According to Techub News, Paradigm announced that it has invested $20 million in L2 development company Ithaca. Paradigm CTO Georgios Konstantopoulos will serve as the company's CEO, and Paradigm co-founder Matt Huang will serve as Ithaca's chairman. The new funds will be used to support Ithaca's launch of L2 Odyssey, which is now online on the testnet and built using Reth and OP Stack.