Ethereum co-founder Joseph Lubin emphasizes the importance of VC funding for Ethereum’s growth, despite concerns over influence. Recent departures of key Ethereum researchers have raised questions about centralized fund impact on Ethereum’s development. Lubin sees Paradigm’s influence as a sign of mainstream adoption in the blockchain industry.

Lubin acknowledges the need for VCs in the blockchain space to attract mainstream capital. However, he envisions a future where on-chain investment platforms with healthy tokenomics will render VCs obsolete. VC participation is crucial for achieving progressive decentralization and a secure global information infrastructure.

Paradigm’s Tempo blockchain, backed by Stripe, is moving towards a network with controlled validators, diverging from Ethereum’s decentralized ethos. The payments-focused blockchain aims to address the need for optimized infrastructure that can scale for global payments. This shift raises questions about the future of decentralized platforms.

Read more at Cointelegraph: Ethereum Needs Paradigm, VCs, Despite Value Extraction: Joseph Lubin