Paradigm, a crypto venture capital firm based in San Francisco, has successfully raised $850 million for a new fund that focuses on supporting early-stage crypto projects. The firm has been a key supporter of projects like Uniswap (UNI), Optimism (OP), and Flashbots, all of which are at the forefront of innovation in the crypto space.

According to Paradigm, their goal is to continue to invest in and support these types of cutting-edge projects that have the potential to shape the future of crypto. They have already launched successful open-source initiatives like Foundry and Reth, which have made significant contributions to the Ethereum ecosystem.

This latest $850 million fund marks Paradigm’s third fund since its inception in 2018 by Fred Ehrsam, co-founder of Coinbase Global, and Matt Huang, a former partner at Sequoia Capital. In 2021, Paradigm also made headlines with a $2.5 billion crypto fund, surpassing other industry giants like Andreessen Horowitz.

With this new fund, Paradigm aims to continue its mission of supporting groundbreaking projects in the crypto space, despite the recent industry downturn in 2022. Investors and enthusiasts can stay updated on the latest developments by subscribing to email alerts and following Paradigm on social media platforms like Twitter and Facebook.

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