FTX, Liberty City Ventures Invest $20M in Web3 Dev Platform DoraHacks
- FTX Ventures and Liberty City Ventures have invested $20M in DoraHacks.
- DoraHacks will utilize the funding to speed up the launch of some of its initiatives.
- The incentive platform is also the co-host of Binance Labs’ incubation program.
FTX Ventures, the venture arm of cryptocurrency exchange FTX, and Liberty City Ventures have invested $20 million in DoraHacks, a multi-chain Web3 developer incentive platform, to expedite the hacker movement’s initiatives.
Following the Series B1 investment led by FTX Ventures and Liberty City Venture, DoraHacks will utilize the funding to speed up the launch of some of its initiatives. The company’s projects include Dora Grant DAO, a decentralized grant community, and Dora Infinite Fund, a permanent tech venture.
The investment round also saw the participation of Circle Ventures, Gemini Frontier Fund, Sky9 Capital, Crypto.com, and Amber group.
Last year, DoraHacks secured an $8 million investment fund from Binance Labs. Another investment came after, when DoraHacks’ DAO-as-a-service incubation, Dora Factory, raised $20 ...
Read more: https://coinquora.com/ftx-liberty-city-ventures-invest-20m-in-web3-dev-platform-dorahacks/
Text source: News – CoinQuora – Latest Cryptocurrency and Block
