What is Paradigm's "ParagonsDAO" that has raised its position again and won $25 million in financing?

On December 6th, ParagonsDAO, a blockchain gaming community, announced the completion of $25 million in financing. Paradigm, Framework Ventures, Folius Ventures, Mume Ventures, Yunt Capital, HoneyDAO, County Capital, PebbleDAO, Nima Capital, Shima Group, Perceptive Capital, Coins Group, AGE Crypto, Fourth Revolution Capital, D64 Ventures, CMS Holdings, DCV Capital, Defi Dad, Santiago R Santos, Ben Lakoff, Jordan Momtazi, HedgedHog, Eden Au, Shual, Kain Warwick, DeFi God, Redphone Crypto participated in the investment.

Paradigm

Unlike other chain game communities that will organize activities around multiple popular games, ParagonsDAO's activities will only revolve around Parallel (Note: It is not the same project as the Polkadot ecological DeFi parallel chain Parallel Finance).

Parallel is a collectible card game (TCG) based on sci-fi themes. One of its founding members is YouTube co-founder Chad Hurley. Although the game has not been launched yet, Parellel has already become the most popular chain game on the market. one. On Opensea's historical total transaction volume rankings, Parallel's earliest released series of cards, "Parallel Alpha", is temporarily ranked 15th, and the total historical transaction volume has exceeded 50,000 ETH.

Paradigm

It is worth mentioning that in October this year, Parallel received a $50 million investment from Paradigm at a valuation of $500 million, so including this investment in ParagonsDAO, this top venture capital institution is the second time to invest in Paradigm. Warehouse Parallel game ecology.

Speaking of ParagonsDAO, this is a community composed of different roles such as investors, players, collectors, etc., linked together by the token PDT as a medium. ParagonsDAO will promote the growth of Parallel's ecological value by hosting events, sponsoring players, creating content, and promoting cooperation. .

For ordinary players, ParagonsDAO can provide them with a chance to "dance with giant whales". Due to the high popularity of Parallel, some rare cards in the game are quite expensive at present, which is too expensive for ordinary players to start, but if players hold PDT, they will have the opportunity to jointly control some of the ultra-rare cards owned by ParagonsDAO Cards, such as Masterpieces cards that can participate in NFT transaction dividends, and Prime Keys cards that can participate in game governance.

Chain Games is undoubtedly the hottest track in the current crypto world, and Parallel is one of the most popular chain games projects in the market. Paradigm, which has captured many super projects such as Uniswap, MakerDAO, Compound, and dYdX, is also the top limelight in the crypto world. one of the institutions. These "tops" are stacked together, and ParagonsDAO may unleash huge potential in the future.