Crypto-focused VC Paradigm has closed a new $1.2 billion fund — one of the largest in the sector — and says it will now hunt for bets well beyond crypto.

With fresh capital in hand, the firm plans to expand into artificial intelligence and robotics, broadening its mandate past the digital-asset startups it is known for.

The move underscores how top crypto VCs are chasing the AI boom, as the lines between crypto, AI and frontier-tech investing keep blurring.