Staking company Chorus One has launched a $30 million fund focused on promising decentralized protocols.

Chorus One has been an ecosystem leader since 2018 and today we are very excited to take it one step further

We are launching Chorus Ventures, which is dedicated to investing $30 million in some of the most promising protocols, decentralized networks and related products

— Chorus One (@KoroOne) April 4, 2022

Chorus One interacts with 28 blockchains. At the peak of its market cycle at the end of last year, the company had approximately $6.5 billion in assets under management. According to The Block, the firm’s annual revenue during this period exceeded $30 million.

With the accumulated reserves of Koro One, the new fund will use its own capital to invest. As well as priority projects based on Ethereum, Cosmos and Solana, platforms based on them EVMCompatible networks such as Avalanche and BNB Chain.

Previously, the company financially supported a number of well-known projects:

• liquid staking platform Lido;
• Anchor is the leading landing protocol for the Terra ecosystem;
• Quicksilver project focused on Cosmos.

Crypto-focused firm gumi Cryptos Capital has raised $110 million to invest in early-stage startups.