Binance Labs has announced that it will invest $8 million in hackathon organizer doraHacks.
DoraHacks, which organizes Hackathon events around the world, provides on-chain software support to new entrepreneurs and helps them raise funds for their projects. During this year, members of the DoraHacks community have reached approximately 12 million dollars valued incentives and donations.
As part of the $8 million investment, DoraHacks will host Binance Labs’ Startup accelerator program. The program will last 8 weeks in total. 9 startup projects will attend.
Among the projects that have already participated in the incubation program Polygon and Cere Network is located.