Injective (blockchain)
{{Infobox cryptocurrency
| currency_name = Injective
| code = INJ
| image_1 = Injective logo.png
| white_paper = https://injective.com/INJ_Tokenomics_Paper.pdf
| initial_release_date = {{Start date and age|2018}}
| code_repository = https://github.com/injectivelabs
| status = Active
| author = Eric Chen
Albert Chon
| source_model = Open source
| website = {{URL|injective.com}}
| block_explorer = https://explorer.injective.network/
}}
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.{{cite web |title=Injective Labs Cofounders: Eric Chen, Albert Chon |url=https://www.forbes.com/profile/injective-labs/ |website=Forbes |publisher=Forbes |access-date=15 August 2024}}
In December, Injective launched a Testnet for a DeFi trading platform built on top of its layer.{{Cite web |last=Butcher |first=Mike |date=2020-12-03 |title=As crypto comes back, Binance-backed Injective Protocol launches Testnet for its DeFi trading platform |url=https://techcrunch.com/2020/12/03/as-crypto-comes-back-binance-backed-injective-protocol-launches-testnet-for-its-defi-trading-platform/ |access-date=2023-09-28 |website=TechCrunch |language=en-US}} In April 2021, the platform raised $10{{nbsp}}million in a "party" funding round with participation from billionaire Mark Cuban.{{Cite web |last=Butcher |first=Mike |date=2021-04-20 |title=Injective Protocol raises $10M from Pantera Capital, Mark Cuban for its 'DeFi Robinhood' |url=https://techcrunch.com/2021/04/20/injective-protocol-raises-10m-from-pantera-capital-mark-cuban-for-its-defi-robinhood/ |access-date=2023-09-28 |website=TechCrunch |language=en-US}}
In July, Injective underwent a "CosmWasm mainnet" upgrade in order to bring scalable smart contracts to Injective.{{Cite web |title=DeFi: Injective Protocol's 'CosmWasm' upgrade adds more functionality for developers and users |url=https://www.zdnet.com/finance/blockchain/defi-injective-protocols-cosmwasm-upgrade-adds-more-functionality-for-developers-users/ |access-date=2023-09-28 |website=ZDNET |language=en}}
In January 2023, Injective launched a $150{{nbsp}}million fund ecosystem initiative to accelerate interoperable infrastructure and DeFi adoption.{{Cite web |last=Melinek |first=Jacquelyn |date=2023-01-25 |title=Injective launches $150M ecosystem fund to accelerate interoperable infra and DeFi adoption |url=https://techcrunch.com/2023/01/25/injective-launches-150m-ecosystem-fund-to-accelerate-interoperable-infra-and-defi-adoption/ |access-date=2023-09-28 |website=TechCrunch |language=en-US}}