ContributionDAO, a decentralized contribution hub, has secured $2.8 million in a seed funding round led by KASIKORN X Venture Capital (KXVC), the venture capital arm of Thailandโs largest commercial bank, KasikornBank. The funding will be used to expand development in the staking space and develop community management tools. It will also support ContributionDAOโs market share expansion in the Southeast Asia blockchain space and staking market. The seed funding round also saw participation from top Web 3 firms and angel investors, including Axelar, Monad, and Connext.
Jom Vimolnoht, Managing Director of KXVC, stated that ContributionDAO is a key strategic partner for the bankโs entry into the blockchain space. The collaboration aims to create cutting-edge staking solutions and community management tools that bridge the global and local Southeast Asia markets.
The funding will enable ContributionDAO to develop institutional-grade staking solutions across the Southeast Asia region. This will enhance the adoption of ContributionDAOโs solutions and support its global community. The platform will offer non-custodial, regulatory-compliant staking services and will introduce liquid staking for accredited investors, allowing them to maintain flexibility and liquidity in their assets while participating in staking activities. ContributionDAO also plans to implement a slashing coverage solution to enhance the security of clientsโ funds. Additionally, the funding will help bridge global blockchain projects to Southeast Asia through ContributionDAOโs node and community management solution.
ContributionDAO, known for its Web 3 staking innovations, also offers other products such as Proofsquare.xyz and Lightlayer.xyz. Proofsquare.xyz is a community infrastructure suite that automates community management across different countries and cities. With the funding, ContributionDAO aims to enhance global community management for Web 3 communities, facilitating their expansion into broader markets like Southeast Asia. Lightlayer.xyz is an Ethereum execution client that provides a scalable, trustless, and user-friendly platform for validator and staking services.
The recent revival of the crypto market coincides with the Southeast Asia regionโs growing interest in cryptocurrency. This makes the seed funding injection crucial for advancing ContributionDAOโs state-of-the-art solutions across the region. The platform has formed partnerships with global blockchain projects such as Axelar, Sui, Celestia, and Sei network.
In conclusion, ContributionDAO has secured $2.8 million in a seed funding round led by KASIKORN X Venture Capital. The funding will support the development of staking solutions, community management tools, and market expansion in Southeast Asia. With the support of top Web 3 firms and angel investors, ContributionDAO aims to bridge the global and local markets through innovative technologies and collaborations.
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