Staking company Chorus One has just launched a $30 million fund focused on promising decentralized protocols.
The firm interacts with 28 blockchains. At the peak of the market cycle in late 2021, the company had about $6.5 billion in AUM. During that period, the company’s annual revenue exceeded $30 million.
With Chorus One’s accumulated reserves, the new fund will use its own capital to invest. Priority projects are those based on Ethereum, Cosmos and Solana, as well as platforms based on EVM-compatible networks such as Avalanche and BNB Chain.
The company had previously financially supported a number of well-known projects, including liquid staking platform Lido and the Cosmos-focused Quicksilver project.
