Cosmos is getting a $150 million rocket boost on its way to the moon thanks to Injective. (Reporting via forgeforth_)
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 Ventures, Jump Crypto, Kucoin Ventures, Delphi Labs, IDG Capital, Gate Labs and Flow Traders.
“[I]n terms of stage, the group is primarily targeting early-stage projects , 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.”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. “I don’t think DeFi is meant to attack TradFi. DeFi is supposed to complement TradFi, at least initially," argues
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