Cryptocurrency venture capital firm Paradigm raises $1.2 billion fund, betting on the convergence of AI and crypto

Odaily Planet Daily News: Paradigm, a venture capital firm focused on the crypto sector, has raised approximately $1.2 billion and plans to increase its investment in projects related to artificial intelligence (AI).

According to sources familiar with the matter, this fundraising will focus on AI infrastructure, intelligent agents (AI Agents), and the integration of AI with blockchain technology. Paradigm aims to capture the next wave of technological innovation through this new fund and expand its investment portfolio in emerging technology fields.

Founded in 2018 by Matt Huang and Fred Ehrsam, Paradigm is one of the leading crypto venture capital firms in the industry, having invested in numerous blockchain projects including Coinbase and Uniswap.

This fundraising shows that after the adjustment of the previous market cycle, crypto capital is refocusing on the intersection of AI and blockchain. With the rapid development of areas such as AI agents, decentralized computing, and on-chain data infrastructure, an increasing number of crypto investment institutions view AI as a key growth opportunity for the next phase. (Bloomberg)