Generative Art Platform Fxhash Secures $5M in Seed Funding Round Led by 1kx
The Seed Round Fxhash, the groundbreaking generative art platform and marketplace, has successfully closed an oversubscribed $5 million seed fundraising round. Spearheading this investment initiative was 1kx, an early-stage crypto-focused venture capital firm renowned for its strategic ecosystem growth investments. Founded in 2021, Fxhash has emerged as the...
Kickflow Will Be Conducting The First Quadratic Funding Round Of $25,000 – Sponsored By The Tezos Foundation
Kickflow, a crowdfunding platform for projects on Tezos, is stepping into the next phase of its progress by conducting a Quadratic Funding round of $25,000 (in $USDtz) for projects listed on it.
The Tezos Foundation is sponsoring the funding pool.
By: XTZ News
21 April 2022
Disclaimer
Not Financial Advice: No content on this website constitutes investment, financial, legal, or tax advice. Users should not construe any such information as a recommendation to buy, sell, or hold any investment or security or to pursue any particular investment strategy.
Kickflow To Launch $25,000 Quadratic Funding Round
Kickflow, a crowdfunding platform for projects on Tezos, is stepping into the next phase of its progress by conducting a Quadratic Funding round of $25,000 (in $USDtz) for projects listed on it. The Tezos Foundation is sponsoring the funding pool.
Kickflow launched last year in October. Since then, over $2,000 has been contributed in various Tezos-based tokens to the projects on the platform.
Moreover, Kickflow’s dev fund has received close to $1,900 separately from the community, which has helped it to improve and maintain the platform.
Why Quadratic Funding?
Conducting Quadratic Funding rounds has been one of the primary goals of Kickflow. This mechanism ensures the democratic distribution of entry-level grants to the projects.
The community can actively signal the distribution of funds across the projects of their choice.
Micro-donations of even $1 can get matched with over $100 from the funding pool through Quadratic Funding.
To know more about how this mechanism works on Kickflow, check out their docs and the original introduction article.
When will the funding round take place?
The funding round will go on for multiple weeks, during which the community can make their contributions to the projects. Kickflow’s core team will announce the starting date of the round on their social channels.
Once the funding round starts, Kickflow’s team will give further instructions on entering it. Heads up, it will just require a simple click of a button on their platform and a small transaction to confirm your entry.
Will there be a Kickflow DAO?
As mentioned in previous articles, a DAO will be managing the funding round.
The quadratic matches for projects will be finalized through decentralized token voting. The sponsor pool funds will be on-chain and always in control of the DAO.
Kickflows’s team will release the updated plans and distribution strategy for their DAO token ($KFL) in the upcoming days.
Disclaimer
Not Financial Advice: No content on this website constitutes investment, financial, legal, or tax advice. Users should not construe any such information as a recommendation to buy, sell, or hold any investment or security or to pursue any particular investment strategy.
Complete the submission form, which includes fields for your name, contact information, a short author bio, and the title of your article. Submit your Word document as a word doc file. If you encounter any issues during the submission process, please contact our support team for assistance at [email protected]. We encourage all aspiring contributors to read and understand our submission guidelines and editorial policy before submitting.
The Tezos Foundation and Magic, the Wallet-as-a-Service provider, have announced a groundbreaking collaboration aimed at revolutionizing the accessibility and usability of Web3 technologies. This strategic partnership will utilize the pioneering decentralized Tezos blockchain and marks a significant milestone in the journey towards a more inclusive and user-friendly decentralized web experience.
The Tezos Foundation recently announced a notable addition to its Foundation Council, welcoming former French Minister Fleur Pellerin to its ranks. Pellerin, a prominent figure known for her extensive experience in government and the tech venture capital industry, has held several senior governmental roles, including Minister for Culture and Communication. Since 2016, she has led Korelya Capital, a venture capital fund investing in late-stage web3 infrastructure technology companies, such as Ledger, Bitfury, and Ramp.
In a significant stride toward enhancing the Tezos ecosystem, the Tezos Foundation has extended its support to Blockscout, a reputable open-source block explorer. This backing aims to fortify Etherlink, a prominent EVM-compatible Layer-2 blockchain built on Tezos, by providing a dedicated mainnet and testnet block explorer. Concurrently, RedStone Oracles has integrated into the Etherlink ecosystem, heralding a new era of DeFi expansion.
