TL;DR
- Dora Factory secured $10 million in funding led by Nomad Capital and No Limit Holdings, among other institutional investors.
- The funds will accelerate the adoption of key products such as the infrastructure for participation in public goods and ZK voting technology, essential for democratizing public goods funding in the Web3 space.
- The approval of a $1 million grant by the Cosmos Hub community through the Dora Vota application will drive ten rounds of Quadratic Funding to support startups and public goods builders in the Cosmos Hub ecosystem.
Dora Factory, the renowned infrastructure for decentralized governance and public goods funding, has successfully secured funding of $10 million. The round was led by Nomad Capital, No Limit Holdings, and other institutional investors.
The funds raised will enable Dora Factory to accelerate the adoption of its key products, which include the infrastructure for participation in public goods, the Dora Vota application based on CosmosSDK, ZK voting technology to preserve privacy, and the multi-chain quadratic governance infrastructure. These tools are crucial for democratizing public goods funding and promoting innovation in the Web3 space.
We are glad to announce a second round of strategic raise for Dora Factory's development, with participation from Nomad Capital, No Limit Holdings, UOB Venture – Signum Blockchain Fund, Sky9 Capital, Longling Capital, Interop Ventures, and 9 other renowned institutional… pic.twitter.com/D2jp7nv3Rx
— Dora Factory (@DoraFactory) May 23, 2024
The Cosmos Hub community has approved a governance proposal to grant $1 million to AEZ Quadratic Grant through the Dora Vota application. The initiative will fund ten rounds of Quadratic Funding over the next 24 months, with the aim of supporting public goods builders and startups in the Cosmos Hub ecosystem to build a thriving ATOM Economic Zone.
Dora Factory: Driving Innovation in Web3
Dora Factory is making a significant impact on decentralized governance and public goods funding. The company has closely collaborated with over 30 Web3 ecosystems. Including Aptos, Celestia, Injective, Klaytn, and Akash, providing tools and solutions to strengthen their communities.
Since its foundation in 2020, it has conducted extensive research and promotion of the development of decentralized governance infrastructures. Over 2,000 startups have secured $20 million in on-chain grants through its platform.
The Dora Factory team has ambitious plans for the future, including innovations in multi-chain quadratic funding. Expansion of the use of anonymous voting technologies, and development of new governance applications. Their goal is to offer an exceptional experience for on-chain communities and teams working on cutting-edge technologies.
