Paradigm launches venture fund to invest in crypto projects

by in Cryptocurrency News


Investment firm Paradigm has announced the launch of a new $ 2.5 billion venture fund to support "next-generation" cryptocurrency projects.

The company called cryptocurrencies "the most exciting technology frontier." Digital assets have come a long way over the past decade, according to a press release, but they are still used by less than 10% of the world's population.

“The journey is just beginning, the potential of cryptocurrency has never been so clear,” the message says.

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The size of the fund exceeded the expectations of the media, which in October predicted its volume from $ 1.25 billion to $ 1.5 billion.