ContributionDAO’s Secures $2.8 Million Funding Round to Expand into Southeast Asia Markets

Key takeaways

• ContributionDAO successfully raises $2.8 million.
• They will use the funding to expand into the Southeast Asia market.
• They released a new feature, ProofSquare.xyz that will increase transparency and accountability in project funding

ContributionDAO represents a pioneering approach in the decentralized finance space. They are focusing on providing contributions to open-source projects and innovative ventures. By leveraging blockchain technology, it aims to democratize the funding process, allowing individual contributors to have a stake in the projects they support. It can be tagged as a community-driven development model.

ContributionDAO successfully raises $2.8 million

ContributionDAO has been at the forefront of redefining how open-source projects and startups receive funding. Past funding rounds have successfully attracted attention from various sectors, and have highlighted the platform’s potential. Earlier today, this Singapore-based platform announced that it had raised $2.8 million in a seed funding round to expand its reach into the Southeast Asia market.

Jom Vimolnoht, Managing Director at KXVC, expressed his enthusiasm for the partnership.

“ContributionDAO is our key strategic partner of KASIKORN X to endorse the Web3.0 ecosystem in Southeast Asia, with their proven capabilities, and the key results of contributing to various global projects, we are excited to work with ContributionDAO to support them in the journey of creating new cutting edge Staking solution, and community management tools that bridge global to local Southeast Asia market.”

A novel community infrastructure suite

In a separate but equally important news, ContributionDAO is set to introduce ProofSquare.xyz. Proofsquare.xyz is a new platform feature designed to enhance transparency and accountability in project funding. This tool will allow contributors to verify how their investments is doing, ensuring that funds are utilized effectively and in alignment with the projects’ goals.