Billionaire investor and tv persona Mark Cuban welcomed the expansion of the Injective INJ/USD blockchain, a venture by which he has made strategic investments, on Tuesday.
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Cuban All Reward For Venture, CEO Chen
Cuban shared on X a Fortune report on Eric Chen, the CEO and co-founder of Injective, that traced his journey and his firm’s progress.
“Leta Go !!! Injective,” Cuban mentioned, expressing enthusiasm and assist. Chen replied, “Thanks.”
The report detailed how Chen dropped out of New York College at 19 to launch Injective whereas finding out finance and mining Ethereum ETH/USD, and grew it right into a $1.3 billion entity in solely seven years.
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One among Cuban’s Favorite Crypto Initiatives
Based in 2018, Injective is a Layer-1 blockchain aiming to create a “free and honest” decentralized monetary system.
Cuban is among the many notable traders, alongside Binance, BitGo and Pantera Capital, who backed the startup with a $56 million financing. Cuban cited Injective’s decentralized setup and transparency as causes for investing.
As of this writing, Injective had over $31 million in complete worth locked, in accordance to knowledge from DeFiLlama.
Final yr, he revealed that Injective was one among his favourite cryptocurrency tasks exterior of Bitcoin BTC/USD and Ethereum.
Value Motion: On the time of writing, INJ was buying and selling at $12.69, down 6% within the final 24 hours, in accordance with knowledge from Benzinga Professional. 12 months-to-date, the coin has tumbled 35%.
Picture Courtesy: Kathy Hutchins on Shutterstock.com
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