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

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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 CapitalLeadBitex 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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Anthony Cuthbertson

Anthony is an experienced writer, interested in everything decentralized since 2019. Before joining Crypto.News, he wrote for some of the top DeFi and CeFi outlets, bringing in millions of views and educating readers with his knowledge of the industry.