Joseph Lubin, co-founder of Ethereum
$3,964.61
, stated that investment from venture capital firms is still important for Ethereum’s growth.
In an October 20 post on X, Lubin commented on the role of firms like Paradigm. He admitted that their main interest is in getting value from Ethereum and similar projects.
However, he also pointed out that they support progress toward better decentralization. He does not see their role as a threat and said there is “no reason for concern”.
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His message followed the departure of developer Dankrad Feist, who was with the Ethereum Foundation. Feist stated on October 17 that he would be joining Tempo, a blockchain project backed by Paradigm and Stripe.
According to Lubin, the fact that these firms are hiring blockchain researchers shows that the industry is moving closer to the mainstream economy. He described it as a sign that blockchain is gaining more acceptance beyond its original circles.
While many still question the growing power of venture investors in crypto, Lubin explained that these firms serve as a familiar way for traditional capital to flow into blockchain projects.
However, he also expects that more open investment platforms built on blockchain will soon offer better alternatives.
Meanwhile, Federico Carrone recently expressed concern about how much influence private companies might be gaining over Ethereum’s development. What did he say? Read the full story.
