On Thursday, Paradigm, founded by Coinbase’s Fred Ehrsam and Sequoia’s Matt Huang in 2018, announced securing $850 million for its third venture fund. The firm, known for backing major crypto startups like Coinbase and Uniswap, aims to bolster early-stage initiatives in the booming crypto sector. Analysts predict record-breaking investments, possibly reaching $12 billion this year, highlighting robust investor confidence in cryptocurrency’s future.
