Paradigm Broadening Crypto-only Focus To Areas Including AI

Crypto venture capital firm Paradigm, one of most established and active players in the space, is going beyond just blockchain and highlighting a focus on a broader array of "frontier tech" that includes artificial intelligence, two sources with knowledge of the matter told The Block. From a report: The change is subtlety visible on the firm's website, with the company now calling itself a "research-driven technology investment firm" as opposed to one that specifically invested in âoedisruptive crypto/Web3 companies and protocols.â The revision appears to have gone live around May 3, according to the Wayback Machine that's operated by the Internet Archive. A line that said "we believe crypto will define the next few decades" was removed from the home page, which now makes no mention of web3 or blockchains. One source who was not authorized to speak publicly said the change didn't mean the company was shying away from crypto but rather highlighting its reach into adjacent areas.

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