Paradigm has raised $850 million for its third crypto fund, marking one of the largest crypto fundraises in history. This new fund aims to invest in early-stage crypto and blockchain projects. Paradigm, founded in 2018, has invested in notable companies such as Coinbase, Uniswap, and Chainalysis. The firm's previous largest fund was $2.5 billion raised in 2021. This significant fundraising effort highlights increased venture capital interest in the crypto and blockchain sectors.