Cryptocurrency

Dora Factory, the leading decentralized governance infrastructure, announced the closing of another $10 million strategic raise. Nomad Capital, No Limit Holdings, Sky9 Capital, Singapore’s UOB-Signum Blockchain Fund, Interop Ventures, Cai Wensheng’s Longling Capital, and nine other renowned institutional investors joined the round. The raise will accelerate the adoption and strategic expansion of Dora Factory’s decentralized governance and public goods funding tech stack.Dora Factory is a leading infrastructure focused on decentralized governance and public goods technology. Its core products include the flagship Public Good Staking infrastructure, which enables block incentive driven ecosystem funding; Dora Vota, a Cosmos SDK appchain hosting dGov protocols; anonymous MACI and general MACI, the privacy-preserving, collusion-resistant zk voting infrastructure, and the multi-chain Quadratic Governance protocol stack, the on-chain mechanism that democratizes public goods funding. Last week, the Cosmos Hub community approved governance proposal No.917 and a $1 million grant to AEZ Quadratic Grant to run ten rounds of Quadratic Funding in the next 24 months via Dora Factory’s Voting appchain, Dora Vota. All of the funding will be distributed to public good builders and start-ups in the Cosmos Hub and related ecosystems building a prosperous ATOM Economic Zone.Earlier this year, Dora Factory announced its first strategic round led by dao5, a new venture capital firm founded by former Polychain General Partner Tekin Salimi, and Whampoa Digital, co-founded by Amy Lee, a former senior partner at Lee & Lee, a Singapore law firm started by Lee Kim Yew and Singapore’s first prime minister, Lee Kuan Yew and his wife. Prior to this, Dora Factory had raised a total of $17.5 million in 2021, with investors including Binance Labs, HashKey, and The LAO.”Building leading public goods funding and governance infrastructure is a critical step for the Dora team to advance the global hacker movement and drive frontier tech innovation,” said Eric Zhang, Architect of Dora Factory. “We are humbled to receive much support from our ecosystem partners and the Web3 community. In fact, decentralized governance has a deep and interesting tech stack, and we are still at a very early stage. There are a lot of exciting developments ahead. The work from Dora Factory during the past three years has laid a solid foundation for them.”Since its founding in 2020, Dora Factory has dedicated itself to the research and development of decentralized governance infrastructure and applications. Over 2,000 startups have secured $20 million in grants on-chain with Dora Factory’s infrastructure.Over 30 Web3 ecosystems, including Aptos, Celestia, Injective, Klaytn, and Akash, have worked closely with Dora Factory as their core ecosystem partner and adopted Dora Factory’s protocol stacks. Through Public Good Staking, an innovative initiative created by the Dora Factory team in 2022, they have provided long-term, block-native, sustainable funding support to public goods builders and early-stage developer teams. “The assets under governance for on-chain communities has grown to a hundred-billion dollar scale. Now is the golden era for governance technology,” said Erick Zhang, Partner of Nomad Capital. “Dora Factory has become the industry’s cornerstone public goods infrastructure after four years of dedicated development and iteration. We are thrilled to support the Dora team in their mission to empower developers, foster innovation in the Web3 space, and expand the adoption of new technologies, including aMACI, through this investment.””Dora Factory’s development of Dora Vota and anonymous privacy voting technology demonstrates their leadership in Web3 governance and public good funding. This is a crucial piece of blockchain’s value proposition, and we recognize their impact with millions of votes cast and over 2000 projects receiving funding via QF. Our investment is a first step in continuing to support their effort.” said Gin Chao, Founding Partner of No Limit Holdings. “With support from new investors, we are excited to grow the Dora Factory ecosystem further. Our plans include innovations in multi-chain quadratic funding and Public Good Staking, encouraging developers to expand the use cases of anonymous MACI, and building new governance apps on Dora Vota. Our goal is to deliver a suite of products that provide an exceptional experience for on-chain communities and teams working on frontier technologies,” commented Steve Ngok, core contributor to Dora Factory.About Dora FactoryDora Factory builds protocols and infrastructures to enable decentralized governance and efficient funding for the global hacker movement, open-source communities, and Web3 public goods. Dora Factory’s flagship Public Good Staking is one of the fastest-growing multi-chain staking infrastructures, providing block-native incentives to grow the next generation of blockchains. Dora Vota is a special-purpose blockchain for decentralized governance, supporting general MACI interface, anonymous MACI, and quadratic governance rounds.To use Dora Factory products, go to DoraFactory.org.For more information, visit research.dorahacks.ioContactCommunity contributorChris LeeDora [email protected] article was originally published on Chainwire More

