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Archetype, a NYC-based VC firm, has raised $100M for its third fund to back early-stage blockchain startups. The fund is supported by institutional investors and aims to invest in founders building real-world use cases for crypto. Archetype has a track record of successful early bets, including the acquisition of Privy by Stripe and the merger of US Bitcoin Corp with Hut 8. The firm currently manages $350M in assets and plans to focus on consumer-facing projects.

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