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