Paradigm Plans to Launch a $750 Million Crypto Fund
April 3, 2024
Web3 venture capital firm Paradigm is planning to establish a new crypto fund and is currently in talks with investors to raise approximately $750 million for the fund. This wouldn’t be Paradigm’s largest fund; in 2021, it already set up a $2.5 billion fund. However, due to the collapse of FTX, it suffered significant losses, prompting it to consider transitioning from the crypto industry to artificial intelligence.
