Airdrop Season is Coming: Here Are 5 Paradigm-Backed Projects to Watch
August 11th, 2023

Paradigm founded by Coinbase co-founder Fred Ehrsam is one of crypto top Venture capital firm, beyond just investing in startups,they are heavily involved in research in the space.

In this guide, i will to predict a possibility of some crypto projects that Paradigm has invested in that might likely do an airdrop, i make this postulation after studying some past patterns(i have attached all links to my research).

Some past investments that did an airdrop

  1. Uniswap : Uniswap pioneered the AMM approach to decentralized exchanges, in April 24, 2019 Yahoo Finance reported Paradigm investment in Uniswap. Fast forward to Sept 17 2020, Uniswap airdropped tokens to their users.

  2. Gitcoin : Gitcoin is a platform that caters to funding public goods through their gitcoin donations, it also as a marketplace where anyone(teams or individuals) can post bounties for any job they want do. They raised some funds in April 2021 according to data on crunchbase, in may 2021 they did a retroactive airdrop

  3. DyDx : DyDx were among the first decentralized exchange to power the trading of derivatives. Their first fundraise was in 2017 and their last was May 12, 2021, few months before their mega airdrop

  4. Optimism : Optimism is behind the optimism mainnet a L2 on ethereum and the OP stack, a framework for building L2s. Their first fundraise was Feb 24, 2021 and their last fundraise before airdrop was March 16, 2022. In May 31, 2022, they did an airdrop

  5. Sky Mavis : They are the team behind Axie infinity, the Ronin bridge and other projects. They raised a sizable amount before their airdrop

  6. Blur : The NFT marketplace at some point was handling over 50% of all NFT trades, they raised $11m from Paradigm and other VCs before doing an airdrop.

Some current investments that may do an airdrop

Zora

It’s an NFT marketplace that supports Ethereum ,Optimism, Base and their own L2 network. One can mint their own collections or mint from others. You can also refer others. They have got $60m in funding.

Magic Eden

They are the leading NFT marketplace on Solana. Billions of dollars of NFTs have been transacted on the platform since it launched. Initially on Solana, it has expanded to Ethereum, Polygon and you can even trade bitcoin ordinals on the platform. They recently raised $130m at a $1.6 billion dollar valuation

OpenSea

At some point, OpenSea were making billions in profit from NFT sales, they initially wanted to do an IPO but some issues have stagnated this move, so an airdrop may not be ruled out, they recently launched OpenSea Pro with NFTs as rewards for traders. With a valuation of over $13b, an airdrop if it does happen will be massive.

Aztec network

They are a privacy focused L2 network. They recently announced a relaunch of their platform. They are currently building. With $119.1m in funding, they are pushing for private smart contracts. Developers can start building with Noir and even apply for grants or hunt for bugs.

Starkware

They are an Ethereum scaling solution that leveraging the power of STARKs and other technology to scale Ethereum. They are behind the Cairo language, StarkEx and the Starknet L2 ecosystem. Their tech stack has been used in the past by DyDx and other teams. They have $273m under their belt.

Phantom

They have raised $112m from Paradigm and other VCs. They are the top most used wallet on Solana. They recently went multi by supporting Ethereum and Polygon.

Argent

They are the king of account abstraction, they are among the first wallet to support both zksync and starknet. They recently introduced web wallet, a wallet that only uses email. They have raised $56.2m in funding.

Yield protocol

They goal is to bring fixed term, fixed rate to the decentralized lending landscape. They have $10m in funding from Paradigm and other VCs.

Showtime

It has raised $7.6m, they are an NFT social network where users can share NFT arts.

Please note, not all Paradigm investments did or have do an airdrop. we are just speculating.

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