Paradigm, a crypto-focused venture capital firm founded by Coinbase co-founder Fred Ehrsam and former Sequoia partner Matt Huang, has launched a new $2.5 billion venture fund aimed at investing in the next generation of cryptocurrency companies and blockchain protocols. This fund, one of the largest ever in the crypto venture space, will invest across stages and geographies alongside Paradigm’s existing flagship vehicle. The firm has backed major projects in the crypto ecosystem and sees the fund’s size as reflecting the growing importance of crypto technologies.
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