Paradigm Broaden its Crypto-only Investment Strategy to include AI

May 26, 2023

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.

This article is for informational purposes only. It is not offered or intended to be used as investment or other advice.

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