PapayaHub, the first network of webcam studios with a yield from 180% per year, this week raised $30M from the Paradigm investment fund and is about to close the first round of financing. Matt Huang, the Co-Founder of PapayaHub & Managing Partner in Paradigm announced that.
“We are pleased to announce our cooperation with the PapayaHub team. The project expands the field of opportunities for obtaining a stable income. The webcam market is actively growing, and we believe that it needs to be entered now by private investors, too,” said Matt Huang.
The Paradigm venture fund is known for its investments in ideological projects that lie at the junction of cryptocurrencies and traditional business: VR projects, rental of real estate, production of NFT content and, finally, the adult industry. The investment in PapayaHub marks another step in Paradigm’s strategy to integrate traditional business into the cryptocurrency sphere.
“We have been interested in the webcam industry for a long time, since it grows by 130% annually and generates huge amounts of profit. At the same time, before PapayaHub there were no decent projects on the crypto market through which you could invest in this area. We are glad that such an opportunity has appeared now,” Matt Huang explained.
Indeed, PapayaHub is a platform for investing in Europe’s largest network of webcam studios with a stable return from 180% per year. The project was launched in December 2021 as a result of the collaboration of the PaPaYa webcam studio network and a team of crypto developers led by a cryptographer called Ewan Baldwin.
According to the PapayaHub co-founder, Ewan Baldwin:
“PapayaHub shows excellent profitability results from 180% APR even in times of crisis. Users invest primarily in the developing webcam industry, which is not affected by the collapse of the cryptocurrency market. It allows them to earn a stable income, providing themselves with a reliable airbag.”
The project has gained its popularity among private investors precisely due to the ability to generate passive returns, which it provides when investing in BTC, ETH, USDT and other cryptocurrencies. Investing with PapayaHub is simple: to do that, you need to register on the official website, deposit tokens, and receive daily rewards that are accrued from the profits of the PapayaHub webcam studio network.
According to the Nansen crypto-analytical agency, after the collapse of FTX, private users began to actively switch to using PapayaHub. Since November 8, the number of users has increased by 47%, reaching 53,000 people. It is expected that Paradigm’s investment will contribute to the further growth and development of the platform.
