Dora Factory (DORA) Secures $10 Million in Strategic Funding to Propel Blockchain Innovation

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<ul>
  <li>Dora Factory, a leading decentralized governance infrastructure, has announced the completion of an additional $10 million strategic raise.</li>
  <li>The investment round saw participation from notable institutional investors including Nomad Capital, No Limit Holdings, Sky9 Capital, Singapore's UOB-Signum Blockchain Fund, Interop Ventures, and Cai Wensheng's Longling Capital.</li>
  <li>"Creating leading public goods funding and governance infrastructure is a critical step for the Dora team to advance the global hacker movement and promote pioneering technological innovation," said Eric Zhang, Architect of Dora Factory.</li>
</ul>
<p><strong>Dora Factory secures $10 million in strategic funding to accelerate the adoption and expansion of its decentralized governance and public goods funding technology stack.</strong></p>
<h2><strong>Strategic Funding to Propel Growth</strong></h2>
<p>The recent $10 million strategic raise is aimed at accelerating the adoption and strategic expansion of Dora Factory's decentralized governance and public goods funding technology stack. This funding will enable the company to enhance its flagship Public Good Staking infrastructure, which facilitates ecosystem funding driven by block incentives, and further develop its dGov protocols hosted on the Dora Vota Cosmos SDK application chain.</p>
<h3><strong>Notable Investments and Future Prospects</strong></h3>
<p>The investment round saw participation from prominent institutional investors such as Nomad Capital, No Limit Holdings, Sky9 Capital, Singapore's UOB-Signum Blockchain Fund, Interop Ventures, and Cai Wensheng's Longling Capital. This strategic funding is expected to significantly boost Dora Factory's efforts in democratizing public goods funding through its multi-chain Quadratic Governance protocol stack, which includes privacy-preserving, collusion-resistant zk voting infrastructure like anonymous MACI and public MACI.</p>
<h2><strong>Recent Developments and Community Support</strong></h2>
<p>Last week, the Cosmos Hub community approved governance proposal number 917, granting $1 million to the AEZ Quadratic Grant through Dora Factory's Dora Vota voting application chain to conduct ten rounds of Quadratic Funding over the next 24 months. The funds will be distributed to public goods creators and startups within the Cosmos Hub and related ecosystems working towards building a prosperous ATOM Economic Zone.</p>
<h3><strong>Past Achievements and Strategic Partnerships</strong></h3>
<p>Earlier this year, Dora Factory announced its first strategic round led by dao5, a venture capital firm founded by former Polychain General Partner Tekin Salimi, and Whampoa Digital, established by Amy Lee, a former senior partner at Singapore law firm Lee & Lee. Prior to this, Dora Factory raised a total of $17.5 million in 2021 from investors including Binance Labs, HashKey, and The LAO. Since its inception in 2020, Dora Factory has dedicated itself to the research and development of decentralized governance infrastructure and applications, with over 2,000 projects receiving $20 million in grants on-chain through its infrastructure.</p>
<h3><strong>Conclusion</strong></h3>
<p>Dora Factory's recent strategic funding marks a significant milestone in its mission to advance decentralized governance and public goods funding. With strong support from ecosystem partners and the Web3 community, Dora Factory is well-positioned to continue driving innovation and supporting public goods creators and early-stage developer teams through sustainable, block-native funding solutions. The company's ongoing efforts and strategic partnerships are set to lay a solid foundation for future developments in the decentralized governance space.</p>