The largest crypto asset fund in history of 285 billion yen appears
Paradigm, an investment company specializing in crypto assets, announced on November 15, 2021 that it has created a $ 2.5 billion crypto asset fund. A fund of this size is considered to be the largest crypto asset-related fund in history.
Paradigm's New Venture Fund --Paradigm
Paradigm Co-Founder on Record $ 2.5B Fund and Next Era of Crypto --Decrypt
https://decrypt.co/86126/paradigm-2-5-billion-crypto-fund-matt-huang
Paradigm Launches $ 2.5 Billion Crypto Fund --Blockworks
https://blockworks.co/paradigm-launches-2-5-billion-crypto-fund/
Paradigm, a crypto asset investment company, is a venture capital firm founded in 2018 by Fred Ehrsam, one of the founders of the crypto asset exchange Coinbase, along with investor Matt Juan. To date, the company has been involved in more than 40 investments, including crypto assets projects such as Uniswap, FTX, Fireblocks, BlockFi and Matrixport, with a recent report showing a return rate of 200% in the first half of 2021. That thing.
Juan and Yale Sam updated Paradigm's official blog on November 15: 'We are launching a new $ 2.5 billion venture fund to continue investing in next-generation crypto companies and protocols. This fund will invest in a wide range of businesses, regardless of region or stage, along with existing flagship funds. ' According to Decrypt, a news media related to crypto assets, this $ 2.5 billion is the largest crypto asset company in history.
'The emergence and size of this new fund reflects that crypto assets are the most exciting frontier in the tech industry. Cryptocurrency has grown significantly over the last decade, but Less than 10% of the world's population owns crypto assets, and the decentralized financial (DeFi) system has grown to a cumulative wealth of over $ 100 billion. Web3 also has tens of millions of users, but still more than the existing Internet used by billions of people, 'said Cryptocurrency. He emphasized the growth potential of the asset industry and the significance of investing in it.
Venture capital such as Accel, Kleiner Perkins, and Sequoia, to which Juan belonged before launching Paradigm, is known to destroy common sense in various industries, but it will rebuild the venture capital mechanism itself. There has never been such a move. However, with the development of financing methods such as token issuance and decentralized autonomy (DAO) , the environment surrounding venture capital is also changing.
Well-known venture capital firms such as Andreessen Horowitz, who established a 240 billion yen crypto fund in June after many crypto projects have access to financing methods that do not go through investment companies. Has begun to restart as a fund specializing in crypto assets. In addition, many crypto asset native investment companies have all begun to enter the crypto asset project, including Paradigm.
Decrypt said of the establishment of the crypto asset fund, 'Paradigm's successful financing of $ 2.5 billion and the attention of many investors is proof of Paradigm's success so far. It's also a sign of the company's expectations for the future. The results will be a few years away, but by that time the world of crypto assets will be clear. '
Related Posts:
in Note, Posted by log1l_ks