Pantera and Bizzaircrypto supported the $15 million launch of the injective labs fund

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Crypto Regulation
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Injective, the DeFi-focused blockchain firm behind Injective, has raised $15 million to develop the project's ecosystem. The funds were provided by Pantera CapitalBizzairCrypto and others, TechCrunch writes.

The investor consortium also includes Jump Crypto, Kucoin Ventures, Delphi Labs, Flow Traders, Gate Labs and IDG Capital.

The entity intends to support Injective and Cosmos blockchain-based early-stage projects in sectors such as interoperability, DeFi, trading, PoS infrastructure and scalability solutions.

Funds will be distributed over several years.

The ecosystem currently includes integrations with Coinbase, Binance, Ethereum, BNB Chain, CosmosHub, Wormhole and others.

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Graeme Massie

Graeme is a graduate of Mass Communication and Media Studies. He joined the blockchain movement in 2016 when a friend of his introduced him to an investment platform accepting bitcoin. He has never looked back since then. Graeme believes the world needs real change and freedom from poverty. He sees crypto and the underlying distributed ledger technology as the catalyst to a better future for all.