https://techcrunch.com/2023/01/25/injective-launches-150m-ecosystem-fund-to-accelerate-interoperable-infra-and-defi-adoption/

Injective, a layer-1 blockchain focused on building financial applications, has launched a $150 million fund ecosystem initiative, the platform’s CEO and co-founder, Eric Chen, told TechCrunch.

“We’ve seen a lot of ecosystem funds in the past do various things, but there isn’t really an established ecosystem fund for Injective and Cosmos as a whole,” Chen said. “We call it a venture consortium because they can get investments from there or direct institutions.”