Overview of DoraHacks
Introduction
DoraHacks is a prominent figure in the world of Web3 development, known for its extensive hackathon organization and creation of a multifaceted, multi-chain developer community. Established in 2014, it aims to foster innovation and collaboration in various industries through Web3 technology.
Global Reach and Impact
The platform has established a global presence, hosting over 100 hackathons in 15 cities across 8 countries. With partnerships exceeding 400, DoraHacks has engaged over 300,000 hackers worldwide, making it a significant force in the Web3 development space.
Platform Services
Hackathons
DoraHacks organizes and facilitates hackathons, where community members can learn, develop teams, and build projects. These events are crucial for fostering innovation and collaboration within the Web3 ecosystem.
BUIDLs Program
The BUIDLs initiative allows users to submit and develop Web3 projects. This program bridges the gap between hackers, investors, and developers, providing a platform for project exposure and development.
DAO Bounties
DoraHacks offers DAO bounties, enabling communities to engage in problem-solving and contribute to projects in return for rewards. This approach leverages the collective expertise of its community for project advancement.
Grants and Funding
The platform offers a unique approach to funding through quadratic voting, allowing community participation in funding decisions. These grants primarily focus on cryptocurrency infrastructure, deep technology, and intersecting areas.
Timeline and Funding
Key Funding Milestones
- May 18, 2022: DoraHacks secured a $20 million Series B1 round led by FTX and Liberty City.
- November 2024: An $8 million venture round from Binance Labs marked a significant funding milestone for DoraHacks.
Community and User Engagement
Active User Base
DoraHacks.io boasts an active user base of around 250,000 worldwide, with the community contributing to over 2000 projects. These projects have collectively received over $21.5 million in grants and hackathon prizes.
Ecosystem Partnerships
Over 40 major Web3 ecosystems currently utilize Dora infrastructures to fund their open-source communities, highlighting DoraHacks’ role as a key enabler in the Web3 domain.
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