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

PANews June 23 news, according to The Block, the former Chorus One executive team has established a new crypto venture fund Frachtis, focusing on the intersection of Blockchain and artificial intelligence, and has completed a fundraising of $20 million. Frachtis will invest in decentralized infrastructure, middleware, and consumer applications, and has currently positioned itself in eight projects including Hyve, Turtle.Club, and Bless network. The fund's limited partners include Chorus One, cyber•Fund, RockawayX, and Theta Blockchain Ventures.