It is often difficult to directly make changes on the blockchain consensus level. The team at Dora Factory is working to develop solutions for a sustainable blockchain ecosystem through public good staking. Sponsored content by DoraFactory:
and architect of Dora Factory. Dora Factory has recently launched innovative solutions for funding public goods in blockchain ecosystems through public good staking, as well as unique ways to create governance structures among a global decentralized network of BUIDLers.
Dora Factory is an infrastructure project born out of DoraHacks in 2020, officially launched in 2021. Let’s start with the first problem: funding. What is the infrastructure Dora Factory is building to solve this?Back to 2010, there were already a lot of hackathons in the world, particularly at universities. There were excellent hackathon organizers coming out of the University of Michigan, MIT, the University of California and so on.
Traditionally, this income has been distributed to those who secure the network. However, as the blockchain community as a whole moves towards proof-of-stake, there are new opportunities to redirect part of the income stream from native incentives to support the hacker communities. In more mature ecosystems, we’ve made some remarkable progress in experimenting with grant DAOs that can run continuous funding rounds. We have been continuously improving decentralized funding mechanisms for the purpose. For example, every two months, thefunds a batch of active developer projects building on Aptos, and all funding results are public and all funds come from the Dora Factory public good validators.
For example, developers could participate in bounties that solve specific problems for applications, build new APIs, or use existing APIs to build something interesting, or get on board something new with a developer course and so on. It’s open-ended and public good staking offers resources to sponsor these activities.
This is a very important problem to solve. Because with the same amount of funding, how effectively you can distribute the funds will eventually determine how much value you create. There are many other interesting problems to work on to improve governance efficiency and fairness in decentralized communities. We are happy to continue working on developing new gov tech.is going to be released soon. As we have more pieces of research coming together, Dora Vota is a special-purpose infrastructure for voting and decentralized governance and it will allow us to continuously improve the technology.
Beyond the different goals, it's also important to recognize that each blockchain represents a community. Ecosystems unite a group of people who have a particular mission or who have a certain set of values, and there certainly won't be any one blockchain that can represent everyone in the world.
I think it would make sense because in many frontier technologies, at least many new exciting developments can get more involvement from grassroots communities.
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