Backs transformative crypto protocols and infrastructure. Crypto is the most important tech revolution since the internet.
Novel cryptographic primitives, new financial infrastructure, teams with deep research backgrounds
Me-too products, incremental improvements, teams without technical depth
Show deep technical understanding. Paradigm invests at all stages. Strong preference for infrastructure and protocol-level innovation.
Crypto-native virtual worlds with true ownership beat closed platforms on creator economics and user sovereignty.
Invest in things uniquely enabled by crypto, not ports of existing services
Best returns come from backing infrastructure layers everything else builds on
Crypto will rebuild financial infrastructure from the ground up, creating new coordination primitives.
An open metaverse built on crypto rails beats any closed platform.
“We're still in the early innings of the crypto revolution.”
— Paradigm
“Crypto is the rare case where the technology is so transformative that the investment opportunities are almost a side effect.”
— Interview
“The best crypto founders are building things that could not exist without blockchains.”
— Bankless
Co-founder of Paradigm. Former Sequoia partner. Early ByteDance investor. MIT dropout. Math olympiad gold medalist.