Removing the official website’s cryptocurrency description and entering the field of AI, what paradigm shift is Blockingradigm undergoing?

What paradigm shift is Blockingradigm undergoing by moving from cryptocurrency to AI?

Blockingradigm has recently updated its website homepage, removing expressions related to cryptocurrency/Web3 such as “We believe that cryptocurrency will define the next few decades”. What paradigm shift is Blockingradigm undergoing as it enters the AI field? In a piece by DeepTech, it is interpreted that this is due to external factors – AI is currently very popular while cryptocurrency is losing steam – as well as the immense investment pressure due to holding a large amount of investable capital.

Insiders revealed that Blockingradigm is shifting its focus from solely cryptocurrency to also include “cutting-edge” technologies such as artificial intelligence. Individuals familiar with this strategy say that the company has not changed its mission and continues to focus on cryptocurrency and web3. The updated website aims to emphasize its technological research. So, what does Blockingradigm’s proactive “paradigm shift” entail?

Firstly, from an external perspective, AI is hot while cryptocurrency is weak. OpenAI’s ChatGPT is leading an AI frenzy, with both primary and secondary markets taking off with AI concepts. When Nvidia released its financial report, its market value increased by $220 billion overnight, and it is now just one step away from a trillion-dollar market value. On the other hand, the cryptocurrency market remains in a bear market with continuously shrinking trading volumes and increasing regulatory pressures from the United States.

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Secondly, Blockingradigm may have its own helplessness. Previously, Blockingradigm announced the completion of fundraising for a new $2.5 billion fund, holding a large amount of investable capital. For any fund, the larger the fundraising scale, the greater the investment pressure. They need to shoot all their bullets in a limited time and obtain the expected return. For a cryptocurrency VC, shooting all of their bullets during a bear market while the future narrative is unclear is not an easy task. At this point, there are often two choices: 1) invest in the secondary market to purchase assets with better liquidity; 2) diversify investments by laying out in other fields.

Reference: https://www.techflowpost.com/article/detail_11995.html

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