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Coinbase co-founder launches $2.5 billion crypto venture fund
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livemint.comCrypto capital-raising activity appears to be reaching a fever pitch amid this year’s torrid rally in digital-asset prices.
San Francisco-based investment firm Paradigm on Monday said it was starting a $2.5 billion venture-capital fund aimed at the “next generation of crypto companies and protocols." Coinbase co-founder Fred Ehrsam and former Sequoia Capital partner Matt Huang’s Paradigm One would be the largest new venture-capital fund aimed at the industry, according to the Financial Times, which reported on it earlier.
The size of Paradigm’s fund highlights a continuing boom in the crypto industry.
“This new fund and its size are reflective of crypto being the most exciting frontier in technology. Over the past decade, crypto has
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