PMatt Huang yesterday posted on X. It was very simple—just two sentences: Paradigm is an investor in the Zcash Open Development Lab, and it also holds ZEC tokens. He called Zcash “a privacy add-on to Bitcoin.”
Then ZEC surged—up nearly 20% in 24 hours, and up 160% over the past month. How much did Bitcoin rise over the same period? 18.2%.
First, let’s talk about Matt Huang.
He’s a co-founder of Paradigm, one of the top-tier crypto VCs in the space. He never posts casually. You can look up what narrative he publicly backed last time. When someone like him posts, it’s not to hype a trade—it’s to set the tone.
In his post, there are three points that I think are worth watching even more than “buying ZEC” itself.
First, he said Paradigm supports Zcash’s “inflation-funded developer fund.” What does that mean? It means that when miners mine coins, a portion of them will be used to support the development team. In crypto circles, this is a highly controversial mechanism, but he says it’s important because “AI-driven network attack capabilities and quantum computing are developing.”
Second, he supports combining Zcash’s token voting with other forms of governance, reducing its unpredictability as a monetary asset.
Third—and most interesting—he defines Zcash as “a privacy add-on to Bitcoin,” not a replacement. This positioning is spot-on. Bitcoin is a transparent vault, while Zcash is an invisible vault. The two don’t conflict—they’re complementary.
But you need to see one thing clearly.
Paradigm’s investment in the Zcash ecosystem didn’t start yesterday. Back in March, the Zcash Open Development Lab completed a seed round of over $25 million. Investors included Paradigm, a16z crypto, Coinbase Ventures, and Winklevoss Capital.
On September 14th, the Zcash community vote ended. 98.9% of token holders supported maintaining the Bitcoin-style halving mechanism, not opting for smooth issuance.
This was one of the most important governance votes in Zcash’s history. With nearly unanimous consensus, the community confirmed that Zcash will follow the path of Bitcoin’s monetary attributes plus optional privacy.
Then Grayscale’s Zcash ETF, ZCSH, was listed on the NYSE Arca on August 25th. In two weeks, assets under management surpassed $500 million, with holdings of more than 550,000 ZEC—locking up 3% of the network’s total circulating supply.
——Clear Channel #paradigm披露持有zec
Then ZEC surged—up nearly 20% in 24 hours, and up 160% over the past month. How much did Bitcoin rise over the same period? 18.2%.
First, let’s talk about Matt Huang.
He’s a co-founder of Paradigm, one of the top-tier crypto VCs in the space. He never posts casually. You can look up what narrative he publicly backed last time. When someone like him posts, it’s not to hype a trade—it’s to set the tone.
In his post, there are three points that I think are worth watching even more than “buying ZEC” itself.
First, he said Paradigm supports Zcash’s “inflation-funded developer fund.” What does that mean? It means that when miners mine coins, a portion of them will be used to support the development team. In crypto circles, this is a highly controversial mechanism, but he says it’s important because “AI-driven network attack capabilities and quantum computing are developing.”
Second, he supports combining Zcash’s token voting with other forms of governance, reducing its unpredictability as a monetary asset.
Third—and most interesting—he defines Zcash as “a privacy add-on to Bitcoin,” not a replacement. This positioning is spot-on. Bitcoin is a transparent vault, while Zcash is an invisible vault. The two don’t conflict—they’re complementary.
But you need to see one thing clearly.
Paradigm’s investment in the Zcash ecosystem didn’t start yesterday. Back in March, the Zcash Open Development Lab completed a seed round of over $25 million. Investors included Paradigm, a16z crypto, Coinbase Ventures, and Winklevoss Capital.
On September 14th, the Zcash community vote ended. 98.9% of token holders supported maintaining the Bitcoin-style halving mechanism, not opting for smooth issuance.
This was one of the most important governance votes in Zcash’s history. With nearly unanimous consensus, the community confirmed that Zcash will follow the path of Bitcoin’s monetary attributes plus optional privacy.
Then Grayscale’s Zcash ETF, ZCSH, was listed on the NYSE Arca on August 25th. In two weeks, assets under management surpassed $500 million, with holdings of more than 550,000 ZEC—locking up 3% of the network’s total circulating supply.
——Clear Channel #paradigm披露持有zec