Financial institutions are increasingly turning to the potential of decentralized finance, using blockchain technology similar to that of cryptocurrency. However, development in that area is time consuming and prohibitively expensive. Injective aims to bring traditional finance institutions together with the decentralized finance ecosystem by providing an optimized blockchain and numerous modules to support decentralized app development.
Although cryptocurrency and blockchain-related firms are struggling against strong economic headwinds, Injective remains bullish about the future of decentralized finance in the Web3.0 sector. Centralized exchanges are likely to remain vulnerable to liquidity and stability issues and so users will look for infrastructure and tools that will allow them to have access to their finances at all times.
Injective also has substantial funding that it is using to develop new toolkits and upgrades for the Injective ecosystem, as well as to support developers on the platform. It is also investing in software engineering talent as well as marketing to promote community growth. These advancements for the company position it well to lead the charge in decentralized finance and drive innovation within the web 3.0 space, making tits future a one of excitement.
Kirsty
Company Specialist at Welcome to the Jungle
