Paradigm, a prominent crypto investment firm, has made a significant move in the cryptocurrency world by raising an impressive $850 million for its third fund. Despite considering a shift towards Artificial Intelligence in the past and removing crypto content from its website, Paradigm remains a key player in the industry alongside a16z.
In an official announcement titled “Announcing Paradigm’s Third Fund,” the company expressed its excitement at being an early supporter and investor in projects that have shaped the crypto landscape. These projects include Uniswap and Optimism, which have been instrumental in advancing decentralized exchange and blockchain scaling.
Paradigm emphasized its commitment to fostering a positive future for crypto, not just as an investor but also as a creator. The firm has launched various open-source projects, such as Foundry and Reth, to support Ethereum development and execution.
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