Bloomberg: Crypto venture capital firm Paradigm completes $1.2 billion fundraising, betting on AI, AI-integrated blockchain, and other directions

According to Bloomberg, the venture capital firm Paradigm, focused on the cryptocurrency sector, has raised approximately $1.2 billion and plans to increase its investment in artificial intelligence (AI) related projects.

According to informed sources, this fundraising will focus on AI infrastructure, AI Agents, and the integration of AI with blockchain technology. Paradigm hopes to capture the next wave of technological innovation through the new fund and expand its investment footprint in emerging technology sectors.

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

This fundraising indicates that after experiencing previous market cycle adjustments, crypto capital is refocusing on the intersection of AI and blockchain. With the rapid development of AI agents, decentralized computing, on-chain data infrastructure, and other areas, more and more crypto investment firms are beginning to see AI as an important growth opportunity for the next stage.