The Cosmos community has made a significant move by approving a $1 million grant to support Dora Factory's public goods funding program. This initiative, made possible through the community treasury, will facilitate ten rounds of funding over the next two years, utilizing native token ATOM donations. The approval of Governance Proposal No. 917 marks a notable achievement, with an overwhelming 91.9% approval rate, the highest in Cosmos' history.

The grant's impact is already evident, as ATOM's price rallied 4% on Binance, reaching $8.463 early on Wednesday. This funding program, known as the ATOM Economic Zone, pioneers long-term funding initiatives within the Cosmos ecosystem. The program's duration spans two years, commencing on May 15, 2024, and concluding in 2026.

Dora Factory, a leading public goods funding protocol, has successfully deployed native quadratic funding on various blockchains, including BNB Chain, Solana, Polygon, Aptos, Cosmos Hub, Injective, and Avalanche. The approval of this grant demonstrates the community's commitment to supporting innovative projects and public goods within the Cosmos ecosystem.

As Cosmos holders digest the news, the token's value is expected to fluctuate in response to the funding program's progress over the next two years. With the highest approval rate in Cosmos' history, this grant marks a significant milestone in the ecosystem's growth and development, making Cosmos an attractive investment opportunity for those interested in supporting public goods funding initiatives.