As the deadline for the SEC to reveal its decision on spot Ethereum ETFs is drawing closer, Mow began to slam Ethereum-based ETFs. In a recent tweet, this “$1 million Bitcoin” advocate wrote that he is expecting them to be beaten by Bitcoin-based ones.Besides, he believes now is the last time for holders to sell Ethereum at a good price against Bitcoin.For those who are in doubt, the Bitcoin maximalist suggested comparing demand for both BTC and ETH on other markets and said it is important to consider that Ethereum will not give staking rewards.Mow concluded his tweet by saying that now is “the last chance to sell ETH above 0.05 BTC.”In the comments to his root tweet, Samson added that he expects the news of the potential approval to become one of the biggest “sell the news events” this year.When a commentator pointed out that there is no company of the scale of MicroStrategy, which is acquiring Ethereum now in the same amounts as Michael Saylor’s company, is accumulating Bitcoin.Contrary to Mow, Bitcoiner and VC investor Anthony Pompliano believes that the potential approval of Ethereum ETFs by the SEC could become “the last dam to be broken” before the U.S. approves the entire cryptocurrency space.The BlackRock (NYSE:BLK) fund remains the leader among ETFs, with $92 million coming into it on Wednesday. On May 21, BlackRock’s IBIT had the largest inflow over the past 32 trading days – $291 million.This article was originally published on U.Today More

This article was originally published on U.Today More

Multipool, a leading innovator in the blockchain and cryptocurrency industry, launched their Fjord Foundry LBP on May 21st, raising $200k in the first 24 hours. Making waves in the crypto industry, Multipool is taking a leading role in the marketplace transforming the trading landscape for real-world assets (RWAs) and cryptocurrencies.Multipool PartnershipsMultipool is supported by some of the industry’s best companies, including BSO, Mobilum, NxGen, Hacken, and IMMIN8 Labs. Leveraging their knowledge, contacts, experience and expertise, Multipool aims to make waves in the industry and give users the opportunity to never have CEX again.To learn how to participate in the Fjord Foundry LBP, refer to the guide here.For more information on Multipool and its features, please visit:Website – www.multipool.financeTelegram – t.me/multipoolfiX – www.x.com/multipoolfiAbout MultipoolMultipool is a cutting-edge decentralized exchange (DEX) transforming the trading landscape for real-world assets (RWAs) and cryptocurrencies. Multipool is designed for fairness and equality, featuring a fully decentralized on-chain order book, deep liquidity through dynamic bracket pools, and seamless trading of RWAs and cryptocurrencies. Utilizing world-class innovations including industry-first FIX APIs, low latency networks, zero price impact auctions, trustless RFQs, peer-to-peer repo lending, and MEV bot protection, Multipool sets a new standard in DeFi trading. Experience unparalleled efficiency and security in your trading journey with Multipool – The DEX with CEX appeal.Multipool is the source of this content. This Press Release is for informational purposes only. The information does not constitute investment advice or an offer to invest.ContactPublic Relations ManagerAngie [email protected] article was originally published on Chainwire More

