Injective Labs

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Injective Labs
Company typeCompany
IndustryFintech
Founded2018
FounderEric Chen and Albert Chon
Number of employees
39
Websitehttps://injectivelabs.org/

Injective Labs is a research and development company co-founded by Eric Chen and Albert Chon in 2018.[citation needed] Injective Labs focuses on creating Web3 infrastructure and finance technologies. It is one of the core contributors to Injective.[1][2][3]

History[edit]

In March 2021, Injective Labs acquired a Banksy artwork titled "Morons (White)" for $95,000 from Taglialatella Galleries in New York.[4][5][6][7] The company subsequently destroyed the artwork in a public act of burning, which was broadcast live on their Twitter account, BurntBanksy.[8][9]

In May 2022, the company integrated Wormhole to boost its cross-chain capabilities, streamlining asset transfers across multiple blockchains.[10]

In August 2022, Injective Labs raised US$40 million to be used to create a layer 1 blockchain optimized for financial applications.[11]

In January 2023, as reported by TechCrunch, launched its $150 million venture group to support decentralized applications (dApps) built on Injective.[12]

Further reading[edit]

  • Bobby Ong, Lucius Fang, Benjamin Hor, Erina Azmi, Win Win Khor: So geht DeFi - Für Fortgeschrittene (January 27, 2022, Reading.Capital, 340 pages) ISBN 9783982157962
  • The Wall Street Era is Over: The Investor's Guide to Cryptocurrency and DeFi, the Decentralized Finance Revolution (DeFiYield, 209 pages) ISBN 9781527295360
  • Lucius Fang, Erina Azmi, Benjamin Hor, Khor Win: WinHow to DeFi: Advanced (July 2021, CoinGecko, 290 pages)

References[edit]

  1. ^ Melinek, Jacquelyn (2023-01-25). "Injective launches $150M ecosystem fund to accelerate interoperable infra and DeFi adoption". TechCrunch. Retrieved 2023-10-03.
  2. ^ VietnamPlus (2023-04-26). "Lĩnh vực AI-crypto thu hút sự chú ý của giới đầu tư tiền kỹ thuật số | Tài chính | Vietnam+ (VietnamPlus)". VietnamPlus (in Vietnamese). Retrieved 2023-10-03.
  3. ^ 増田雅史 (監修) (2023-02-13). 圖解NFT一看就上手(電子書) (in Chinese). 碁峰資訊股份有限公司. ISBN 978-626-324-371-2.
  4. ^ "Blockchain company buys and burns Banksy artwork to turn it into a digital original - CBS News". www.cbsnews.com. 2021-03-04. Retrieved 2023-10-03.
  5. ^ Jeffries, Stuart (2021-03-09). "Flying cats and a burning Banksy: why are digital art prices suddenly rocketing?". The Guardian. ISSN 0261-3077. Retrieved 2023-10-03.
  6. ^ "Banksy art burned, destroyed and sold as token in 'money-making stunt'". BBC News. 2021-03-09. Retrieved 2023-10-03.
  7. ^ Dingle, Simon; Sidley, Steven Boykey (2022-01-06). Beyond Bitcoin: Decentralised Finance and the End of Banks. Icon Books. ISBN 978-1-78578-831-4.
  8. ^ "Banksy art burned, destroyed and sold as token in 'money-making stunt'". BBC News. 2021-03-09. Retrieved 2023-10-03.
  9. ^ "В США купили картину Бэнкси за 95 тысяч долларов. Затем ее сожгли, чтобы превратить в токен". Новая газета (in Russian). 2021-06-28. Retrieved 2023-10-03.
  10. ^ "DeFi: Injective adds Solana, Avalanche, Polygon interoperability with Wormhole integration". ZDNET. Retrieved 2023-11-17.
  11. ^ Melinek, Jacquelyn (2022-08-10). "Jump Crypto leads Injective's $40M round to expand DeFi apps". TechCrunch. Retrieved 2023-10-03.
  12. ^ FinSMEs (2023-01-25). "Injective Launches $150M Ecosystem Group". FinSMEs. Retrieved 2023-10-03.
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