ContributionDAO Raises $2.8 Million in Seed Funding Led by KBank's KXVC

By IN LED SEED 2024-02-29 80

According to Foresight News, institutional staking platform ContributionDAO has announced the completion of a $2.8 million seed funding round. The round was led by KXVC, the venture capital arm of Thailand's largest commercial bank, KBank, with participation from Axelar, Monad, Connext, and other angel investors. The new funds will be used to develop new institutional staking solutions and help the project expand into the Southeast Asian blockchain market.

In addition, ContributionDAO is building a community infrastructure suite called ProofSquare.xyz, which offers smart automation and virtual assistants to help manage global communities.

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