Injective launches $150M ecosystem fund to accelerate interoperable infra and DeFi adoption

Injective, a layer-1 blockchain focused on building financial applications, has launched a $150 million fund ecosystem initiative, the platform’s CEO and co-founder, Eric Chen, told TechCrunch.
“We’ve seen a lot of ecosystem funds in the past do various things, but there isn’t really an established ecosystem fund for Injective and Cosmos as a whole,” Chen said. “We call it a venture consortium because they can get investments from there or direct institutions.”
Injective was incubated by Binance Labs in 2018 and later backed by Jump Crypto, Pantera Capital and billionaire entrepreneur Mark Cu

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