Hong Kong-based Chiron Partners launches $50M Terra fund

Hong Kong-based Chiron Partners launches $50M Terra fund

Hong Kong venture capital firm Chiron Partners has launched a new ecosystem fund dedicated to Terra (LUNA), opening the door to new innovations for the layer-one decentralized finance, or DeFi, protocol.

The Chiron Terra Fund I, also referred to as CTI, will deploy $50 million in capital to support innovative projects building on top of the Terra ecosystem. Projects at the intersection of decentralized finance and “metaverse-linked” nonfungible token platforms are eligible for support, the company announced Wednesday.

In terms of TVL, Terra is second only to Ethereum and ahead of Solana, Avalanche, Tron and Polychain. Source: DeFi Llama

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