Signalclout #32: The Billions Keep Pouring In
Paradigm raises $2.5bn to become the largest crypto/blockchain fun
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Welcome to the 32nd issue of the Signalclout newsletter.
With every passing week, the number of people messaging me about Web3 or crypto investments is rapidly increasing. Unlike the boom in 2017, where the ICO rush got several people interested, the difference is the quality of interactions.
It helps that some of the smartest people in the field are raising billions of dollars to fund this new frontier.
In the investing world, a dangerous statement is when people say, "this time it is different". People who have been through multiple cycles will understand that while the world around us is changing, some things remain unchanged. One of them being greed and, most importantly, the fear of missing out.
What I see forming is a massive trend. The nature of work is changing and will empower solo creators of the world through the ubiquitous distribution of cryptocurrencies.
We will see the rapid creation and scaling of DAO's. The attempt to buy the US constitution for $43m+ is a harbinger of things that will be changing all around us.
As investors and builders, we need to see how our skills can be successfully parlayed into this world. In this issue, I will be covering the Paradigm fundraise and the massive valuations of the NFT marketplace OpenSea.