation from Andreessen Horowitz (a16z), Y Combinator, etc.

On Lootrush, users can choose games, list NFTs, and set revenue percentages for rental by other players, earning token rewards without management.

Sky Mavis

Website: https://www.lootrush.com

first level title

other

ArenaX Labs

other

ArenaX Labs is the parent company of AI Arena, an Ethereum native game project. In October 2021, it completed a $5 million seed round of financing led by Paradigm, with Framework participating.

In AI Arena, players can purchase, train, and battle AI-powered NFT characters in a PvP platform fighting game. In addition, AI Arena will also introduce a native token called Neurons (NRN) to promote economic activities in the platform ecosystem, and the token will be released after the game is launched.

According to AI Arena's official website, the game is expected to be officially released in the first quarter of 2023, and the first generation of NFT will be released before the game's mainnet goes live.

Blitmap

Website: https://aiarena.io/

Blitmap is a decentralized sci-fi story project owned by Loot founder Dom Hofmann. It completed a $12 million seed round of financing in February 2022, led by Paradigm.

Hang

Blitmap is a set of NFT projects with a total of 1,700 pixel works. Of these 1,700 pixel works, 100 are original works, and the remaining 1,600 are called "Siblings" synthetic works - synthetic works are composed of any two original works Synthesis, users with Blitmap NFT can jointly decide the key features of the story world, the community will also make decisions around the commodity together, and may have potential P2E functions.

Hang is an NFT brand loyalty platform that plans to use NFT to motivate customers with rewards and perks. It has established partnerships with brands such as Budweiser and Pinkberry.

In July 2022, the NFT membership platform Hang completed a US$16 million Series A financing led by Paradigm. Participating investors included Tiger Global, 35 Ventures, Night Ventures and Warby Parker, as well as Allbirds founder Good Friends, etc.

Mad Realities

Website: https://www.hang.xyz/

Mad Realities is reimagining entertainment for the modern world powered by encryption. In April 2022, Mad Realities completed a $6 million seed round led by Paradigm.

Praxis

Website: https://madrealities.xyz/

Praxis is a community of future city dwellers including founders, creatives, investors and everyone in between. Praxis is actively engaging with landowners and governments to design economic and political systems, construct buildings and infrastructure, and bring together the people who live there.

Praxis completed a $15 million Series A round led by Paradigm in March 2022.

Royal

Website: https://www.praxissociety.com/

Founded by electronic dance music artist and NFT backer 3LAU (Justin Blau), Royal is building a music platform that makes it easy to invest in artists and earn royalties with them. In August 2021, Paradigm and Founders Fund jointly led Royal's $16 million financing.

Showtime

Website: https://royal.io/

Showtime is more inclined towards NFT social, allowing creators and collectors to display their NFTs, including but not limited to digital art, videos, etc. In May 2021, Paradigm and 3LAU invested $7.6 million in Showtime.

Tessera

Website: https://showtime.xyz/

Tessera (formerly Fractional) is an NFT fragmentation protocol. It completed a $7.9 million seed round of financing led by Paradigm about a year ago. In August 2022, Paradigm once again led Tessera’s $20 million financing and changed its name to Tessera , other participating parties also include Uniswap Labs, E Girl Capital and Focus Labs.

DAO

Dework

Website: https://tessera.co/

In February 2022, the Web3 project management tool Dework announced its official launch. Project parties can create tasks for community users to claim, and can also set up bounty tasks. After building their personal profile, users can obtain on-chain certificates (such as NFT) by completing Dework tasks and display them in their profile. Dework was founded by Lonis Hamaili, co-founder of product recommendation company Depict.ai.

In June 2022, a US$5 million seed round of financing was completed, led by Paradigm and Pace Capital, and individual investors included former Coinbase CTO Balaji Srinivasan and Polygon founder Sandeep Nailwal.

Gitcoin

Website link: https://dework.xyz/

Gitcoin, an open-source funding platform, has previously helped multiple projects raise funds through secondary funding through 15 grant rounds. The project will gradually shut down the existing cGrants platform and will focus on building out and transitioning to the new grants protocol, Grants Protocol. In addition to hosting the Gitcoin Grants Program, Grants Protocol will allow any community, ecosystem or individual to run their own grant rounds and will create quadratic funding rounds out of the box.

In April 2021, Gitcoin completed an investment of US$11.3 million led by Paradigm, and IDEO, 1kx, Electric Capital, etc. also participated in the investment.

Utopia

Website link: https://gitcoin.co/

Utopia is a salary and expense management system for DAOs. The public beta version of Utopia Core will be released in February 2022. It can be directly integrated with multi-signature encrypted wallets, making it easier for large DAOs to pay their main contributors to manage who needs to get paid. And who needs to pay back what.

https://www.utopialabs.com/

Utopia completed $1.5 million in financing in October 2021, led by Kindred Ventures In early June 2022, Utopia announced the completion of a $23 million Series A round led by Paradigm, Kindred Ventures, Circle Ventures, Gusto, Coinbase Ventures, Infinity Ventures Crypto, Distributed Global and others participated in the investment.

