Injective (blockchain)

Injective
Industry	Web3
Founded	2018
Founder	Eric Chen and Albert Chon
Website	https://injective.com/

Injective (INJ) is a blockchain optimized for Web3 finance.

History

Injective was launched by Injective Labs, which was founded by Eric Chen and Albert Chon in 2018 through the first incubation program hosted by Binance Labs.^[1]

In December, Injective launched a Testnet for a DeFi trading platform built on top of its layer.^[2] In April 2021, the platform raised $10 million in a “party” funding round with participation from billionaire Mark Cuban.^[3]

In July, Injective underwent a "CosmWasm mainnet" upgrade in order to bring scalable smart contracts to Injective.^[4]

In January 2023, Injective launched a $150 million fund ecosystem initiative to accelerate interoperable infrastructure and DeFi adoption.^[5]

References

^ "Injective Labs Cofounders: Eric Chen, Albert Chon". Forbes. Forbes. Retrieved 15 August 2024.
^ Butcher, Mike (2020-12-03). "As crypto comes back, Binance-backed Injective Protocol launches Testnet for its DeFi trading platform". TechCrunch. Retrieved 2023-09-28.
^ Butcher, Mike (2021-04-20). "Injective Protocol raises $10M from Pantera Capital, Mark Cuban for its 'DeFi Robinhood'". TechCrunch. Retrieved 2023-09-28.
^ "DeFi: Injective Protocol's 'CosmWasm' upgrade adds more functionality for developers and users". ZDNET. Retrieved 2023-09-28.
^ Melinek, Jacquelyn (2023-01-25). "Injective launches $150M ecosystem fund to accelerate interoperable infra and DeFi adoption". TechCrunch. Retrieved 2023-09-28.

[forbes30-1] "Injective Labs Cofounders: Eric Chen, Albert Chon". Forbes. Forbes. Retrieved 15 August 2024.

[2] Butcher, Mike (2020-12-03). "As crypto comes back, Binance-backed Injective Protocol launches Testnet for its DeFi trading platform". TechCrunch. Retrieved 2023-09-28.

[3] Butcher, Mike (2021-04-20). "Injective Protocol raises $10M from Pantera Capital, Mark Cuban for its 'DeFi Robinhood'". TechCrunch. Retrieved 2023-09-28.

[4] "DeFi: Injective Protocol's 'CosmWasm' upgrade adds more functionality for developers and users". ZDNET. Retrieved 2023-09-28.

[5] Melinek, Jacquelyn (2023-01-25). "Injective launches $150M ecosystem fund to accelerate interoperable infra and DeFi adoption". TechCrunch. Retrieved 2023-09-28.

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