Cosmos Hub Approves $1 Million Grant for Dora Factory’s Quadratic Funding Initiative
The Latest in Cosmos:
The Cosmos community recently made a significant decision with Governance Proposal No.917. Dora Factory and DoraHacks sought a $1 million grant from the Cosmos Hub community treasury to fund ten rounds of Quadratic Funding over the next two years.
Community Support:
This proposal generated widespread discussions and received overwhelming support, with over $1 billion worth of ATOM voting in favor. The approval rate soared to 91.9%, marking a historic moment for the Cosmos Hub.
A New Era:
Following the green light on Gov Proposal 917, Dora Factory and DoraHacks unveiled the second AEZ Quadratic funding program. This initiative signifies a long-term commitment to funding projects within the Cosmos ecosystem, commencing in May 2024 and running until May 2026.
Public Goods Funding Unveiled:
Public goods funding plays a crucial role in the Web3 industry, encompassing essential services accessible to all. In the crypto realm, public goods may include various blockchain components and user-facing applications.
Dora Factory’s Contribution:
Dora Factory stands as a pioneer in decentralized governance infrastructure and public goods funding protocols. Their innovative products cater to empowering the global Hacker Movement and open-source communities.
Advancing Quadratic Funding:
Multi-Chain Quadratic Funding, championed by Dora Factory, facilitates collaborative support for projects and public goods across ecosystems. This approach has been successfully implemented in various crypto networks.
Enhanced Governance:
Furthering their commitment to progressive initiatives, Dora Factory introduced aMACI, fostering voter anonymity and eliminating collusion in on-chain governance. This breakthrough underscores the ongoing evolution of decentralized voting systems.
Empowering the Community:
Through the Community Incentive Fund, Dora Factory injects fun and excitement into public goods funding, engaging meme and NFT projects to broaden participation and support within the community.
Looking Ahead:
With strategic financing secured and a solid foundation in place, Dora Factory remains dedicated to exploring innovative solutions for funding inefficiencies and nurturing governance and public goods funding in the multi-chain ecosystem.
Contact Chris Lee at [email protected]
