Crypto venture capital firm Paradigm has shifted its focus to include emerging technologies like artificial intelligence (AI), according to insiders. The company's website, now describing itself as a "research-driven technology investment firm," has removed mentions of blockchain and Web3.

The move is seen as a rebrand following cryptocurrency collapses and rising regulatory uncertainty in the US. However, sources say the change highlights the company's reach into adjacent areas and does not represent a retreat from the crypto market. Paradigm continues to focus on crypto and Web3, with its portfolio still listing dozens of firms associated with decentralized finance and non-fungible tokens.

Matt Huang, the co-founder of Paradigm, tweeted today: "Never been more excited about crypto". The tweets seem to be a response to the market perception that Paradigm is retreating from Crypto investment.