DAO-as-a-Service infrastructure Dora Factory closed seed funding
Summary
Dora Factory is one of the first blockchain projects that aim to build an open infrastructure for decentralized autonomous organizations on Substrate. Substrate offers a unique tool to build an open platform for on-chain governance protocols,” said Eric Zhang, the architect of Dora Factory. Designed to revolutionize how DAOs work, Dora Factory introduced an innovative token economics model that incentivizes developers to build modules on Dora Factory’s parachain and receive fees when DAOs use their pallets. “Dora Factory provides a playground where DAOs can be easily created and equipped with cool pallets that serve their crucial needs for governance, fundraise, collaboration, administration and more,” Zhang said. Dora Factory’s first batch of key pallets has been developed by HackerLink, DoraHacks’ blockchain developer platform, offering blockchain-based tools, such as quadratic funding, bounty, BUIDL and online hackathons to foster blockchain open-source innovation.