{"id":292234,"date":"2023-01-25T18:01:05","date_gmt":"2023-01-25T18:01:05","guid":{"rendered":"https:\/\/cryptoslate.com\/?p=292234"},"modified":"2023-01-25T18:01:05","modified_gmt":"2023-01-25T18:01:05","slug":"injective-launches-150m-fund-backed-by-pantera-jump-crypto","status":"publish","type":"post","link":"https:\/\/cryptoslate.com\/injective-launches-150m-fund-backed-by-pantera-jump-crypto\/","title":{"rendered":"Injective launches $150M fund backed by Pantera, Jump Crypto"},"content":{"rendered":"<p>Finance-focused blockchain Injective has launched a $150 million ecosystem fund to accelerate interoperable infrastructure and decentralized finance (DeFi) adoption, according to a Jan. 25 <a href=\"https:\/\/www.prnewswire.com\/news-releases\/injective-launches-150m-ecosystem-group-with-support-from-pantera-capital-jump-crypto-kucoin-ventures-and-delphi-labs-301730193.html\">press release<\/a>.<\/p>\n<p>The focus of the fund will be limited to founders building within Injective and the broader Cosmos ecosystem.<\/p>\n<p>Built using the Cosmos SDK, Injective provides native access to Cosmos IBC-enabled\u00a0chains and\u00a0Ethereum.<\/p>\n<p>The new fund is backed by marquee Web 3.0 firms, including Pantera Capital, Kraken Ventures, Jump Crypto, Kucoin Ventures, Delphi Labs, and IDG Capital, among others. The consortium will support promising projects focusing on interoperability, DeFi, trading, proof-of-stake (PoS) infrastructure, and scalability solutions.<\/p>\n<p>Select Web 3.0 projects will receive bespoke token and equity investments. The projects will also receive mentorship in technical development, cryptographic research, business development, marketing, and community growth.<\/p>\n<p><span class=\"xn-person\">Eric Chen<\/span>, co-founder and CEO of Injective Labs, said in the press statement:<\/p>\n<blockquote><p>&#8220;Developer activity on Injective is rapidly increasing with major projects and this new ecosystem fund will provide unmatched opportunities for new builders entering Web3 and the Cosmos ecosystem overall.&#8221;<\/p><\/blockquote>\n<p>Injective also announced a hackathon to be launched in March with $1 million in prizes, grants, and investments.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Finance-focused blockchain Injective has launched a $150 million ecosystem fund to accelerate interoperable infrastructure and decentralized finance (DeFi) adoption, according to a Jan. 25 press release. The focus of the fund will be limited to founders building within Injective and the broader Cosmos ecosystem. Built using the Cosmos SDK, Injective provides native access to Cosmos [&hellip;]<\/p>\n","protected":false},"author":1386,"featured_media":292253,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[46940],"tags":[],"post_folder":[],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v21.9 (Yoast SEO v21.9.1) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Injective launches $150M fund backed by Pantera, Jump Crypto<\/title>\n<meta name=\"description\" content=\"The fund aims to accelerate DeFi adoption by providing support to founders building within Injective and the Cosmos ecosystem.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptoslate.com\/injective-launches-150m-fund-backed-by-pantera-jump-crypto\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Injective launches $150M fund backed by Pantera, Jump Crypto\" \/>\n<meta property=\"og:description\" content=\"The fund aims to accelerate DeFi adoption by providing support to founders building within Injective and the Cosmos ecosystem.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/cryptoslate.com\/injective-launches-150m-fund-backed-by-pantera-jump-crypto\/\" \/>\n<meta property=\"og:site_name\" content=\"CryptoSlate\" \/>\n<meta property=\"article:published_time\" content=\"2023-01-25T18:01:05+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2023\/01\/injective-funding.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"630\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Monika Ghosh\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cryptoslate\" \/>\n<meta name=\"twitter:site\" content=\"@cryptoslate\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Monika Ghosh\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/cryptoslate.com\/injective-launches-150m-fund-backed-by-pantera-jump-crypto\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/cryptoslate.com\/injective-launches-150m-fund-backed-by-pantera-jump-crypto\/\"},\"author\":{\"@type\":\"Person\",\"@id\":\"https:\/\/cryptoslate.com\/author\/monika-ghosh\/#person\",\"name\":\"Monika Ghosh\",\"url\":\"https:\/\/cryptoslate.com\/author\/monika-ghosh\/\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/cryptoslate.com\/author\/monika-ghosh\/\"},\"image\":{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/cryptoslate.com\/author\/monika-ghosh\/#authorimage\",\"url\":\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2022\/08\/monika-ghosh-author-300x300.jpg\",\"contentUrl\":\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2022\/08\/monika-ghosh-author-300x300.jpg\",\"caption\":\"Monika Ghosh\"},\"jobTitle\":\"Former Reporter\",\"description\":\"Monika started reading about crypto in 2020 and went deeper and deeper down the rabbit hole. 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