Introducing Ithaca

Introducing Ithaca

We are excited to announce Paradigm’s $20M investment in Ithaca, a new company with the mission to accelerate crypto development across the entire stack. See Ithaca’s announcement for more.

Ithaca will help advance the crypto frontier while ensuring that great developers can continue to work on important open-source public goods within crypto.

The Ithaca team will be composed of the lead contributors and maintainers of the above open-source projects. Georgios will continue his role as Paradigm’s CTO and General Partner, and lead the Ithaca team as CEO. Matt Huang will be joining as Chairman.

Paradigm will continue to fund and support open-source projects, and the Ithaca team will continue to contribute to and maintain them. We believe free, open-source, public goods are important to moving the whole crypto space forward.

We are tremendously excited to be a part of the mission to bring crypto forward with everyone else pushing the frontier. The odyssey to Ithaca is just starting.

Disclaimer: This post is for general information purposes only. It does not constitute investment advice or a recommendation or solicitation to buy or sell any investment and should not be used in the evaluation of the merits of making any investment decision. It should not be relied upon for accounting, legal or tax advice or investment recommendations. This post reflects the current opinions of the authors and is not made on behalf of Paradigm or its affiliates and does not necessarily reflect the opinions of Paradigm, its affiliates or individuals associated with Paradigm. The opinions reflected herein are subject to change without being updated.

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