Cryptocurrency venture capital firm Paradigm removes the description of cryptocurrency from its homepage and expands its investment scope to the AI field

ChainCatcher news, the cryptocurrency venture capital firm Paradigm has changed its website wording from "Paradigm funds disruptive crypto/Web3 companies and protocols with as little as $1 million and as much as over $100 million" to "Paradigm is a research-driven technology investment firm," and has removed expressions related to cryptocurrency/Web3 such as "We believe cryptocurrency will define the coming decades."

According to The Block, citing informed sources, Paradigm is shifting its focus from solely cryptocurrency to also include "frontier" technologies like artificial intelligence. People familiar with the strategy indicate that the company has not changed its mission and continues to focus on cryptocurrency and web3. The updated website copy aims to emphasize its technological research and points out that Paradigm has supported companies exploring new technologies, such as AI Arena, as part of its core strategy. (source link)