Galaxy, a financial services and investment management innovator in the digital asset, cryptocurrency, and blockchain technology sectors, is officially joining Injective as its latest validator. This will be an invaluable addition to Injective’s leading cohort of global validators that help to secure the proof-of-stake (PoS) Injective network.
Galaxy is a digital asset and blockchain leader providing institutions, startups, and qualified individuals access to the crypto economy. Among its services, Galaxy partners with digital asset builders such as Injective to create infrastructure that supports the integrity of various protocols and ecosystem projects.
Institutional validators such as Galaxy will further help to expand the rapidly growing institutional inflow into the broader Injective ecosystem. In addition to Galaxy, Injective is working with Jump Crypto, Brevan Howard, and Cumberland to create a modern, transparent, and efficient financial system.
“Injective provides a bespoke infrastructure stack that is ideal for institutional onboarding. We are thrilled to have Galaxy, which is undoubtedly one of the leading institutions in crypto today, join Injective in further developing the network as a whole,” said Injective Labs co-founder and CEO, Eric Chen.
The Injective active validators also help the blockchain to achieve a block time of just ~1 second, which is one of the fastest block times in crypto. In addition, Injective has faced zero chain halts or issues since launching its mainnet in late 2021. Organizations such as Binance, Figment and Chorus One are already helping to validate Injective.
“Injective is helping to lay the foundation for the institutional adoption of blockchain technology,” said Zane Glauber, head of Galaxy’s Strategic Opportunities group. “We’re excited to help validate the Injective network as part of our broader efforts to build a deep, diverse digital asset ecosystem.”
Injective is a lightning fast interoperable layer one blockchain optimized for building the premier Web3 finance applications. Injective provides developers with powerful plug-and-play modules for creating unmatched dApps. INJ is the native asset that powers Injective and its rapidly growing ecosystem. Injective is incubated by Binance and is backed by prominent investors such as Jump Crypto, Pantera and Mark Cuban.