Ethereum developers warn that venture capital firms' influence may threaten ecosystem values

ChainCatcher reported that recently, Ethereum core developer Federico Carrone issued a warning that the growing influence of venture capital firm Paradigm on the Ethereum network could pose a potential risk to the ecosystem.

Carrone stated on social media that although Paradigm has created value for the community, as a venture capital fund driven by profit and influence, its goals may not align with Ethereum's philosophy and political ideals. Paradigm has gradually expanded its influence in the ecosystem by hiring key Ethereum researchers and funding open-source libraries critical to Ethereum. The company recently partnered with fintech giant Stripe to incubate a competing Layer-1 blockchain called Tempo, a network focused on stablecoins and payments, which is essentially controlled by Stripe and stands in stark contrast to Ethereum's decentralized and open-source nature.