{"id":543512,"date":"2023-01-25T17:05:00","date_gmt":"2023-01-25T14:05:00","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/injective-launches-150m-ecosystem-fund-to-boost-defi-cosmos-adoption\/"},"modified":"2023-01-25T17:05:00","modified_gmt":"2023-01-25T14:05:00","slug":"injective-launches-150m-ecosystem-fund-to-boost-defi-cosmos-adoption","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/injective-launches-150m-ecosystem-fund-to-boost-defi-cosmos-adoption\/","title":{"rendered":"# Injective launches $150M ecosystem fund to boost DeFi, Cosmos adoption"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a36e7cd429f4\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a36e7cd429f4\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/injective-launches-150m-ecosystem-fund-to-boost-defi-cosmos-adoption\/#%E2%80%9D_Injective_launches_150M_ecosystem_fund_to_boost_DeFi_Cosmos_adoption_%E2%80%9C\" >&#8221; Injective launches $150M ecosystem fund to boost DeFi, Cosmos adoption  &#8220;<\/a><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9D_Injective_launches_150M_ecosystem_fund_to_boost_DeFi_Cosmos_adoption_%E2%80%9C\"><\/span>&#8221; Injective launches $150M ecosystem fund to boost DeFi, Cosmos adoption  &#8220;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<p><img decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjMtMDEvZmU5M2Q3NDAtNzhjOC00NDJiLTkwYjMtMDAwNTQ1MmM0ZGMxLmpwZw==.jpg\" \/><\/p>\n<div class=\"post-content\" data-v-5a4050f8>Injective, a layer-1 blockchain protocol founded in 2018, has launched a $150 million ecosystem fund to support developers building on the Cosmos network.<\/p>\n<p>The so-called ecosystem group is backed by a large consortium of venture capital and Web3 firms, including Pantera Capital, Kraken Ventures, Jump Crypto, Kucoin Ventures, Delphi Labs, IDG Capital, Gate Labs and Flow Traders. According to Injective, the consortium is the largest assembled within the broader Cosmos ecosystem. <\/p>\n<p>Developers selected for the fund will receive support through \u201cbespoke token and equity investments,\u201d in addition to mentorship, technical assistance, business development and marketing, Injective said. Projects building decentralized finance (DeFI) and interoperability infrastructure will be given the highest priority. Funds have also been earmarked for projects building trading platforms, scalability solutions and proof-of-stake infrastructure. <\/p>\n<p>When asked how funds would be allocated, Injective Labs\u2019 co-founder and CEO Eric Chen told Cointelegraph, \u201cThe ecosystem initiative\u2019s <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>roach to allocating funds is to focus on finding the right fit for each project, rather than being too stringent on a set number for funding.\u201d He added: <\/p>\n<blockquote><p>\u201c[I]n terms of stage, the group is primarily targeting early-stage projects (seed to <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/watch-movies-tv-seriess\/\" data-internallinksmanager029f6b8e52c=\"8\" title=\"Watch Movies &amp; TV Series\" target=\"_blank\" rel=\"noopener\">Series<\/a> B), but follow-on funding can also be considered on a case-by-case basis. The size of the funding awarded will vary depending on the stage and needs of the project, with the goal of providing the right level of support for each project to succeed.\u201d<\/p><\/blockquote>\n<p>Injective, also known as Injective Protocol, is a decentralized smart contracts platform built using Cosmos SDK, a development kit that promotes faster and more cost-effective infrastructure than Ethereum. Chen said Cosmos provides more versatility, customization options and horizontal scalability than other blockchains.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">\u201cI don\u2019t think DeFi is meant to attack TradFi. DeFi is supposed to complement TradFi, at least initially,&#8221; argues <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/avalabsofficial?ref_src=twsrc%5Etfw\">@avalabsofficial<\/a>&#8216;s <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/el33th4xor?ref_src=twsrc%5Etfw\">@el33th4xor<\/a> when asked by Cointelegraph&#8217;s reporter <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/gazza_jenks?ref_src=twsrc%5Etfw\">@gazza_jenks<\/a> at the <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/wef?ref_src=twsrc%5Etfw\">@wef<\/a> in Davos. <\/p>\n<p>Do you agree about his thoughts on DeFi&#8217;s purpose? <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/hashtag\/CTWEF23?src=hash&amp;ref_src=twsrc%5Etfw\">#CTWEF23<\/a> <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/BH2VPV2po2\">pic.twitter.com\/BH2VPV2po2<\/a><\/p>\n<p>\u2014 Cointelegraph (@Cointelegraph) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/Cointelegraph\/status\/1615343695951429638?ref_src=twsrc%5Etfw\">January 17, 2023<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Cosmos has a market capitalization of roughly $3.7 billion, making it the 20th largest blockchain network, according to CoinMarketCap.<\/p>\n<p><strong><em>Related: <\/em><\/strong><strong><em>DeFi problems and opportunities in 2023: Market Talks<\/em><\/strong><\/p>\n<p>DeFi entered public discourse in the summer of 2020, with several prominent projects kicking off the crypto bull market shortly after Bitcoin\u2019s quadrennial halvening. Although DeFi activity has slowed over the past year, the sector has been largely immune from the issues plaguing centralized finance, or CeFi, platforms. <\/p>\n<p>\u201cThe decentralized nature of DeFi protocols allows for more transparency and true ownership over funds, which will always be a key advantage over centralized finance,\u201d Chen further explained. <\/p>\n<p><template data-name=\"subscription_form\" data-type=\"crypto_biz\"><\/template><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/injective-launches-150m-ecosystem-fund-to-boost-defi-cosmos-adoption\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8221; Injective launches $150M ecosystem fund to boost DeFi, Cosmos adoption &#8220; Injective, a layer-1 blockchain protocol founded in 2018, has launched a $150 million ecosystem fund to support developers building on the Cosmos network. The so-called ecosystem group is backed by a large consortium of venture capital and Web3 firms, including Pantera Capital, Kraken&#8230;<\/p>\n","protected":false},"author":1,"featured_media":543513,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/cdn-cgi\/image\/format=auto,onerror=redirect,quality=90,width=1200\/https:\/\/s3.cointelegraph.com\/uploads\/2023-01\/fe93d740-78c8-442b-90b3-0005452c4dc1.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74868,75719,117,20093,71745],"class_list":["post-543512","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-defi","tag-funding","tag-business","tag-cosmos","tag-venture-capital"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/543512","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=543512"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/543512\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/543513"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=543512"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=543512"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=543512"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}