A new $20 million cryptocurrency fund is launching, signaling a shift in investment focus towards consumer applications. Xavier Meegan, formerly CIO of Chorus One, is spearheading the fund, believing the "era of consumer apps" has arrived in the crypto space. Meegan argues that the foundational infrastructure for blockchain technology is largely established. The next wave of innovation, according to him, will be driven by user-friendly applications that leverage this existing infrastructure. This new fund will target promising projects building these applications. This suggests a potential boom in crypto apps focused on everyday users. Investors are keenly watching to see which applications will capture mainstream adoption. ```