Golden Observation｜Inventory of Paradigm's investment distribution in the past six months

The cryptocurrency market is never short of myths.

November 15, 2021 Cryptocurrency Investment Company

Announced the establishment of a $2.5 billion encryption venture fund, the new fund will invest in cryptocurrency companies across all stages and geographies alongside the firm's flagship fund.

This is the largest cryptocurrency venture fund ever, surpassing the $2.2 billion fund raised by Andreessen Horowitz ( A16Z ) in June of the same year (the $4.5 billion fund raised by A16Z in January this year has not yet been updated).

After half a year, Jinse Finance took stock of Paradigm's latest investment situation.

In the past six months, Paradigm's investment has focused on web3 applications, focusing on chain games: Jambo, LootRush, Mad Realities, Fractal, Sup, etc. and NFT markets such as OpenSea and Blur; in addition, the blockchain infrastructure is also a focus of Paradigm, including The latest investment in Bitcoin Lightning Network Lightspark, Aztec Network, Starkware, encrypted payment platform Moonpay, etc.

Of these investments, Paradigm has invested in 7 seed rounds. Notable among these is Lightspark, the Bitcoin lightning network company.

Lightspark was founded in April by Meta cryptocurrency director David Marcus to explore, build and expand the functionality and utility of Bitcoin. Currently, Lightspark is actively building a team to gain a deeper understanding of the Lightning Network. Paradigm co-founder Fred Ehrsam commented on this: "Cryptocurrency is the clear settlement layer of the future."

We also noticed that Paradigm, like a16z (investing in African game startup Carry 1st), has begun to pay attention to the encryption market in Africa. Jambo is Paradigm's first investment project in Africa. The cryptocurrency market in Africa has increased by 1200% in the past year. As blockchain and financial investors and enthusiasts, they are very optimistic about the development prospects of web3 in Africa. Jambo aims to introduce young people in Africa into the Web 3 financial ecosystem through P2E games and DeFi services (including currency exchange and remittance). NFT, experience P2E games.

In addition, MoonPay, a project that Paradigm participated in, has now become a star project.

On the whole, Paradigm’s investment in the past six months is relatively conservative, and the frequency of sales is relatively small. The investment targets are relatively urban infrastructure, NFT/cryptocurrency trading platforms, and the current hot Web3 applications.