The newly established cryptocurrency venture capital fund Frachtis has completed a fundraising of $20 million

According to The Block, the former Chorus One executive team has established a new cryptocurrency venture capital fund, Frachtis, focusing on the intersection of blockchain and artificial intelligence, and has raised $20 million in funding. Frachtis will invest in decentralized infrastructure, middleware, and consumer applications, and has currently laid out eight projects including Hyve, Turtle. Club, and Bless network. The limited partners of the fund include Chorus One, Cyber Fund, RockawayX, and Theta Blockchain Ventures.