The digital asset markets have been shaky in the past year, but the blockchain sector continues to scale as demand intensifies from both crypto-native as well as traditional institutions eyeing to leverage the space.
Decentralized smart contracts platform Injective is the latest to announce a new $150 million ecosystem initiative to spur the adoption of interoperable infrastructure and DeFi.
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, among others. Injective has assembled the largest consortium to date within the broader Cosmos ecosystem for the purpose.
$150M Fund
The members will focus on backing promising projects building within a diverse array of sectors encompassing interoperability, decentralized finance, trading, Proof-of-Stake (PoS) infrastructure, and scalability solutions.
Aside from a bespoke token, the consortium will also support via equity investments, alongside mentorship in technical development, cryptographic research, business development, marketing, community growth, etc.
