Paradigm.xyz – Cloudflare customer – (United States)
The .xyz community continues to grow with unique blockchain and crypto-focused businesses founded by accomplished tech entrepreneurs. Newly rebranded Block.xyz, co-founded by technology billionaire and Twitter co-founder Jack Dorsey, develops popular financial services including leading credit card reader Square and Bitcoin-focused Square Crypto project Spiral.xyz. DAO-governed Universe.xyz, co-founded by early Ethereum investor Tim Kang, helps you mint NFTs and launch your own community-driven NFT universe. Crypto wallet Monolith.xyz, founded by Dutch entrepreneur and investor Mel Gelderman, aims to make it easier for users to buy, store, and spend their cryptocurrency in the real world. This week’s #WebsiteWednesday features the company website of record-breaking Web3-focused venture capital firm co-founded by Forbes-featured billionaire Fred Ehrsam: Paradigm.xyz.
Paradigm.xyz is a Web3 and crypto-focused venture capital firm. This past November, Paradigm.xyz announced a $2.5 billion venture fund, the largest cryptocurrency fund as of publication. The San Francisco-based firm was founded by one of Forbes’ richest people in America, Fred Ehrsam, and former Sequoia Capital partner Matt Huang. Fred Ehrsam, known for co-founding the leading cryptocurrency exchange Coinbase, has also created his own portfolio website at FEhrsam.xyz. He has appeared on such Forbes lists as 400 2021 Richest People in America and World’s Billionaires 2021, as well as Time Magazine’s 30 People Under 30 Changing the World. Fred departed Coinbase in 2017 before launching Paradigm.xyz, but remains on the Coinbase board and owns approximately 6% of its stock.
Paradigm.xyz is focused on investing in Web3-based companies, including emerging technology-focused platforms like DAOs, NFT marketplaces, and decentralized finance applications like cryptocurrency exchanges. In the first quarter of 2020, the firm led a $12 million funding for crypto wallet startup and previously featured member of the .xyz community, Argent.xyz1. The decentralized cryptocurrency wallet combines a simple interface with leading security features, designed to offer a better overall experience for crypto traders. Leading online cryptocurrency market analysis publication Bankless says “Argent offers a glimpse at the future of crypto wallets.”2 Decentralized finance protocol Uniswap is another example of a well-known company in Paradigm’s investment portfolio. This decentralized exchange protocol helps any user with a compatible crypto wallet and some ETH to easily swap crypto assets. Uniswap has grown to become the largest DeFi cryptocurrency exchange (DEX) by trading volume.3
Many accomplished tech entrepreneurs like Fred Ehrsam are launching their Web3-focused businesses and innovative projects on .xyz domains. We look forward to seeing more of Paradigm.xyz’s investments unfold. You can learn more by following them on LinkedIn and Twitter, and by visiting Paradigm.xyz.
1 https://www.coindesk.com/business/2020/03/09/paradigm-leads-12m-round-for-defi-friendly-wallet-startup/
2 https://newsletter.banklesshq.com/p/how-to-use-zksync
3https://www.statista.com/statistics/1263110/biggest-dex-in-the-world/
XYZ is proud to share about the many incredible members that make up the XYZ community! We encourage you to do your own research before using the products and services of the websites we feature. The information about products and services contained in this blog post does not constitute endorsement or recommendation by XYZ.