Crypto analyst Ali has identified a key supply zone for Bitcoin, situated between $70,180 and $70,600, where over 450,000 addresses have collectively acquired approximately 273,000 BTC. The supply zone is an important area on the price chart that often acts as a barrier to upward price movements. It is where a large number of Bitcoin was previously bought, and holders may look to break even or take profits, potentially leading to increased selling pressure. Following a steady rebound from May 1 lows of $56,500, Bitcoin reached highs of $71,980 on May 21 before encountering resistance. At the time of writing, BTC was sustaining its declines from the prior day, down 1.91% in the last 24 hours to $69,998. If Bitcoin manages to break above the $70,600 level with strong volume, it could signal a continuation of the bullish trend. This would likely attract additional buyers, pushing the price higher and potentially establishing a new support level.On the other hand, if Bitcoin faces significant selling pressure within this range, it could lead to a price rejection and subsequent pullback. This scenario would indicate that many holders want to realize profits, resulting in temporary resistance.Another possibility is that Bitcoin consolidates below this range for a while. This would imply a balance between buyers and sellers ahead of a major price movement.As Bitcoin considers its next move, price behavior around the $70,000 mark would be closely watched given the sheer volume of BTC accumulated in this area. Based on the MVRV Pricing Bands, Ali believes that if Bitcoin continues to trade above $65,125, the next local BTC peak before a temporary drop around $77,593.This article was originally published on U.Today More

Bitcoin Pizza Day commemorates the first time Bitcoin was used for a real-world transaction. On May 22, 2010, Laszlo Hanyecz, a programmer and early Bitcoin enthusiast, made history by buying two pizzas for 10,000 BTC. At the time, the transaction was valued at around $41. Today, those 10,000 BTC would be worth nearly $700 million, highlighting the dramatic increase in Bitcoin’s value over the past 14 years.Bitcoin’s price increase from its inception to the present is nothing short of astonishing. When Hanyecz made his now-famous purchase, Bitcoin was virtually unknown and traded for less than a cent.Fast forward to 2014, and Bitcoin had already seen substantial growth, trading at around $400. Today, Bitcoin has not only achieved mainstream recognition but also established itself as a legitimate asset class with a market cap of over $1.38 trillion. Gabor Gurbacs, Former Director of Digital Asset Strategy at VanEck, spotlights Bitcoin’s meteoric rise of more than 17,400% over the last 10 years as the celebration of Bitcoin Pizza Day gets underway. “10 years ago Bitcoin traded around nearly $400 per BTC, today it’s trading around $70,000 that is a 17,400% increase,” Gurbacs wrote in an X post. At the time of writing, BTC was trading at $70,133, having reached a record high of $73,750 in mid-March. Over the last decade, Bitcoin has not only survived but thrived, experiencing a growth spurt that has rarely been seen in the financial world. The celebration of BTC Pizza Day is not just about reminiscing over pizzas bought with Bitcoins; it is a day that highlights the incredible journey of Bitcoin’s value appreciation. In commemoration of the historic event, crypto exchanges and platforms posted celebratory messages on social media, as well as promoting crypto campaigns and giveaways in recognition of Bitcoin’s evolution.This article was originally published on U.Today More

