Tag: Paradigm

FTX partners with Paradigm for ‘one-click’ futures spread trading

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Digital asset investment firm Paradigm has announced the launch of spreads trading in partnership with crypto exchange FTX. In a Friday blog post, Paradigm said under the FTX partnership users would be able to utilize “one-click” trading with “no leg risk” for the spread between spot, perpetuals and fixed maturity futures on Bitcoin (BTC), Ether (ETH), Solana (SOL), Avalanche (AVAX), ApeCoin (APE), Dogecoin (DOGE), Chainlink (LINK) and Litecoin (LTC). FTX will provide “guaranteed atomic execution and clearing of both legs” for the trades. According to Paradigm CEO Anand Gomes, the…

Paradigm Leads $16M Funding Round for Hang

“Hang offers brands a new way to offset these acquisition costs and increase the value of their existing user base, by harnessing the unique advantages of NFT technology to transform the relationship they have with their customers and build a new one rooted in shared incentives, reciprocity and community,” he added. Source 16MfundingHangLeadsParadigm CryptoX Portal

Paradigm Leads $16M Round for NFT Membership Platform Hang

Hang, a Web3-powered platform connecting brands with members, launched Thursday and announced raising $16 million in a Series A round led by Paradigm. The funding will be used to double down on the expansion of the product, engineering and go-to-market teams with a focus on “speed and scaling,” Hang co-founder and CEO Matt Smolin told CoinDesk in an email. Source

Paradigm and Pace Capital Backs DAO Management Platform Network in $5M Seed Funding Round

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 Dework, a startup that aims to be a combination of Trello and LinkedIn for Web3, raised $5 million in a seed funding round co-led by crypto investing giant Paradigm and early-stage venture capital firm Pace Capital. According to the founder and CEO of Dework, Lonis Hamaili, “The fresh capital will help Dework expand from its current three-person core team and several contributors.” In a draft blog post provided to CoinDesk, it explains the mission of the Web3 platform: “Dework is a Web 3-native collaboration tool where decentralized autonomous…

Paradigm Backs $5M Round in DAO Management Platform Dework

Dework, which aims to be a combination of Trello and LinkedIn for Web 3, raised $5 million in a seed funding round that was co-led by crypto investing giant Paradigm and early-stage venture capital firm Pace Capital. The fresh capital will help Dework expand from its current three-person core team and several contributors, founder and CEO Lonis Hamaili told CoinDesk in an interview. Source

Indian Government Finalizing Crypto Consultation Paper — ‘We Are Looking at a Global Paradigm on Digital Assets’ – Regulation Bitcoin News

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India’s economic affairs secretary has reportedly revealed that the government’s consultation paper on cryptocurrency is “fairly ready.” He explained that the Indian government is looking at “a global paradigm on digital assets,” emphasizing that “There has to be a broad framework on which all economies have to be together.” Economic Affairs Secretary Ajay Seth on Crypto Indian Economic Affairs Secretary Ajay Seth provided an update Monday on the government’s progress to establish India’s crypto policy. Speaking about the government’s consultation paper on crypto, he was quoted by CNBC TV18 as…

Paradigm, A16z Back $12M Round for Blockchain Game Platform LootRush

Popular play-to-earn game Axie Infinity is currently the only game available to play on LootRush. Users can create an account quickly with a username and password, select the playing program that best suits their needs and then pay a small entry fee and, if desired, the NFT rental fee using a payment card. The platform plans to roll out additional titles throughout the year, including CryptoKitties and NBA Top Shot. Source link

Content creators introducing a new paradigm with NFTs

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Nonfungible tokens (NFT) have created an environment where artists can take control of their work and finances. Experts agree that artists and creators that tokenize their work and issue it as NFTs no longer have to deal with third-party intermediaries.  Although galleries have traditionally done the leg work in attracting buyers, they are seeing their utility diminish as cheaper decentralized apps (DApps) make it easy for investors to connect directly with their favorite artists. This is creating a new paradigm in the creator economy driven by NFTs. As the creator…