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Former executives establish Frachtis venture capital: $20 million investment in the intersection of Blockchain and AI.
On June 23, it was reported that the senior management team of a former company established a new crypto venture capital fund Frachtis, focusing on the intersection of blockchain and artificial intelligence, and has completed a $20 million fundraising. Frachtis will invest in decentralized infrastructure, middleware, and consumer-grade applications, and currently has eight projects, including Hyve, Turtle.Club, and Bless network. The limited partners of the fund include a company, a fund, a company, and a blockchain investment company.