Avocado DAO, a leading Web3 gaming guild, is proud to announce the launch of their new event, Bumpathon. This event celebrates the introduction of Bumpies Brawl Quest, an incremental idle game incubated by Avocado DAO. The event will run until May 30, 2024, offering participants the chance to win a prize pool of $1,400 worth of ETH and various exciting rewards. Avocado DAO’s mission is to foster and empower Web3 gaming communities, offering scholarships in games such as Axie Infinity, Heroes of Mavia, and more. It also invests in promising Web3 gaming projects and incubates its own projects, such as the Bumpies NFT collection and Bumpies Brawl Quest, establishing itself as a leader in Web3 community gaming. The Bumpies Brawl Quest game utilizes the Bumpies NFT collection on Base network.The collection was launched by Avocado DAO in early 2024, and serves as a dynamic ecosystem connecting Avocado’s digital ID with its questing platform and partner products. The collection features multiple rarities—common, rare, epic, and galactic—each designed to provide additional advantages for users in the upcoming Avocado products. This utility-based NFT’s initial functionality includes integration into Bumpies Brawl Quest, an incremental idle game within the Bumpies ecosystem. Future integrations will expand into Avocado’s partner ecosystems, offering various benefits across different projects.Bumpies Brawl Quest is an on-chain incremental idle game that requires a Bumpie NFT to play. Similar to classic Tamagotchis, players raise digital pets (Bumpies) to interact, brawl, and play mini-games. As the game progresses, characters level up, unlock room upgrades and new battlefields. The game requires players to raise and interact with their Bumpies featuring competitive PVP brawls and daily Pachinko games, providing players with numerous opportunities to earn $ETH rewards. The rarity of a Bumpie NFT multiplies the reward mechanism, adding a gacha element in collecting higher rarity Bumpies.Inspired by popular on-chain games like Frenpet and Xpet, this game offers its unique flavor with enhanced visuals, entertaining characters, and, most importantly, a strong sense of community. Avocado DAO’s Bumpies Brawl Quest aims to push the boundaries of Web3 game development, providing a polished, on-chain gaming experience.Here’s how to participate in the Bumpathon:ContactNisha RameshAvocado [email protected] article was originally published on Chainwire More

GoMining, a premier Bitcoin mining company operating nine top-notch data centers worldwide, has prepared an exciting lineup of community activities to celebrate the annual Bitcoin Pizza Day. The festive program will culminate with the launch of a unique Pizza Miner collection and a big community contest with amazing prizes, including a one-year supply of pizza, 2,000 GOMINING tokens, and three supercharged NFT miners from the celebratory drop.The Pizza Miner NFT CollectionThe festive Pizza Miner NFT drop will comprise only 50 digital miners with unique pizza-style designs, each one optimized for outstanding mining performance and daily Bitcoin rewards for their lucky holders. Each Pizza Miner will represent a computing power of 16 TH/s with an incredible energy efficiency of 20 W/TH.The limited drop will become available for purchase on May 22 at 3 PM UTC, giving anyone prompt a chance to grab a unique NFT with real utility by GoMining. The Pizza Miner collection will be available on GoMining’s primary marketplace and the festive landing page.GoMining Pizza Miner CompetitionThose willing to try their luck and creativity will have a real chance to compete for three Pizza Miners from the latest collection, as well as a 2,000 GOMINING token prize and a one-year supply of pizza from GoMining in a community competition, also starting on May 22.To participate, entrants must share a creative post on X (formerly Twitter), Instagram, or Facebook (NASDAQ:META) with any authentic creation, such as a photo, collage, meme, or video, that includes three essential elements: pizza, Bitcoin, and GoMining. The final requirement is to use the hashtags #pizzaminer and #bitcoinpizzaday and tag the official GoMining account on the chosen platform.The Festive DiscountAs a cherry on top, GoMining is happy to introduce a three-day-long 10% discount on all new 2 TH/s and 4 TH/s-charged digital miners available with the PIZZAMINER promo code until May 26. The discount is also available directly via this link.When reached for a comment regarding the Bitcoin Pizza Day celebration, Mark Zalan, GoMining CEO, congratulated the crypto community and emphasized his deep belief in Bitcoin.GoMining NFTsVirtual miners are NFTs by GoMining, backed with a real share of computing power ranging between 1 and 5,000 TH/s, depending on the NFT and its level. Each NFT can be easily upgraded in both computing power and energy efficiency attributes, allowing holders to scale their output with just a few clicks.BTC mining rewards for holding an NFT are delivered daily to any wallet, whether internal or external, of the holder’s choice.GOMINING TokenThe native token of the GoMining ecosystem, GOMINING, is accessible on both the Ethereum (ETH) and Binance Smart Chain (BSC) blockchains. The token is currently available on various exchanges, including Gate.io, Bitfinex, Bitget, MEXC, and Uniswap.GOMINING is utilized for various on-platform payments, including NFT purchasing and upgrading, as well as granting access to an additional 10% discount for electricity fees.ContactSeva [email protected] article was originally published on Chainwire More