Dora Factory gets $10M for decentralized governance transformation. đ°âĄ
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.
đčInnovative 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.
đčRecent 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.
đčPrevious 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.
đčFuture 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.
đčLeadership 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.
