In recent months, DORA Factory has been working hard to update and iterate the governance of the decentralized (Defi) sector. This project, which was once popular in 2021 with the name of "Dorayaki", has topped the "Hackathon" value list of the top blockchain technology platform; now it has launched a decentralized public opinion survey infrastructure based on MACI technology to enable multi-chain ecological community governance. This fully demonstrates that DORA is planning a big move and will make a brilliant debut with the second half of the bull market!
Advantages of Dora Factory
Dora Factory is a project incubated by Dorahacks, a geek and developer community in the blockchain field. It was founded in 2014 and has a ten-year history of contribution in the blockchain field. It mainly conducts and organizes blockchain hackathons, project funding Grants, Bounties, etc. to stimulate the development of the blockchain industry.
As a provider of foundational services, Dora Factory has established Dora DAO, innovatively launching the MACI privacy anonymous voting system and the Dora Vota governance tool, which is DAO-as-a-Service. This approach can significantly reduce the costs of decentralized governance, ensuring that blockchain projects can operate stably.
In short, blockchain public goods are infrastructure services that are difficult to monetize, such as wallets, block explorers, on-chain data dashboards, etc. Although these services are hard to generate benefits, they are crucial for the development of blockchain. Therefore, they have become an important part of the rapid development during the blockchain bull market. Dora Factory has filled this important gap and has become one of the few dominant participants in the market.
Decentralized governance layout MACI
In addition to its long-term layout in foundational tracks, Dora Factory has also attracted strong interest from capital. For example, in 2021, Dorahacks received an $8 million investment from Binance, and in 2022, it secured $20 million in financing. After incubating Dora Factory, it received a $10 million investment from institutions such as Nomad Capital and No Limit Holdings this year.
At the same time, this year, Dora Factory conducted an airdrop event for 1.04 million Cosmos stakers, becoming one of the representatives of large-scale airdrops in history. This has also increased the enthusiasm and motivation of blockchain users to participate in community governance. Currently, Dora Factory supports blockchain ecosystems such as Cosmos, Aptos, and BNB Chain, and has established reliable validator nodes.
MACI (Minimal Anti-Collusion Infrastructure) is a solution to address fairness issues in governance. It protects privacy through zk technology. MACI no longer provides on-chain voting credentials, only displaying voting results, thus protecting the anonymity of votes and avoiding the common issues of collusion or personal influence in the real world. It features both anonymous voting and anti-collusion. The advantage of MACI is that it avoids the Matthew effect, which concentrates project resources among the strong, allows for funding and maintenance of public infrastructure, and ensures a fairer decentralized governance process, avoiding potential governance flaws.
Potential opportunities brought by mainnet upgrades
Decentralized governance is a key point in the long-term development of blockchain. Initially, Dora Vota was mainly based on the Cosmos chain, and to further expand its reach, Dora Factory underwent a mainnet upgrade, enhancing its security. Besides the upgrade, the official team also optimized the aMACI interface and updated product functionalities, including distinguishing between aMACI and MACI, and optimizing the search experience. After the mainnet upgrade, the token voting power increased to 11.67 million DORA, which indirectly indicates the market's optimism regarding this mainnet upgrade.
The technical threshold of ordinary MACI is relatively high, which poses certain challenges for blockchain community members. Therefore, Dora Factory's Vota acts as a no-code platform that allows for easy deployment of voting functions. aMACI stands for anonymous MACI, which mainly eliminates the trust requirement for MACI operator administrators, allowing anyone to become an aMACI operator. The official team has also launched a front-end user interface, enabling anyone to easily deploy voting. This upgrade primarily lowers the usability threshold of Dora Vota, which is of significant value for the widespread application of Dora Vota's mainnet.
Conclusion
Although the application layer of blockchain has developed rapidly in recent years and has played an important role in real-world scenarios, infrastructure remains one of the important directions at present. With the increase of public chains L1/L2, supporting foundational projects have also become key to the maturity of blockchain, such as Chainlink, which gained market attention and support during the last bull market.
The decentralized governance solution formed by Dora Factory's reliance on the developer community is also an important direction for the future development of DAO voting. Additionally, this track has relatively little competition, combined with Dora Factory's advantages and the market demand for DAO governance voting from numerous projects during the bull market, it represents an important development opportunity for Dora Factory.