Core Insights - Archetype, a New York-based venture capital firm, has successfully raised $100 million for its third fund, Archetype III, which focuses on early-stage blockchain startups [1] - The fund is backed by a diverse group of institutional investors, including pensions, academic endowments, sovereign wealth funds, and funds of funds [1] Investment Strategy - The firm emphasizes a concentrated investment approach, allowing for selective and high-conviction investments in each team [2] - Archetype aims to build strong relationships with founders, which they believe gives them an advantage over larger funds [2] Track Record and Current Holdings - Archetype has a history of successful early investments, including the acquisition of crypto wallet startup Privy by Stripe [2] - The firm currently manages approximately $350 million in assets, with significant stakes in cryptocurrencies like Solana and Ethereum [3] Focus of New Fund - While specific investments from Archetype III have not been disclosed, the firm has already made several deals [4] - The fund will concentrate on founders who are developing real-world use cases to expand cryptocurrency adoption in consumer markets [4] Challenges in Cryptocurrency Adoption - The firm acknowledges that there are no simple solutions for mainstream cryptocurrency adoption, emphasizing the need for products that match or exceed Web2 alternatives [5] - Archetype collaborates closely with founders to understand user behavior and technology, aiming to create optimal experiences for everyday users [5]