Injective launches $150M ecosystem fund to boost DeFi, Cosmos adoption By Cointelegraph

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Injective launches $150M ecosystem fund to boost DeFi, Cosmos adoption

Cryptocurrency Jan 25, 2023 10:40AM ET

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Injective launches $150M ecosystem fund to boost DeFi, Cosmos adoption

Injective, a layer-1 blockchain protocol founded in 2018, has launched a $150 million ecosystem fund to support developers building on the Cosmos network.

The so-called ecosystem group is backed by a large consortium of venture capital and Web3 firms, including Pantera Capital, Kraken Ventures, Jump Crypto, Kucoin Ventures, Delphi Labs, IDG Capital, Gate Labs and Flow Traders. According to Injective, the consortium is the largest assembled within the broader Cosmos ecosystem.

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