Paradigm —— What happened to the crypto pioneer Paradigm?
Paradigm is known as 'Paladin' in the Chinese-speaking community, symbolizing 'Genie, Genie, come forth quickly.' It is considered a benchmark for crypto-focused venture capital, having made substantial profits during the previous bull market.
However, in recent years, its investments in various projects have all ended abruptly, without clear outcomes.
Who knows that Paradigm had already been tracking and investing in prediction markets as early as 2019, yet failed to seize the opportunity with Polymarket? Why did it keep placing heavy bets on Kalshi across three consecutive rounds?
Employee departures, portfolio losses, and the founder stepping in personally to lead a new project—this time, is it a glimpse into the future or a last-ditch effort?
Today, let's talk about this indispensable player in the crypto VC world!
