Venture capital firm Paradigm has successfully closed an $850 million fund, one of the largest in crypto history, to invest in early-stage blockchain and crypto projects. The firm, which has previously invested in notable crypto companies like Coinbase and Uniswap, has been discussing this fund for months following a rebound in crypto markets. This is Paradigm's largest raise since its $2.5 billion fund in November 2021. The news comes as VC investments in crypto and blockchain startups surge, with $2.49 billion invested across 603 deals in Q1 2024 alone.