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Binance Labs Invests $8M in Hackathon Organizer DoraHacks

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“Since 2018, DoraHacks has partnered with Binance on 15 global hackathons and grant rounds. Through DoraHacks’ developer events and grant toolkits, Binance has distributed over $2 million in funding to more than 100 teams,” stated DoraHacks founder Eric Zhang in a press launch. “This new round of strategic investment will help us accelerate the innovation of developer incentive mechanisms, deliver more effective products to support hackathon organizers and Web 3 open-source applications and promote Dora Factory’s infrastructure and ecosystem development.”

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