FTX, Liberty City Ventures Invest $20M in Web3 Dev Platform DoraHacks -Breaking
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FTX, Liberty City Ventures Invest $20M In Web3 Dev Platform. DoraHacks- FTX Ventures has invested $20M in DoraHacks. Liberty City Ventures also participated.
- DoraHacks plans to use the funds to accelerate the launch of certain 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.
DoraHacks plans to use some of the proceeds from the Series B1 investment by FTX Ventures. The company’s projects include Dora Grant DAO, a decentralized grant community, and Dora Infinite Fund, a permanent tech venture.
Circle Ventures and Gemini Frontier Fund were also part of the investment round, as was Sky9 Capital and Crypto.com.
Binance Labs invested $8 million in DoraHacks’ last-year investment fund. Another investment came after, when DoraHacks’ DAO-as-a-service incubation, Dora Factory, raised $20 …
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