The rise of cryptocurrency has led to the emergence of a thriving developer community that is constantly expanding. Developers are drawn to the crypto space because of its potential to disrupt traditional industries and create new, innovative solutions to age-old problems. As the crypto industry continues to grow and mature, so too does its developer community. The crypto community is known for its collaborative and open nature, which has led to the creation of a vibrant and inclusive developer ecosystem. Recently, leading blockchain startup accelerator Cronos Labs has partnered with DoraHacks to boost the growth of the developer community to bring more innovations to the space.
DoraHacks Aims To Create A Sustainable Developer Community
The growth of the crypto developer community has been fuelled by the emergence of blockchain platforms and decentralized applications (dApps). These platforms and dApps provide developers with a new frontier to explore, one that is ripe with opportunities to create innovative solutions.
Cronos Labs has teamed up with DoraHacks, a renowned global hackathon organizer, in a bid to create a sustainable and thriving developer community. In late 2021, DoraHacks successfully organized the inaugural Cronos Hackathon, which saw an impressive 64 project submissions. With this partnership, Cronos Labs and DoraHacks aim to provide developers with the necessary tools, resources, and support to create innovative decentralized applications (dApps) on the Cronos network.
To achieve this goal, the partnership will organize hackathons, workshops, and other educational events aimed at creating a vibrant and sustainable developer community. The ultimate aim is to drive the growth and adoption of the Cronos ecosystem while promoting diversity, inclusion, and collaboration within the developer community.
Steve Ngok, Partner at DoraHacks, said, “At DoraHacks we are proud to continue working with the Cronos team with this long-term partnership as we believe that the Cronos ecosystem is growing at a rapid pace with some fantastic development taking place. As a strategic partner and a Public Good Validator we are excited to support developers and onboard strong teams to the ecosystem.”
Dora Factory Becomes A Node Operator For Cronos Network
Besides partnering with DoraHacks, Cronos Labs has also announced a significant partnership with Dora Factory, a community-driven public good infrastructure that validates multiple critical Web3 networks to promote decentralization and fund grassroots innovation via native block rewards. As a strategic ecosystem partner, Dora Factory will serve as a validator node operator, contributing to the stability and security of the network.
Ken Timsit, Head of Cronos Labs, said, “We are thrilled to partner with Dora Factory and DoraHacks to expand the Cronos developer community and support the creation of innovative decentralized applications. Through these partnerships, we aim to empower developers to build on the Cronos network and drive the growth of the ecosystem. We look forward to working together to create a more secure, robust and sustainable network.”
As part of this collaboration, Dora Factory has pledged to dedicate 70% of the network revenue it earns as a validator to fund hackathons and grants in the Cronos ecosystem. The funds will be managed by a decentralized autonomous organization (DAO) on the Cronos network, ensuring transparency and community involvement in the allocation of resources. This commitment will further strengthen the Cronos ecosystem and drive innovation, allowing for the creation of decentralized applications and platforms that can transform the industry.
Node operators are essential to the functioning and security of decentralized networks. Furthermore, these operators play a crucial role in maintaining the integrity and stability of the network, which is essential for the success and adoption of cryptocurrencies. With this partnership between Dora Factory and DoraHacks, it is anticipated that the Cronos network will touch new highs in the future and onboard a massive number of users to the platform due to its robust roadmap.