According to TechFlow, Paradigm has raised $850 million for its third fund, focusing on the early stages of crypto projects.

He said that since Paradigm was founded in 2018, he believes that encryption will become one of the most important technological and economic changes in the next few decades. The market value of Bitcoin has reached more than 1 trillion US dollars, blockchains such as Ethereum and Solana are expanding, and stablecoins are being adopted globally.