First Closing of Appchain Thesis Fund by Dora Ventures
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. This fund also prioritizes decentralization, governance, and global open source developer community engagement.
This is the first Dora Venture fund to include external Limited Partners (LPs), who offer strategic alliances and are committed to the long-term development of appchain innovations.
Focus on Appchain Infras and Appchain Ecosystems
Dora Ventures is dedicated to the Appchain sector in two key areas:
Appchain Infrastructure (Appchain Infras): The fund places a strong emphasis on investments in robust and scalable infrastructure for Appchains, recognizing its foundational importance.
The Appchain Ecosystem: Dora Ventures actively engages with and invests in the broader Appchain ecosystem, identifying game-changers and industry-shapers of tomorrow.
In a statement, Steve Ngok, Partner of DoraHacks and Managing Director of Dora Ventures, emphasized the rapid pace at which Appchains are unfolding, citing successful projects like Dydx, Injective, and Akash as testaments to this acceleration. Eric Zhang, Founder of DoraHacks, highlighted the importance of a holistic approach, stating that a solid infrastructure is crucial for fully realizing the potential of Appchains.
Looking Forward
Dora Ventures looks forward to deploying capital into more exciting Appchain opportunities in the upcoming years, solidifying 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. More than 4000 projects from the DoraHacks community have received over $40 million in grants and other forms of contributions from supporters worldwide. A large number of open source communities, DAOs, and more than 100 major blockchain ecosystems are actively using Dora’s infrastructure for open source funding and community governance.
Hot Take: The Future of Appchains Looks Bright
Dora Ventures’ focus on investing in cutting-edge Appchains and related infrastructures positions them at the forefront of this rapidly unfolding sector. With its commitment to decentralization, governance, and global open source developer community engagement, Dora Ventures is well-positioned to continue driving innovation in the Appchain space for years to come.
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