$1 Million Grant from Cosmos Hub to Dora Factory for Quadratic Funding Initiative

There has been a significant development in the Cosmos ecosystem: Management Proposal No., which includes Dora Factory and DoraHacks' request for a $1 million grant from the community treasury #cosmoshub . 917 confirmed. This grant will support ten rounds of Quadratic Funding across the Cosmos Hub ecosystem over the next two years.

This major treasury funding application sparked widespread discussion and received overwhelming support in the Cosmos community. Including key validators and core Cosmos affiliates, ATOM, with a total value of more than $1 billion, participated in the vote and achieved a 91.9% approval rate, the highest approval rate proposal in Cosmos Hub history.

Following the acceptance of this offer, Dora Factory collaborated with DoraHacks to announce its second AEZ (ATOM Economic Zone) quadratic funding program and launch its first long-term financing initiative. This Quadratic Funding program will start on May 15, 2024 and end in May 2026.

With the passage of Gov Proposition 917, local Quadratic Funding is brought to Cosmos Hub for the first time.

Public goods financing is a frequently discussed topic in the #web3 industry. In general, public goods are goods or services that are available to everyone. In the crypto world, public goods can include blockchain infrastructure, storage, developer tools, software middleware, and user-facing applications such as block explorers (e.g., etherscan.io), data dashboards, and wallets.

Being inherently transparent and verifiable, crypto and blockchain are ideal tools for financing public goods.