As a researcher with a background in blockchain technology and decentralized governance, I am thrilled to see the latest developments at Dora Factory. Their recent $10 million strategic raise from renowned institutional investors is a testament to their leadership role in this space.
Singapore, Singapore, May 23rd, 2024, Chainwire
Dora Factory, the foremost decentralized governance infrastructure, recently completed a strategic investment round of $10 million. Notable institutional investors, including Nomad Capital, No Limit Holdings, Sky9 Capital, UOB-Signum Blockchain Fund from Singapore, Interop Ventures, and Longling Capital led by Cai Wensheng, among nine others, participated in this funding round.
As a researcher studying Dora Factory’s technological advancements, I would express it this way: “The implementation of the salary increase will expedite the adoption and broadening application of Dora Factory’s decentralized governance and public goods financing technology infrastructure.”
Dora Factory is a pioneering entity specializing in decentralized governance and technology for public goods. Key offerings include:
Last week, the Cosmos Hub community endorsed proposal No. 917 and allocated a $1 million grant through Dora Factory’s Voting appchain (Dora Vota) for AEZ Quadratic Funding to execute ten funding rounds within the next 24 months. This funding will primarily support projects in the Cosmos Hub and related ecosystems, fostering a thriving economy centered around ATOM.
This year, I reported that Dora Factory secured its initial strategic funding round, spearheaded by dao5, a recently established venture capital firm headed by Tekin Salimi, former General Partner at Polychain. Additionally, Whampoa Digital, co-founded by Amy Lee, a previous senior partner at Lee & Lee, a renowned Singapore law firm founded by Lee Kim Yew and Lee Kuan Yew, Singapore’s first prime minister and his wife, joined the investment round. Prior to this announcement, Dora Factory had successfully raised a total of $17.5 million in 2021 from investors such as Binance Labs, HashKey, and The LAO.
Eric Zhang, Architect of Dora Factory, expressed the importance of establishing robust public funding and governance structures for Dora’s advancement in the global hacker community and fostering cutting-edge tech innovation: “This is a crucial milestone for our team at Dora,” he remarked. We are deeply grateful for the backing we have received from our ecosystem collaborators and the Web3 community. The realm of decentralized governance boasts an intriguing technological foundation, and we are merely scratching the surface. Brace yourselves for a multitude of fascinating advancements in the near future.” Dora Factory’s accomplishments over the past three years have served as a solid foundation for our ongoing efforts.
As a researcher focused on the field of decentralized governance, I’ve been closely following the work of Dora Factory since its establishment in 2020. With a mission to advance infrastructure and applications for this emerging technology, Dora Factory has facilitated grants totaling over $20 million for more than 2,000 startups through its on-chain system.
As a researcher in the field of on-chain communities and governance technology, I’m excited to report that the value of assets under our care has surpassed the hundred-billion dollar mark. This represents a pivotal moment in the development of governance technology, which we refer to as the golden era.
“Gin Chao, Founding Partner of No Limit Holdings, acknowledges Dora Factory’s pioneering role in Web3 governance and public funding through the creation of Dora Vota and anonymous privacy voting technology. This significant contribution to blockchain’s value proposition has resulted in over 2000 projects receiving funding and millions of votes cast. Our investment marks the beginning of our ongoing commitment to backing their groundbreaking work.”
“With the addition of new financial backers, we’re thrilled to expand the Dora Factory ecosystem. Our roadmap includes advancements in multi-chain quadratic funding and Public Good Staking, motivating developers to broaden the applications of anonymous MACI. Furthermore, we aim to construct new governance tools on Dora Vota. Ultimately, our objective is to offer a range of top-tier products tailored for on-chain societies and teams pioneering cutting-edge technologies.” – Steve Ngok, key member of Dora Factory.
About Dora Factory
As an analyst at Dora Factory, I’m proud to be part of a team that creates the building blocks and frameworks for decentralized decision-making and resource allocation within the global hacker community, open-source projects, and the Web3 ecosystem. Our flagship offering, Public Good Staking, is quickly gaining traction as one of the most popular multi-chain staking infrastructures, incentivizing the growth of the next generation of blockchains directly on the blockchain level.
To use Dora Factory products, go to DoraFactory.org.
For more information, visit research.dorahacks.io
Contact
Community contributor
Chris Lee
Dora Factory
winniedrinkwater@gmail.com
Read More
- BODEN PREDICTION. BODEN cryptocurrency
- GHST PREDICTION. GHST cryptocurrency
- BETA PREDICTION. BETA cryptocurrency
- STRD PREDICTION. STRD cryptocurrency
- Mango Markets Exploiter Found Guilty Of Fraud And Manipulation
- GBP EUR PREDICTION
- MATIC PREDICTION. MATIC cryptocurrency
- LOOKS PREDICTION. LOOKS cryptocurrency
- BRN/USD
- TNSR PREDICTION. TNSR cryptocurrency
2024-05-23 15:33