ContributionDAO, a Singapore-based provider of an institutional-grade staking platform, raised $2.8M in Seed funding.
The round was led by KASIKORN X Venture Capital (KXVC), and other blockchain projects and angels.
The company intends to use the funds to further community management tools for global blockchain projects and expand their reach to the Southeast Asian-wide blockchain market.
ContributionDAO provides an institution grade staking platform and is developing products both on infrastructure and application levels, for example:
- Proofsquare.xyz: a noval community infrastructure suite that offer smart automation and virtual assistant to help manage global community with few clicks away.
- Lightlayer.xyz: an Ethereum execution client that is lightweight, scalable, and instant sync for validator and staking service
The platform currently has over $400 million in assets under management in its node staking platform with over 10,000+ community contributors and investors. As of January 2024, ContributionDAO boasts of contributing to several global blockchain projects such as Axelar, Sui, Celestia, Sei network and others.
FinSMEs
28/02/2024