Dora Factory finalized new strategic raises and announced new ecosystem partnerships.

adminDecember 14, 2023

Singapore, Singapore, December 14, 2023, Chainwire

Dora Factory, a leading protocol specializing in decentralized governance and multichain funding for public goods, has successfully secured a new strategic investment led by dao5. This funding round, which also includes contributions from Whampoa Digital and seven other leading investors, marks a significant expansion of Dora Factory’s capabilities.

This influx of capital will help Dora Factory build advanced infrastructure for its flagship public good staking product, support essential public good funding and pioneering research, and enhance Dora Vota, a newly launched specialized app chain for advanced voting and decentralized governance. Reinforces our mission.

With this new investment round, Dora Factory is expanding its list of partnerships, including launching the app chain’s second round of funding for Cosmos ecosystem contributors at Dora Vota.

The plan launched by Dora Factory represents a stark contrast to the traditional primary investment model prevalent in the cryptocurrency space, which is often criticized for its lack of fundamental value. Dora Factory’s new strategic raise round highlights the overwhelming fundamentals that have been built over the past 24 months.

Dora Factory stands out as a model of sustainable growth and long-term survival. For over two years, Dora Factory has demonstrated its commitment to delivering concrete results, with impressive growth of public validators, expansion to over 30 ecosystems, and soaring total value to over $250 million.

Tekin Salimi, founder and general partner of dao5, commented on the strategic importance of this investment: “Dora Factory is an important part of the decentralized governance and public goods financing infrastructure for various cryptocurrency ecosystems. “While many long-standing projects have been undervalued in the recent bear market, dao5 is excited to commit new capital and hands-on support services to revitalize the value of the Dora community.”

Peter Huo, Co-CIO of Whampoa Digital, added: “Dora Factory is similar to Y-Combinator in the Web3 world, but powered entirely by Web3-based protocols, ecosystem, community, and decentralized builders. It has consistently proven to be an essential building block and catalyst for driving innovation across all participating ecosystems. Driven by our principles of investing in Web3 applications and mass adoption, Whampoa Digital is excited to support Dora Factory’s mission and future growth.”

Dora Factory’s approach to funding public goods across entire industries is a remedial response to the trend toward commercialization of public goods and their funding, which often has a disproportionate impact on local communities. Instead, Dora Factory emphasizes the intrinsic value of public goods and prioritizes sustainable financing mechanisms. Our commitment to community engagement and proven impact cement our reputation as a trusted partner to our founders and the wider community.

Looking to the future, Dora Factory envisions scenarios where public equity is deployed to finance cutting-edge technologies. Leveraging sustainable revenue streams, the protocol aims to support critical research and development in critical areas such as quantum computing, space exploration, and longevity research, positioning it as a forward-thinking leader in public goods financing and Web3 overall.

Eric Zhang, architect at Dora Factory, said: “Dora Factory has already begun significant efforts towards ‘frontier staking.’ This means providing Web3 infrastructure and funding mechanisms to support early-stage space technology startups and communities. As we continue to expand our impact and grow our revenues, Dora Factory is committed to deepening our engagement with these sectors and recognizing their critical role in shaping the future of humanity.”

Dora Factory is an example of a successful model that addresses the inefficiencies of traditional financing models and pioneers a sustainable and impactful approach to funding public goods. With its proven track record, commitment to community engagement, and visionary goals, Dora Factory is uniquely positioned to significantly impact the future landscape of the PoS ecosystem through public goods staking and decentralized governance.

Following Dora Factory’s $17.5 million raise in 2021, this strategic raise will accelerate the process of infrastructure development and public goods financing in the multi-chain world.

About Dora Factory:

Dora Factory creates protocols and technology stacks for decentralized governance, enabling next-generation PoS networks, open source communities, and decentralized organizations through pioneering solutions such as Dora Vota, a public goods staking infrastructure and a purpose-built blockchain for voting and governance. It gives strength to . To learn more about Dora Factory, visit dorafactory.org.

Introduction to dao5:

Founded by former Polychain general partner Tekin Salimi, dao5 is a $125 million experimental cryptocurrency investment fund that will transition into a decentralized autonomous organization.

About Whampoa Digital:

Whampoa Digital is a Web3 VC fund established by Singapore-based Whampoa Group, Whampoa Group. Whampoa Group was co-founded by Amy Lee, a former senior partner at Lee & Lee, a Singapore law firm founded by her father Lee Kim Yew and Singapore’s first Prime Minister Lee Kuan Yew. Another co-founder of the investment group is Hansi Lee, a conglomerate who co-founded Southeast Asian banks OCBC (OCBC.SI) and Lee Rubber Group.