Injective today is announcing the launch of its $150 Million ecosystem initiative to further accelerate developer adoption of the only lightning fast blockchain optimized for financial applications.
The effort is joined by some of the largest institutions spanning across Web3 and traditional finance including Pantera Capital, Kucoin Ventures, Jump Crypto, IDG Capital, Gate Labs, Delphi Labs, Flow Traders and Kraken Ventures. The venture consortium is also the largest assembled within the broader Cosmos community.
The news has also been covered by pominent news media outlets such as TechCrunch, CoinDesk, Axios and more.
The Injective Ecosystem Fund Overview
The Injective Ecosystem Fund is a venture initiative that will seek to bring unprecedented levels of growth by supporting the best builders on Injective. The core focus will involve backing builders pioneering new ideas across a diverse array of sectors including interoperability, DeFi, trading, PoS infrastructure, rollups and scalability solutions.
Injective is witnessing major growth in developer activity and dApp deployments with projects such as Helix, Frontrunner and White Whale launching on chain. Last week, Astroport, one of the largest AMMs in history also selected Injective as its new L1 destination chain. The venture group was assembled in order to further scale ecosystem growth with partners who believe in Injective and the broader Cosmos vision.
With a mission to advance the adoption of interoperable infrastructure and composable DeFi, the venture group is set up to connect new builders with the right partners within the consortium. Support will be provided via bespoke investments alongside mentorship in technical development, cryptographic research, business development, marketing, community growth and more. The custom mentorship is designed to help Web3 projects scale to the next stage in their evolution.
How Can Builders Get Involved?
To connect with the venture group, builders can submit a quick application that provides details on the idea, the team and the current development stage of the project. Upon submission of your application, members of the Venture Group will review all portions and reach out, should further clarification be needed.
You can learn more about the application process on the official ecosystem fund page on Injective’s website here.
Creating The New Financial Layer for Web3
The Injective Venture Group seeks to further bridge the gap between traditional and decentralized finance.
The industry is on the cusp of a new age of rebirth of the existing financial system — one that decentralizes power, democratizes access, and disintermediates existing centralized authorities. By supporting the builders of tomorrow, the Injective ecosystem can continue on its mission to create an entirely new financial paradigm for the masses that is powered by the core tenets of decentralization.
About Injective
Injective is a lightning fast interoperable layer one blockchain that brings Cosmos and ethereum interoperability to the premier finance applications. Injective provides developers with powerful modules for building exchange, DeFi, derivatives & Web3 apps. INJ is the native deflationary scarce asset that powers the Injective Protocol and its rapidly growing ecosystem. Injective is incubated by Binance and is backed by prominent investors such as Jump Crypto, Pantera and Mark Cuban.
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