Permissionless Restaking Protocol Symbiotic Launches Raising $5.8 Million in Seed Round

Symbiotic, a permissionless restaking protocol, has recently launched, allowing other protocols to provide shared security through asset restaking. At the same time, Symbiotic announced it had raised $5.8 million in its seed funding round led by Paradigm and Cyber.fund, which will be used to further its decentralized mission. Symbiotic Restaking Protocol Raises $5.8 Million in … Read more

Paradigm Secures $850 Million for Third Crypto Fund, Targets Early-Stage Projects

On June 13, the leading San Francisco-based crypto-focused venture capital firm Paradigm revealed it has secured its third fund, totaling $850 million, aimed at early-stage crypto projects. Paradigm Announces $850 Million Fund Established in 2018 by Coinbase co-founder Fred Ehrsam and ex-Sequoia partner Matt Huang, Paradigm ranks among the leading crypto investment firms, overseeing billions … Read more

Fred Ehrsam Predicts Future Crypto Growth Driven by Demographic Shifts

In a recent social media post, Fred Ehrsam, co-founder of Coinbase and crypto investment firm Paradigm, predicts that the cryptocurrency market will continue to gain momentum due to the growing influence of younger generations. He points out that ownership of crypto assets is currently highest among the 18-45 age group, with a significant drop-off after … Read more

Farcaster Secures $150M in Funding, Reaches $1B Valuation With Backing From Paradigm

Farcaster, a decentralized social media platform leveraging the Ethereum blockchain and Optimism’s Layer two ecosystem, has successfully raised $150 million in a funding round led by Paradigm, bringing its valuation to $1 billion. The funds will be used to sustain the project’s development, focusing on growing its user base and enhancing developer tools, after the … Read more

Paradigm Tries Again at Crypto: Seeks to Raise at Least $750 Million to Launch New Fund

Paradigm, one of the largest venture capital firms in the crypto space, is gearing up to reenter the crypto VC arena. According to reports, the firm is in talks with third parties to launch a $750 – $850 million crypto-focused investment fund, the largest since its previous $2.5 billion venture fund launched in 2021. Paradigm … Read more

Succinct Labs Raises $55M to Propel Zero-Knowledge Proofs Into Mainstream Development

On Thursday, Succinct Labs, a startup dedicated to democratizing zero-knowledge proofs, unveiled that it had secured $55 million in funding through both seed and Series A rounds. Paradigm took the lead in this financial boost, with additional support from entities like Robot Ventures, Bankless Ventures, Geometry, and ZK Validator, among others. Succinct Labs Nets $55M … Read more