Pantera and Nexcoinbit 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 CapitalNexcoinbit 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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Adam Smith

Adam Mary is a crypto enthusiast and a graduate of The University of Nairobi in economics. Adam’s passion brings her back to her elementary school years as a poet. She enjoys discussing blockchain technology and is committed to producing original content. Adam also covers other rapidly developing markets and economic and cryptocurrency studies.