Injective Launches $150M Ecosystem Fund Backed by Pantera Capital and Others

Cosmos-based smart contract platform Injective announced the launch of a $150m ecosystem fund, which aims to support developers on Injective and accelerate adoption of DeFi. The fund is backed by Pantera Capital, Kucoin Ventures, Jump Crypto, IDG Capital and others.

The Injective ecosystem fund will support projects that focus on interoperability, DeFi, trading, PoS infrastructure and scalability solutions.