Paradigm Leads $16M Round for NFT Membership Platform Hang

Hang, a Web3-powered platform connecting brands with members, launched Thursday and announced raising $16 million in a Series A round led by Paradigm. The funding will be used to double down on the expansion of the product, engineering and go-to-market teams with a focus on “speed and scaling,” Hang co-founder and CEO Matt Smolin told CoinDesk in an email.