Dora Factory & DoraHacks: Funding public goods with Injective
The Dora Factory community and DoraHacks are proud to announce a strategic partnership with the Injective team to help support the growth within the ecosystem.
At DoraHacks, we support and build the hacker movement, and Dora Factory provides the critical infrastructure to achieve our goal. Dora Factory has officially become a public good validator for the Injective blockchain. The key objective of the partnership is to help decentralize the network and drive further growth and development to the already growing Injective ecosystem by helping incentivize developers to continue BUIDLing using the rewards generated from the validator operated by Dora Factory.
Injective Hackathons and GrantDAO on DoraHacks.io
DoraHacks, together with Injective, will be hosting a global hackathon, the first event that we will be hosting together. This hackathon will be a fantastic opportunity for developers to come together and BUIDL on Injective’s blockchain. In addition, there will be a sustainable prize pool from the yield generated from the DoraHacks x Injective partnership and bounties to incentivize developers to build innovative projects.
DoraHacks will host the hackathon using their native platform, dorahacks.io, offering bounties, quadratic funding, privacy voting, and other community governance/funding toolkits. We will also assist in co-hosting workshops and demo sessions with the Injective team for the community to learn more about the Injective ecosystem and gain some know-how about BUIDLing within the Injective ecosystem.
“Injective is excited to be working together with the DORA community due to their ability to provide the best support to developers, and assist with the onboarding of new hackers into the Injective ecosystem. We look forward to the success of our partnership including Injective global hackathons and much more.”
Eric Chen, CEO & Co-Founder, Injective
DoraHacks and Injective will also release a GrantDAO program soon, a long-term sustainable model that will help support BUIDLers who are positively building and contributing towards the injective ecosystem. This model supports developers by allowing them to continue BUIDLing and receive rewards as they reach key milestones. Each round of the Injective GrantDAO will result in winners receiving funding continuously as when one round closes, another opens to continue incentivizing teams to work on their project and consistently build.
“At DoraHacks and Dora Factory we are proud to form this long term partnership with the Injective ecosystem as we believe that DeFi applications play a crucial role within Web3. As a strategic partner we are exciting to support developers building on Injective and look to continue driving the growth in the ecosystem.”
Steve Ngok, Partner, DoraHacks
Injective is a lightning-fast interoperable layer one blockchain that brings Cosmos and Ethereum interoperability to premier finance applications. Injective provides a set of Web3 modules, such as the world’s first fully on-chain order book and derivatives, decentralized bridges, oracles, and a composable smart contract layer with CosmWasm.
Injective uniquely provides powerful core financial infrastructure primitives that applications can leverage, including a fully decentralized MEV-resistant on-chain order book. In addition, all forms of financial markets, such as spot, perpetual, futures, and options, are fully on-chain. In addition, the decentralized cross-chain bridging infrastructure is compatible with Ethereum, IBC-enabled blockchains, and non-EVM chains such as Polygon.
Injective also provides a next-generation, highly interoperable smart contract platform based on CosmWasm, with advanced interchain capabilities. Injective is custom-built with the Cosmos SDK and utilizes a Tendermint-based Proof-of-Stake consensus mechanism, providing instant transaction finality with the ability to sustain lightning-fast performance (10,000+ TPS).
The Injective ecosystem currently includes 100+ projects and over 150,000 community members globally.
About DoraHacks & Dora Factory
DoraHacks is the hacker movement and one of the largest Web3 developer incentive platforms. DoraHacks provides key infrastructures connecting developers with grants and other crucial resources from leading Web3 ecosystems like Binance, Aptos, and Polygon. In 2021, DoraHacks helped 3000+ startups raise $30M in grants. Startups from the Dora community include Skylock, Momentum Safe, Econia, ETHSign, Zecrey, Thetan Arena, Dora Factory, Functionland, CryptoSat, Manta Network, Identdefi, and many more.
Dora Factory is a critical element of the DoraHacks ecosystem that provides the crucial infrastructure to help further fund the hacker movement. Dora Factory validates multiple essential Web3 networks to contribute to decentralization and funding grassroots innovation with our partners via native block rewards.