NEW YORK, Aug. 10, 2022 /PRNewswire/ -- Injective, a blockchain built for finance, today announced a new $40 million funding round led by Jump Crypto.
BH Digital, the crypto arm of famed hedge fund manager Alan Howard, has also joined the round.
Injective is the first fully decentralized smart contracts platform optimized for building decentralized finance applications such as exchanges, derivatives, prediction markets, and options. Finance dApps, such as Injective Pro and Frontrunner, leverage Injective's interoperable blockchain alongside its out-of-the-box cross-chain primitives, such as an on-chain order book and binary options module, to power a new ecosystem of connected DeFi applications.
The new capital will allow Injective to increase utility for the native INJ token, provide liquidity to existing dApps built on Injective, and support new dApps on Injective via investments. Jump has previously engaged in similar comprehensive deals with popular blockchains such as Solana...
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