Dora Ventures Announces First Closing of Appchain Thesis Fund
Dora Ventures has announced the first closing of its Appchain Thesis Fund, which focuses on investing in cutting-edge Appchains and related infrastructures with a primary-secondary hybrid mandate. The fund emphasizes support for its portfolio on decentralization, governance, and global open source developer community engagement. This fund is also the first Dora Venture fund that includes external Limited Partners (LPs) who offer strategic alliances and are committed to the long-term development of appchain innovations.
Zooming In: Focus on Appchain Infras and Appchain Ecosystems
Dora Ventures’ dedication to the Appchain sector is two-fold. It recognizes the foundational importance of robust and scalable infrastructure for Appchains, placing a strong emphasis on investments in this area. Additionally, Dora Ventures actively engages with and invests in the broader Appchain ecosystem, identifying the game-changers and industry-shapers of tomorrow.
Steve Ngok and Eric Zhang’s Vision
Steve Ngok, Partner of DoraHacks and Managing Director of Dora Ventures, commented on the unfolding pace of Appchains and their accelerating development. Eric Zhang, Founder of DoraHacks, emphasized the importance of a holistic approach and the crucial focus on Appchain infrastructure through this particular Dora Venture fund’s portfolio.
Looking Forward
As Dora Ventures celebrates this moment, it also looks forward to deploying capital into more exciting Appchain opportunities in the upcoming years. The company aims to solidify its position at the forefront of Appchain innovation.
About DoraHacks
DoraHacks is a global hackathon organizer and one of the world’s most active multi-chain Web3 developer platforms. It creates a global hacker movement and provides crypto native toolkits to help developers around the world team up and fund their ideas via hackathons, bounties, grants, grant DAOs, and public good staking. Over 4000 projects from the DoraHacks community have received over $40 million in grants and other forms of contributions from supporters worldwide.
Hot Take: Investing in Tomorrow’s Innovation
Dora Ventures’ focus on supporting cutting-edge Appchains and related infrastructure through strategic partnerships marks an exciting development in the crypto space. By actively engaging with the broader Appchain ecosystem, they are positioning themselves at the epicenter of accelerating innovation within this rapidly evolving sector. As they continue to deploy capital into promising opportunities, their commitment to driving forward-thinking solutions underscores their role as leaders in shaping the future of blockchain technology.
San Francisco, United States, November 8th, 2023, Chainwire
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