Kraken Gives its Support to Injective Labs’ $150M Fund
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Injective Labs, a DeFi-focused blockchain firm, has just attracted $150 million from Pantera Capital, Kraken Ventures and others to develop the project’s ecosystem.
According to the press release, other participants in the fundraising include Jump Crypto, Kucoin Ventures, Delphi Labs, Flow Traders, Gate Labs and IDG Capital.
The aim of the ecosystem is to support Injective and Cosmos blockchain-based projects in the early stages in sectors such as interoperability, DeFi, trading, PoS infrastructure and scalability solutions.
The structure currently includes integrations with Coinbase, Binance, Ethereum, BNB Chain, CosmosHub, Wormhole and more.
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