Leading crypto venture firm Paradigm has promoted Georgios Konstantopoulos to the position of general partner. The announcement was made by Paradigm co-founder Matt Huang on Thursday through a post on X, formerly known as Twitter. "Excited to announce that Georgios Konstantopoulos has been promoted to General Partner at Paradigm (alongside his role as CTO)," Huang shared.

Paradigm has established itself as a significant investor in the blockchain industry and web3 startups. In 2021, the firm launched a $2.5 billion venture fund aimed at supporting crypto companies and protocols. Recently, in April, reports indicated that Paradigm was in discussions to raise between $750 million and $850 million for a new investment vehicle, further emphasizing its commitment to the sector.

Konstantopoulos also shared his excitement about the promotion on X, reflecting on his journey with the firm. "Matt [Huang] made a big bet on me that September of 2019 after Scaling Bitcoin in Tel Aviv when I said I kinda like Dan Robinson's role," he posted. "I'll never be able to repay that debt. I was a hot-headed foreigner (still am!) without any investing experience, just some good coding chops."

Dan Robinson, who serves as a general partner and head of research at Paradigm, has been a significant influence on Konstantopoulos. According to Konstantopoulos's LinkedIn profile, he officially joined Paradigm in 2020 and has since risen through the ranks, demonstrating his expertise and value to the firm.

Paradigm's promotion of Konstantopoulos underscores the firm's focus on fostering talent within the crypto industry and supporting innovative leaders who can drive the sector forward.