Staking company Chorus One has launched a $30 million fund focused on promising decentralized protocols.
Chorus One interacts with 28 blockchains. At the peak of the market cycle at the end of last year, the company had about $6.5 billion in assets under management. During that period, the firm's annual revenue exceeded $30 million, according to The Block.
With Chorus One's accumulated reserves, the new fund will use its capital to invest. Priority projects based on Ethereum, Cosmos, and Solana, as well as platforms based on EVM-compatible networks like Avalanche and BNB Chain.
Previously, the company has financially supported several well-known projects:
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- liquid staking platform Lido;
- Anchor is the leading landing protocol for the Terra ecosystem;
- the Cosmos-focused Quicksilver project.
Crypto-focused firm Gumi Cryptos Capital has raised $110 million to invest in early-stage startups.