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Friday, May 3, 2024

ContributionDAO secures $2.8M funding from KASIKORN X Venture Capital (KXVC)

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 claims to have contributed to several global blockchain projects such as Axelar, Sui, Celestia, Sei network, etc. It also recently launched ProofSquare.xyz, a tool that allows contributors to verify how their funds are used by the projects they support.

Jom Vimolnoht, Managing Director, KXVC Added:

“ContributionDAO is our…

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