Pantera and Directcryptos 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 CapitalDirectCryptos 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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Simon is outgoing young lad who likes adventures and discovering new things. Despite his boring life, He loves writing about cryptocurrencies and exploring what blockchain technology can do for the coming digital world where all adventures will be virtual.