Dora Factory gets $10M for decentralized governance transformation. 💰⚡
Dora Factory, a leader in decentralized governance infrastructure, has raised $10 million in a recent strategic funding round. The funding, led by prominent investors such as Nomad Capital, No Limit Holdings, Sky9 Capital, UOB-Signum Blockchain Fund, Interop Ventures, and Longling Capital, will accelerate the development and adoption of their innovative technology stack.
🔹Innovative Product Suite
Dora Factory's cutting-edge offerings include:
Public Good Staking: Enhances ecosystem financing via staking incentives.
Dora Vota: A Cosmos SDK application chain supporting decentralized governance.
zk Voting Infrastructure: Ensures privacy and collusion-resistant voting through MACI technology.
Quadratic Governance Protocol Stack: Democratizes public goods financing with a multi-chain approach.
🔹Recent Milestones
The Cosmos Hub community recently awarded a $1 million grant to Dora Factory for their quadratic funding through Dora Vota, aiming to support public good creators and startups within the Cosmos ecosystem.
🔹Previous Fundraising Efforts
This latest funding round follows previous investments, including a $17.5 million raise in 2021 from investors like Binance Labs and HashKey, and an earlier strategic round led by dao5 and Whampoa Digital.
🔹Future Plans
Dora Factory's future initiatives include:
- Enhancing multi-chain quadratic funding.
- Innovating Public Good Staking.
- Promoting anonymous MACI for secure voting.
- Developing new governance applications on Dora Vota.
🔹Leadership Insights
Eric Zhang, Architect of Dora Factory, emphasizes strong public goods financing and governance infrastructure. Erick Zhang, Partner at Nomad Capital, and Gin Chao, Co-Founder of No Limit Holdings, highlight Dora Factory's key role in advancing public goods infrastructure and Web3 governance. Since 2020, Dora Factory has given over $20 million in grants to 2,000+ projects on-chain, aiming to empower developers and spur Web3 innovation further.
