TLDR:
Key Points:
- ContributionDAO, a Singapore-based platform, has secured $2.8 million in funding from KASIKORN X Venture Capital (KXVC).
- The funding will help ContributionDAO develop new staking products, support its global community, and grow its presence in the Southeast Asia blockchain market.
ContributionDAO, a Singapore-based platform that offers staking and community management solutions for blockchain projects, has secured $2.8 million in a seed funding round led by KASIKORN X Venture Capital (KXVC), the VC arm of Thailand’s largest commercial bank. The funding will help ContributionDAO develop new staking products, support its global community, and grow its presence in the Southeast Asia blockchain market.
The platform aims to connect global blockchain projects to Southeast Asia by providing node and community management services. ContributionDAO has contributed to several global blockchain projects and recently launched ProofSquare.xyz, a tool that allows contributors to verify how their funds are used by the projects they support.
The funding from KASIKORN X will allow ContributionDAO to expand its staking services across Southeast Asia and continue its mission of democratizing the funding process for open-source projects. The company currently holds over $400 million in assets under management in its node-staking platform with over 10,000+ community contributors and investors.
ContributionDAO has a social and educational component, as it seeks to raise awareness among citizens about the benefits of cryptocurrencies and educate merchants and consumers about the advantages of new payment systems. The platform is a pioneer in decentralized finance and aims to bridge the gap between global blockchain projects and Southeast Asia.
Source: Thailand Business News
