Injective (blockchain)

Cryptocurrency

Injective

Denominations
Code| INJ
Development
Original author(s)| Eric Chen
Albert Chon
White paper| https://injective.com/INJ_Tokenomics_Paper.pdf
Initial release| 2018; 7 years ago (2018)
Code repository| https://github.com/injectivelabs
Development status| Active
Source model| Open source
Ledger
Block explorer| https://explorer.injective.network/
Website
Website| injective.com

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

## History

[edit]

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

[edit]

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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