Paradigm to expand its investment focus to "cutting-edge technology"

Venture capital firm Paradigm plans to go beyond its Web3 investments and expand its focus on advanced technologies, including AI. The Block reports this, citing sources familiar with the situation.

Earlier this month, references to Web3 and cryptocurrencies disappeared from the firm's official website, but the publication writes that "this change does not mean the company is shying away from cryptocurrency."

"The company has not changed its mandate and will continue to focus on crypto and Web3 without any practical changes," the source says.