Injective, a blockchain specifically designed for building financial applications, announced a new $150m ecosystem initiative to further accelerate the adoption of interoperable infrastructure and DeFi.
This new ecosystem initiative is backed by a consortium of leading firms in Web3, including Pantera Capital, Kraken Ventures, Jump Crypto, Kucoin Ventures, Delphi Labs, Flow Traders, Gate Labs and IDG Capital.
Support will be provided via bespoke token and equity investments, alongside mentorship in technical development, cryptographic research, business development, marketing, community growth and more.
The core focus for the members will be to support promising projects building within a diverse array of sectors including interoperability, DeFi, trading, PoS infrastructure and scalability solutions.
Injective is a fully decentralized smart contracts platform optimized for building finance applications. Injective was created using the Cosmos SDK and provides plug-and-play modules that help developers rapidly build complex protocols focused on areas such as exchanges, options, derivatives, and lending. Injective is already one of the most interoperable networks in existence with native access to Cosmos IBC enabled chains and Ethereum.
To kick off this new ecosystem fund, Injective also is launching the “Injective Global Virtual Hackathon,” calling together builders worldwide to not only learn how to build on Injective, but to also submit new project proposals for venture funding.
To learn more about Injective’s ecosystem fund and apply for financing, click here.
FinSMEs
25/01/2023