TLDR:
- ContributionDAO raised $2.8M in Seed funding led by KASIKORN X Venture Capital.
- They plan to use the funds to expand their reach in the Southeast Asian-wide blockchain market.
ContributionDAO, a Singapore-based provider of an institutional-grade staking platform, secured $2.8M in Seed funding. The round was led by KASIKORN X Venture Capital (KXVC), along with support from other blockchain projects and angels. The company aims to enhance community management tools for global blockchain projects and extend their presence in the Southeast Asian-wide blockchain market.
ContributionDAO offers an institution-grade staking platform and is actively developing products on infrastructure and application levels, like Proofsquare.xyz and Lightlayer.xyz. Proofsquare.xyz is a community infrastructure suite that provides smart automation and a virtual assistant for managing global communities with ease. Meanwhile, Lightlayer.xyz is an Ethereum execution client designed for validator and staking services, offering lightweight, scalable, and instant synchronization.
The platform currently manages over $400 million in assets in its node staking platform and has attracted over 10,000+ community contributors and investors. By January 2024, ContributionDAO had already contributed to several global blockchain projects, including Axelar, Sui, Celestia, and Sei network, among others.
