Layer 1 blockchain Injective launches $150 million ecosystem fund: TechCrunch

Quick Take

  • The fund will be used to accelerate interoperable infra and DeFi adoption. 
  • CEO Eric Chen told TechCrunch there is a lack of an established ecosystem fund for Injective and Cosmos. 

Injective, the Layer 1 blockchain, launched a $150 million ecosystem fund to support interoperable infra and DeFi adoption, TechCrunch reported, citing platform CEO and co-founder Eric Chen.

"There isn’t really an established ecosystem fund for Injective and Cosmos as a whole,” Chen told TechCrunch. “We call it a venture consortium because they can get investments from there or direct institutions.”

The fund will be deployed over a few years, Chen added. Pantera, Jump Crypto, Kraken Ventures, Kucoin Ventures and Delphi Labs, among others, joined in backing the fund that aims to support projects involving interoperability, DeFi, trading, proof-of-stake infrastructure and scalability solutions.


Keep up with the latest news, trends, charts and views on crypto and DeFi with a new biweekly newsletter from The Block's Frank Chaparro

By signing-up you agree to our Terms of Service and Privacy Policy
By signing-up you agree to our Terms of Service and Privacy Policy

Injective raised a $40 million round in a private token sale led by Jump Crypto in August of last year. Jump also acts as a market maker for Injective Pro, one of the ecosystem's decentralized apps.

© 2023 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

About Author

Adam Morgan is a reporter covering cryptocurrency, financial markets, and economics – anything from price movements, earnings reports, and inflation to the U.S. Federal Reserve interest rate decisions and everything in between. Adam is based in London.


To contact the editors of this story:
Nathan Crooks at
[email protected]
Lucy Harley-McKeown at
[email protected]