Curated News
By: NewsRamp Editorial Staff
May 15, 2024

Cosmos Hub Approves $1 Million Grant to Dora Factory for Quadratic Funding Initiative

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TLDR

  • Dora Factory secures $1 million grant for Quadratic Funding, gaining a competitive advantage in the Cosmos Hub ecosystem.
  • Quadratic Funding allows token-holder communities to support early-stage projects and public goods within various ecosystems.
  • Dora Factory's funding initiative aims to provide sustainable and effective funding for public goods, making the world a better place.
  • Dora Factory is the first to advocate for multi-chain quadratic funding, bringing an interesting and educational approach to public goods funding.

Impact - Why it Matters

This news is important for the crypto and blockchain community as it marks a significant milestone in the funding of public goods within the Cosmos ecosystem. The approval of the grant and the launch of the quadratic funding program will have a positive impact on the development and sustainability of public goods, infrastructure, and applications within the Cosmos Hub. It also demonstrates the growing support and interest in native Quadratic Funding, providing a model for other ecosystems to follow.

Summary

A major event in Cosmos is the recent passing of Governance Proposal No.917: a request by Dora Factory and DoraHacks for a $1 million grant from the Cosmos Hub community treasury. This grant will support ten rounds of Quadratic Funding within the Cosmos Hub ecosystem over the next two years. Following the approval of this proposal, Dora Factory, in collaboration with DoraHacks, has officially announced the second AEZ (ATOM Economic Zone) quadratic funding program, marking the launch of the first long-term funding initiative. The passing of Gov Proposal 917 brings native Quadratic Funding to the Cosmos Hub for the first time.

Source Statement

This curated news summary relied on content disributed by News Direct. Read the original source here, Cosmos Hub Approves $1 Million Grant to Dora Factory for Quadratic Funding Initiative

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