Cosmos Hub approves $ 1 million subsidies for Dora Factory for the Quadratic financing initiative

Singapore, Singapore, May 15th, 2024, Chainwire

An important event in Cosmos is the recent adoption of the governance proposal No. 917: An application by Dora Factory and Doraahack on a grant of $ 1 million from the community fund of the Cosmos Hub. With this grant, ten rounds of square financing within the Cosmos Hub-Ecosystem will be supported in the next two years.

As one of the greatest funding applications of the Ministry of Finance, this proposal triggered extensive discussions within the Cosmos community and received overwhelming support. Atom worth over $ 1 billion, including large validators and main donors from Cosmos, voted for it. The approval rate reached 91.9 %, which makes government proposal 917 on the application with the highest approval rate in the history of the Cosmos Hub.

After the approval of this proposal, Dora Factory has officially announced the second square financing program of the AEZ (Atom Economic Zone) in cooperation with Dorahacks and thus marks the start of the first long -term financing initiative. This square funding program has a term of two years, starting on May 15, 2024 and ending in May 2026.

The adoption of government proposal 917 for the first time brings native square financing to the Cosmos Hub.

What is the financing of public goods?

The financing of public goods is a frequently discussed concept in the web3 industry. In general, public goods refer to goods or services that everyone can use.

In the crypto area, public goods can include blockchain infrastructure, memory, developer tools, software middleware and user-oriented applications such as block explorers, data dashboards and wallets.

Due to their inherent transparency and verifiability, crypto and blockchain are ideal instruments for financing public goods.

The financing of public web3 goods is also faced with numerous challenges.

• lack of coordination between the various parties involved in the financing of public goods (foundations, institutions, Daos, developers and municipalities).
• There is a lack of sustainable and effective financing mechanisms.
• The financing of public goods is often perceived as uninteresting.

Enter the Dora Factory, which has set itself the goal of building an infrastructure that enables a large -scale introduction to the financing of public goods.

Dora Factory: Infrastructure for public goods

Dora Factory is a leading decentralized governance infrastructure and a multi-chain protocol stack to finance public goods, which is launched and supported by Dorahacks, the developer and financing platform for public goods in the industry. His products include the public good staking infrastructure and Dora Vota, an Appchain for coordination and governance that should strengthen the global hacker movement, open source communities and daos.

Multi -chain square financing: Communities and ecosystem builders coordinate

What is square financing? With native token donations, token owner communities can support high-quality early phase projects and public goods in various ecosystems and thus promote better cooperation between foundations, communities and developers.

The first and only team in the industry that develops and promotes this approach is Dora Factory a real market leader in the field of square multi-chain financing. It has successfully used native square financing in numerous mainstream crypto ecosystems, including BNB Chain, Solana, Polygon, Aptos, Cosmos Hub, Injective and Avalanche.

Stecking of public goods: Provision of sustainable financing of public goods

at the end of 2022 Dora Factory introduced the concept of public good staking. By operating the underlying infrastructure such as validators, they earn native block rewards that are continuously used to finance multi-chain developers and ecosystems for public goods.

Dora Factory has promoted public goods in the Minnets and tests of over 30 ecosystems and achieved a TVL (Total Value Locked) of over $ 400 million, which corresponds to sustainable annual financing of up to $ 10 million

In the future, Dora Factory will explore opportunities to use cryptocurrencies for financing state -of -the -art technology areas such as space technology, quantum computers, artificial intelligence and biomedical research.

community incentive find: so that the financing of public goods is more fun

Dora Factory has launched the community incentive find in order to make the process of financing public goods more appealing and entertaining. Top memory and NFT projects such as Celestias Celestine Sloth Collection, Injective Ninja, Aptos Gui Inu and Aptos Monkeys have become partners of the community incentive find. Through retroactive Airdrops and playful donations, these projects have more fun financing public goods and received contributions and donations of almost 100,000 unique addresses in various communities.

anonymous minimum anti-collusion infrastructure (amaci): Introduction of data protection technology into on-chain-governance of public goods

maci is a cryptographic technology that is designed to identify and eliminate agreements in the best possible way in voting. In the years 2022 and 2023, the Dora Factory team worked with ethdenver, 0x and OpenSea to introduce data protection against crypto hackathons. Maci has significantly improved data protection and reduced agreements in governance and coordination in the chain.

In 2024, Dora Factory introduced Amaci and added the anonymity of the voters to prevent agreements between the election initiator and the operator. This further improves the privacy and reduces the usage threshold for Maci voting. This is an important step towards future large -scale decentralized election systems.

Dora Vota: Open infrastructure for the financing of public goods

Dora Vota is a multi-chain governance and coordination infrastructure. Voting and interoperability protocols such as IBC will provide a modular coordination and governance infrastructure, such as square and play financing modules and grant distribution mechanisms. As the first permission to go to the scaling of coordination in the chain, Dora Vota developers will offer a valuable playground and open up more opportunities for the financing of public goods and a decentralized community government.

Recently Dora Factory secured strategic financing of DAO5, Whampoa Digital and Angel investors such as its own-layer co-founder Calvin Liu. This is the first strategic round of a new financing series since Dora Factory's capital increase of $ 17.5 million in 2021.

While Dora's commitment to public goods is growing and the ecosystem of Vota is mature, the team is convinced that Dora Factory will continue to look for new solutions for traditional financing inefficiencies and thus accelerate the maturity of governance and the financing of public goods in the multi-chain ecosystem.

contact

Community-actor
Chris Lee
Dora-Fabrik
[Email Protected]