To choose a project with huge airdrop potential, we will need to depend on many different factors, one of the most important factors that everyone can look at is the project. invested by large investment funds, especially Paradigm. So everyone, let’s join Weakhand to learn about 5 potential projects invested in by Paradigm in this article.
Below are some other projects that also have airdrop potential that people can refer to:
- Retroactive DeBank Hunting Guide
- Retroactive Hunting Guide Project zkSync Era
- Retroactive LayerZero Hunting Guide
- Retroactive Linea Network Mainnet Hunting Guide
Overview of Paradigm Investment Fund
Paradigm is a venture capital fund in the Crypto market established in 2018 by two co-founders, Fred Ehrsam who used to work at CoinBase and Matt Huang who was a former manager of Sequoia. Paradigm’s investment style is usually to select potential projects and then accompany them for a long time to build and develop products.
At the end of 2021, the Paradigm investment fund called for $2.5B to invest in the Crypto industry, this amount made Paradigm the largest investment fund in the industry when surpassing Andreessen Horowitz or a16z with a fund worth $2.2B calls were in before.
It can be said that Paradigm is the one who initiated the airdrop movement in the DeFi market with the first shot being Uniswap, according to which all users using the AMM DEX platform before the token launch will receive 400 tokens. UNI is free. The number of tokens that each person received in this airdrop was worth more than $12K at the peak of the UNI token.
In addition to Uniswap, there are also many other projects that Paradigm has invested in with huge airdrops, such as:
- Optimism: Airdrop from 300 to 50000 OP tokens.
- dYdX: Airdrop from 310 to 100,000 DYDX tokens.
- Blur: Airdrop from a few thousand to millions of BLUR tokens.
5 Potential Airdrop Projects Invested In By Paradigm
Starknet
Starknet is a Layer 2 built on the Ethereum network using Zero Knowledge Rollup or ZK Rollup technology. The Starknet network is developed by StarkWare corporation, which is also the parent company of other names such as dYdX, ImmutableX,… that have airdropped.
Paradigm Investment Fund has participated in 4 out of 7 total capital raising rounds of StarkWare including:
- Series A: Raised a total of $30M and was led by Paradigm along with Sequoia Capital, in addition to the participation of Pantera Capital, Multicoin Capital, ConsenSys,…
- Series B: Raises a total of $75M and is led by Paradigm with participation from Sequoia Capital, Pantera Capital,…
- Series C: Raising a total of $50M at a $2B valuation, Paradigm participated but did not lead this funding round.
- Series D: Raising a total of $100M at a valuation of $8B, Paradigm also participated in this funding round but did not lead.
Currently, Starknet has also announced a token with the code STRK to be launched on Ethereum, but it is currently not listed on any exchange. In Starknet’s tokenomics, up to 9% of the total supply will be reserved for the community, most likely these tokens will be used for airdrop instead of public sale.
OpenSea
OpenSea is an NFT Marketplace (NFT exchange) built and developed since 2017 on the Ethereum network, starting as a place to trade CryptoKitties. Up to now, OpenSea has expanded its market share by supporting other blockchain ecosystems such as Solana, Polygon,…
In a total of 5 capital raising rounds of OpenSea, Paradigm investment fund only participated in one round, however, the round that this investment fund participated in was Series C with a total amount of money raised of $300M and was determined price up to $13B. It may be that to invest such a large amount of money and such a sky-high valuation, Paradigm has seen many opportunities from OpenSea.
To find opportunities to receive airdrops from the project, people can refer to the OpenSea retroactive hunting guide video on Weakhand’s Youtube channel.
Aztec
Aztec was initially intended to be a private payment and money transfer network on Ethereum using ZK Rollup technology. However, after the events related to this segment, especially the incident of Tornado Cash when the co-founder of this project was arrested, Aztec let the community develop its old path and shifted to construction. a Layer 2.
In a total of 4 capital raising rounds of Aztec, Paradigm only participated and led only the Series A round with a total amount of $17M raised, in addition, this round also had the participation of Variant, Nascent, IOSG as well. like a few other prominent names are Vitalik Buterin, Stani Kulechov,…
Currently, Aztec’s private money transfer application is still active and developed by the community, but it is highly likely that the airdrop criteria will not depend on this platform. We will need to closely monitor the construction and development process of the project to be able to experience Layer 2 products as soon as possible.
Phantom
Phantom Wallet is a non-custodial wallet application built on Solana’s network. Thanks to its convenience and easy-to-use interface, Phantom is currently the wallet product with the most users on the blockchain. This. At present, Phantom Wallet has also developed its products to many different EVM networks.
Phantom has gone through a total of 2 different funding rounds, in which Paradigm led the Series B round with a total raised amount of $109M at a valuation of $1.2B in addition to many other funds participating. Other large investments such as a16z, Variant, Jump Capital, Solana Ventures,…
To experience Phantom Wallet in the most optimal way, people can refer to the article Hunting for Potential Airdrops on the Solana Ecosystem to search for airdrop opportunities from other projects throughout the Solana network.
Friend.tech
Friend.tech is a web3 social network built to directly connect celebrities with their fans through a closed chat group. To gain access to this chat group, everyone is required to buy a Key of that celebrity with ETH on Layer Base.
Currently, Friend.tech has not announced detailed information about its capital raising rounds, however, the project as well as a few people working at the Paradigm investment fund have had a few tweets confirming that Paradigm has participated. Join Seed Round.
Friend.tech is also launching a program to airdrop points to users weekly on the platform. Although there is no confirmation regarding the applicability of points, we can expect Friend.tech to use a point-based token airdrop mechanism similar to Blur.
Summary
Above is a summary of 5 potential airdrop projects invested in by Paradigm. Weakhand hopes that through this article everyone will participate in the experience and receive airdrop opportunities from projects invested in by Paradigm.
