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

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Chiron Partners, a Hong Kong-based venture capital firm, has created a new ecosystem fund for (LUNA), which opens the doors to innovative solutions in the Layer-One decentralized finance protocol, DeFi.

CTI is the Chiron Terra Fund I. It will provide $50 million of capital for innovative projects that build on top of Terra’s ecosystem. Projects at the intersection of decentralized finance and “metaverse-linked” nonfungible token platforms are eligible for support, the company announced Wednesday.

Terra ranks second behind and ahead of Polychain and Tron in terms of TVL. Source: DeFi Llama