• Injective Labs has recently announced an initiative to launch a $150 million ecosystem fund.
• Leading the charge is a consortium of prominent Web3 players such as Pantera Capital, Kraken Ventures, Jump Crypto, Kucoin Ventures, Delphi Labs, Flow Traders, Gate Labs, and IDG Capital.
• The initiative’s consortium will help with technical development, research, marketing, and community growth to spur the adoption of interoperable infrastructure and DeFi.
Injective Labs, a decentralized smart contracts platform, recently announced the launch of an ecosystem initiative to spur the adoption of interoperable infrastructure and DeFi. With a fund of $150 million, the initiative is led by an esteemed consortium of prominent Web3 players such as Pantera Capital, Kraken Ventures, Jump Crypto, Kucoin Ventures, Delphi Labs, Flow Traders, Gate Labs, and IDG Capital.
The consortium’s primary objective is to help with technical development, research, marketing, and community growth to spur the adoption of interoperable infrastructure and DeFi. With the launch of this initiative, the group hopes to make the digital asset markets more stable and accessible. The consortium believes that this fund will provide more opportunities to both crypto-native and traditional institutions to leverage the space and benefit from the blockchain sector.
Injective intends to use part of the fund to invest in projects that are driving the development of open finance and decentralized exchange protocols. Furthermore, the consortium also plans to collaborate with various exchanges and liquidity providers to make sure that the digital asset markets are able to operate efficiently.
In addition, the consortium will be creating a network of traders and developers to help scale the ecosystem and increase the adoption of blockchain technology. The consortium also aims to build a platform for smart contracts and oracles that will be used for various applications.
All in all, with the launch of this initiative, the consortium is looking to spur the adoption of interoperable infrastructure and DeFi and make the digital asset markets more accessible and stable. The consortium believes that this fund will provide more opportunities to both crypto-native and traditional institutions to leverage the space and benefit from the blockchain sector.