The new encryption venture capital fund Frachtis was established by a former executive team from Chorus One, focusing on the intersection of Blockchain and artificial intelligence. It has raised $20 million, with investment projects including Hyve, Turtle.Club, and others.

PANews June 23 news, according to The Block, the former Chorus One executive team has established a new encryption venture capital fund, Frachtis, focused on the intersection of Blockchain and artificial intelligence, and has completed a $20 million fundraising. 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 fund's limited partners include Chorus One, cyber•Fund, RockawayX, and Theta Blockchain.

Odaily Planet Daily News on-chain DA project Hyve completes $1.85 million seed round financing, led by Lemniscap, Paper Ventures, Frachtis