Exchange/ Financial Services Company

Exchanges and digital asset brokerages Paradigm has invested in include Coinbase, Indian cryptocurrency exchange CoinSwitch Kuber, FTX, FTX US, Middle Eastern crypto exchange Rain Financial, Latin American exchange Bitso, and digital asset brokerage Tagomi (acquired by Coinbase in 2020). acquisition).

Amber

Regarding other encrypted financial service providers that Paradigm has invested in, there are the following:

Amber is a Hong Kong-based encrypted financial service provider. It completed a US$28 million Series A financing led by Paradigm and Pantera Capital in February 2020, and completed a US$100 million Series B financing at a valuation of US$1 billion in June of the following year.

Amber's initiatives this year include the launch of the incubation and research department Amber Labs and the eco-fund Amber Eco Fund, and the acquisition of DeCurret, an encrypted asset trading service provider registered with the Japan Financial Services Agency (FSA) (DeCurret has changed its name to "Amber Japan").

BlockFi

Website: https://www.ambergroup.io/

BlockFi is a one-stop cryptocurrency financial service platform. Founded in 2017, it provides cryptocurrency trading, lending and other services, and its valuation once reached $5 billion. However, it was revealed that BlockFi had provided 3AC with a loan of approximately US$1 billion. The collateral was two-thirds of Bitcoin and one-third of GBTC. The mortgage rate was 130%, and BlockFi had been liquidated. In June of this year, sources said that BlockFi's valuation has fallen below $500 million, and FTX may be able to replace loans with equity.

According to Crunchbase data, BlockFi raised a total of US$1.4 billion in 13 rounds of financing. Paradigm participated in the US$350 million Series D financing completed in March 2021.

Citadel Securities

Website: https://blockfi.com/

Citadel Securities provides a wide range of equity and fixed income products to central banks, financial institutions, government agencies, corporates, insurance companies and sovereign wealth funds.

$1.15 billion investment.

Fireblocks

Website: https://www.citadelsecurities.com/

Fireblocks is a crypto asset custody platform that provides a secure infrastructure for transferring, storing and issuing digital assets.

Fireblocks completed a $30 million Series B financing led by Paradigm at the end of 2020, and completed a $550 million Series E financing in January 2022, with a valuation of $8 billion and a total financing of more than $1 billion.

Matrixport

Website: https://www.fireblocks.com/

Website: https://www.matrixport.com/

other

Blowfish

other

Blowfish is a Web3 firewall technology provider designed to help Web3 companies defend against cyber attacks, and in the future will allow wallet providers and custodians to provide users with real-time warnings and human-readable transaction information. Blowfish currently supports Solana, Ethereum and Polygon.

At the end of September, Blowfish, a Web3 firewall technology provider, completed $11.8 million in financing, led by Paradigm, with participation from Dragonfly, Uniswap Capital, Hypersphere and Ravikant Capital. This round of financing will be used to upgrade its fraud detection engine.

Chainalysis

Website: https://blowfish.xyz/

Chainalysis provides data, software, services, and research to government agencies, exchanges, financial institutions, and cybersecurity companies. According to a Crunchbase summary, Chainalysis has so far raised $536.6 million in 10 rounds of financing, of which Paradigm led the round in its $100 million Series D round completed in March 2021.

Genesis Digital Assets

Website: https://www.chainalysis.com/

Gauntlet 

Genesis Digital Assets is a cryptocurrency mining company. Genesis Digital Assets' total funding to date exceeds $430 million, according to a Crunchbase aggregate.

Gauntlet is an on-chain risk simulation platform that provides financial modeling and simulation tools for the cryptocurrency industry, focusing on capital efficiency and risk. Aave, Compound, and SushiSwap are all its customers.

In October 2020, Gauntlet received US$4.3 million in financing led by Paradigm. In March 2022, it completed a US$23.8 million Series B financing at a valuation of US$1 billion. Ribbit Capital led the investment, and Paradigm continued to follow suit.

MoonPay

Website: https://gauntlet.network/

Launched in 2019, MoonPay aims to accelerate the adoption of transactional currencies, and is currently available and has been integrated by leading platforms such as MetaMask and OpenSea. In January 2022, MoonPay launched a solution "NFT Checkout" that allows users to purchase NFT instantly with a credit or debit card. NFT Checkout does not require users to carry out KYC, and allows users to purchase NFT on any blockchain,

In November 2021, MoonPay completed a US$555 million Series A financing, with participation from Tiger Global Management, Coatue, Paradigm, etc., and a post-investment valuation of US$3.4 billion.

Namebase

Website: https://www.moonpay.com/

Namebase is the developer of Domain Handshake, Handshake TLDs are distributed via on-chain Vickery auctions, the highest bid determines the winner of the auction, and the highest bidder only pays the second highest bid. In February 2022, Namebase was acquired by Namecheap.

TaxBit

Website: https://www.namebase.io/

TaxBit is a crypto asset taxation and accounting platform for consumers, businesses and governments. In March 2021, TaxBit completed a US$100 million financing jointly led by Tiger Global and Paradigm. In August of the same year, it completed a US$130 million financing at a valuation of US$1.333 billion. IVP and Insight Partners led the investment, and Paradigm continued to participate in the investment.