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The largest cryptocurrency staking provider in Europe, Chorus One ensures the safeguarding of billions of assets and facilitates interoperability between decentralized networks such as Ethereum (ETH), Solana (SOL), and others. The staking solution venture is known to operate across 28 blockchain networks as well as protocols and has accrued billions of assets after a booming year of staking business. Past year, Chorus One’s assets accumulated $6.5 billion.
The Launch of Chorus Venture
On April 5, Chorus One Ventures shared the announcement in a blog post stating the creation of a $30 million venture fund that will be focused on crypto-based projects such as decentralized networks, protocols, and related products. https://twitter.com/ChorusOne/status/1511006353456005126 The fund will be under the management of the Research and Ventures Lead at Chorus One, Xavier Meegan. Chorus One Ventures will additionally be investing their own capital rather than seeking external funding, explained Meegan.
“With the launch of Chorus Ventures, founders now have an alternative way to raise capital, through a company that has a vested interest in the longevity of decentralized networks.”
The Objective of Chorus Ventures
The staking solutions’ funding will primarily be focusing on Cosmos and Solana ecosystems and blockchain networks that are compatible with Ethereum Virtual Machine, including Ethereum, Avalanche, and BNB Chain amongst others. The funding will be focusing on three subjects across the blockchain i.e staking, interoperability, and middleware.
Achievements of Chorus One
Before launching the new venture fund, Chorus One had already made 26 investments into projects focusing on digital assets. One of them included Lido, a liquid staking protocol, and Anchor, a yield-generating protocol.