A glance at Paradigm's recent layout: BaaS and infrastructure are the main investment directions

PANews

特邀专栏作者

2023-06-02 11:30 (UTC+8)

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Although he moved to AI, the projects laid out by Paradigm still cannot be ignored.

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Although he moved to AI, the projects laid out by Paradigm still cannot be ignored.

Original author:Surf,Crypto KOL

Original Compilation: Felix, PANews

Original author:

Crypto KOL

Original Compilation: Felix, PANews

Paradigm is considered to be 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 still deserve traders' attention. This article is about 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
Artificial Intelligence (New)

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Emerging Technologies (New)

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Paradigm's recent investments have focused on Blockchain as a Service (Blockchain as a Service) and blockchain infrastructure. However, with their recent focus on emerging technologies, AI is another hot narrative that Paradigm hopes to capture.

ETH: $187.9 million

LDOs: $154 million

Comparison with other VC fund holdings (ERC-20 tokens):

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Source: VC trackooor dashboard by defi_mochi

As of June:

Paradigm's holdings are $142.8M (only LDO holdings shown).

Jump’s total holdings are about $96.56 million, with the largest holdings being USDC ($20.59 million) and wETH ($15.33 million).

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).

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)

Conduit

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Top 5 Cryptocurrency Investments for Q1 2023

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Funding: $7 million, seed round
Other investors: Robert Miller, Ludwig Pettersson, Dan Romero, Guillaume Poncin, Joshua Ma and Lakshman Sankar.

Ulvetanna

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 OP.

It aims to provide a more accessible and cost-effective solution for projects looking for their own dedicated rollup.

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Funding: $15 million, seed round
Lead investor: Bain Capital Crypto and Paradigm
Ulvetanna is a ZKP hardware infrastructure company.

code 4 rena

They build hardware to speed up the process of generating ZKPs.

Focus on generating ZKP for L2 zk EVM network

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Funding raised: $6 million, token purchase funds
Other investors: none

Code 4 rena provides a transparent and gamified alternative to traditional auditing.

Provide incentives for independent auditors to compete to find bugs.

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nxyz (Q4 2022)

Funding raised: $40 million
Other investors: Coinbase Ventures, Greylock Partners, Sequoia, Balaji Srinivasan, Jaynti Kanani, Jing Wang, Packy McCormick, Surojit Chatterjee, and Ryan Selkis.

A multi-chain indexing product suite that exposes real-time blockchain data through a low-latency API.

It aims to enable builders to build a better Internet by providing a more efficient blockchain index and data infrastructure.

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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

Provide users with a DeFi investment rating system (A to F)

ArenaX Labs

Paradigm's recent shift from a cryptocurrency focus to now potentially include emerging tech/AI as part of its portfolio is a means of diversification and may follow in the footsteps of A16z in investing more in AI.

Here’s a look at the AI-related projects Paradigm has invested in:
Funding: $5 million, October 2021