Co-Founder & Managing Partner at Paradigm
Protocol-level investments and new financial primitives. Open-source money, programmable economics, governance, mechanism design.
Fred values strong technical teams with novel mechanism design. Show how your protocol creates new economic primitives.
Novel mechanism design, protocol-level innovation, governance experiments, new economic primitives
Forks without innovation, governance theater, projects that could work without a token
Best protocols reduce governance surface area over time, becoming more credibly neutral
Protocols that are most composable become the hardest to displace
“Developer tooling adoption is the best leading indicator for ecosystem health.”
— Medium
“The goal of governance should be to make itself unnecessary over time.”
— Blog
“NFTs are the Lego blocks of the ownership economy.”
— Blog
NFTs enable direct creator-fan economic relationships
Breaking down DeFi infrastructure layers
How projects should think about distributing tokens
Best protocols minimize governance over time
Blockchains enable open markets for AI training data and models.
+ 226 more investments. View fund →