Injective blockchain-developer launches the support fund for participants in Cosmos to $150 million – Bits Media

Injective Labs, The first-level blockchain protocol of the first level injective, announced the launch Foundation size $150 Milln to support developers, Using the Cosmos ecosystem.

Injective Labs, The development blockchain-protocol of the level 1 Injective, announced the launch of the fund in the amount $150 Milln to support developers, Using the Cosmos ecosystem. The company has created a consortium, which includes venture investors and web3 projects. Among them Pantera Capital, Kucoin Ventures, Flow Traders, Jump Crypto and others.

Injective said, that developers, which will be taken away to participate, will receive support in the form of individual investments in tokens and shares. They will also be able to count on technical support, Help in marketing and business development. First of all, Injective will focus on projects, dedicated to decentralized financing (DeFi).

Co -founder and general director Eric Chen (Eric Chen) stated, that the fund will consider projects at an early stage, and the amount of funding allocated to determine depending on the stage of the project. Projects will be regularly checked, Solving, Continue further investments or not.

“We are convinced, that the decentralized nature of the Defi protocols can greatly guarantee transparency and present ownership of the means, What is the main advantage in comparison with centralized systems ", - assures Eric Chen.

Injective in May last year entered into a partnership
With the Wormhole cross-platform, to integrate ten new blockchains into your network.