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.