Over the past few years, cryptocurrencies have flourished , creating several paths for new business opportunities. Over a thousand companies have debuted in the crypto sector with many debutants bowing out early.
Paradigm, a crypto investment firm, has structured a plan to raise as much as $850 Million in fresh funding after Bitcoin (BTC) recovery. In March 2024, BTC traded at its all-time high of $73,750.
The firm aims to attract at least $750 Million. On November 15, 2024, Paradigm raised $2.5 Billion.
According to RootData, Optimism, Blast, Flashbots, Amber Group, UniSwap, Lido, Magic Eden, StarkNet, and Blur, among several other firms, secured funding from Paradigm.
Paradigm was co-founded by Matt Huang and Fred Ehrsam in 2018 in the United States. According to the available information, FTX, now a bankrupt centralized cryptocurrency exchange, has received funding from Paradigm.
Matt Huang claimed to be in close contact with Sam Bank Fried. However, he never publicly
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