Disclaimer: This content is a sponsored article. Bitcoinsistemi.com is not responsible for any damages or negativities that may arise from the above information or any product or service mentioned in the article. Bitcoinsistemi.com advises readers to do individual research about the company mentioned in the article and reminds them that all responsibility belongs to the individual.
Singapore, May 23, 2024 – Dora Factory, a leading decentralized governance infrastructure, announced the completion of another $10 million strategic raise. Nomad Capital, No Limit Holdings, Sky9 Capital, Singapore’s UOB-Signum Blockchain Fund, Interop Ventures, Cai Wensheng’s Longling Capital and nine other well-known institutional investors participated in the round.
The increase will accelerate the adoption and strategic expansion of Dora Factory’s decentralized governance and public goods financing technology stack.
Dora Factory is a leading infrastructure focused on decentralized governance and public goods technology. Its core products include enabling block incentive-focused ecosystem financing. flagship Public Good Staking infrastructure; Cosmos SDK, a Cosmos SDK application chain that hosts dGov protocols Dora Vota; anonymous MACI and public MACIa privacy-preserving, collusion-proof zk voting infrastructure and on-chain mechanism that democratizes public goods financing multi-chain Quadratic Governance protocol stack There are.
Last week, the Cosmos Hub community approved governance proposal 917 and a $1 million grant to AEZ Quadratic Grant to run ten rounds of Quadratic Funding over the next 24 months through Dora Vota, Dora Factory’s Voting app chain. All funding will be distributed to public interest creators and start-ups in the Cosmos Hub and related ecosystems building a prosperous ATOM Economic Zone.
Earlier this year, Dora Factory launched dao5, a new venture capital firm founded by former Polychain General Partner Tekin Salimi, and Lee Kim Yew, a former senior at Lee & Lee, a Singapore law firm founded by Singapore’s first prime minister, Lee Kuan Yew, and his wife. announced its first strategic round led by Whampoa Digital, founded by partner Amy Lee. Before this, Dora Factory had raised a total of $17.5 million in 2021 with investors such as Binance Labs, HashKey and The LAO.
“Building leading public goods financing and governance infrastructure is a critical step for the Dora team to advance the global hacker movement and foster pioneering technology innovation,” said Eric Zhang, Architect of Dora Factory. “We are delighted to receive great support from our ecosystem partners and the Web3 community. In fact, decentralized governance has a deep and interesting technology stack, and we are still at a very early stage. There are many exciting developments ahead of us. Dora Factory’s work over the last three years has laid a solid foundation for these.”
Since its founding in 2020, Dora Factory has been committed to the research and development of decentralized governance infrastructure and applications. More than 2,000 startups received $20 million in on-chain grants with Dora Factory’s infrastructure.
More than 30 Web3 ecosystems, including Aptos, Celestia, Injective, Klaytn, and Akash, have worked closely with Dora Factory as a core ecosystem partner and adopted Dora Factory’s protocol stacks. Through Public Good Staking, an innovative initiative created by the Dora Factory team in 2022, they provided long-term, block-local, sustainable financing support to public domain creators and early-stage developer teams.
“Assets under governance for communities on-chain have reached a scale of hundreds of billions of dollars. Now is the golden age for governance technology,” says Erick Zhang, Partner at Nomad Capital. “After four years of dedicated development and iteration, Dora Factory has become the cornerstone public goods infrastructure of the industry. “With this investment, we are excited to support the Dora team in their mission to empower developers, drive innovation in the Web3 space, and expand the adoption of new technologies, including aMACI.”
“Dora Factory’s development of Dora Vota and anonymous privacy voting technology demonstrates its leadership in Web3 governance and public interest financing. This is a crucial part of blockchain’s value proposition, and with millions of votes cast and over 2000 projects receiving funding through QF, we recognize its impact. “Our investment is the first step in continuing to support their efforts.” said Gin Chao, Co-Founder of No Limit Holdings.
“We are excited to further grow the Dora Factory ecosystem with the support of new investors. Our plans include innovating in multi-chain quadratic funding and Public Interest Staking, encouraging developers to expand use cases of anonymous MACI, and building new governance practices on Dora Vota. “Our goal is to deliver a product suite that provides an exceptional experience for on-chain communities and teams working on leading-edge technologies.”
About Dora Factory
Dora Factory creates protocols and infrastructures to enable decentralized governance and efficient funding for the global hacker movement, open source communities, and Web3 public goods. Dora Factory’s flagship Public Good Staking is one of the fastest growing multi-chain staking infrastructures, providing block-native incentives to grow next-generation blockchains. Dora Vota is a special-purpose blockchain for decentralized governance that supports public MACI interface, anonymous MACI, and quadratic governance rounds.
To use Dora Factory products, go to DoraFactory.org.
For more information, visit research.dorahacks.io