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Paradigm Leads $7.1 Million Seed Funding for Noise Ahead of Base Launch

Paradigm’s $7.1 million investment supports Noise’s upcoming Base mainnet debut, aiming to create a blockchain-powered market for betting on social media trends.

Summary

Paradigm led a $7.1 million seed funding round for New York-based startup Noise, which plans to develop an “attention market” enabling users to bet on social media trends. The platform is scheduled to launch on the Base mainnet in the coming months. Previous pre-seed investors included Figment Capital and Anagram, highlighting growing interest from venture firms in the project.

Terms & Concepts
  • Seed Round: An initial funding stage for startups to support product development and market entry.
  • Base Blockchain: A layer-2 network built on Ethereum, developed by Coinbase, designed to reduce transaction costs and improve scalability.
  • Mainnet Launch: The official deployment of a blockchain network where real transactions occur, marking the transition from testing to production.