Polkadot community PolkaWorld halts operations after failed funding bid

nestorsauer8 18. September 2023 0

Polkadot community PolkaWorld has introduced that it has halted its operations after the community’s proposal to get funding from Polkadot’s treasury was rejected. The group raised a number of issues in regards to the venture’s treasury administration and made a number of claims in a current announcement. 

In a publish printed on PolkaWorld’s official X (previously Twitter) account, the group claimed that the treasury administration beneath Polkadot’s new open governance platform, OpenGov, is affecting long-term contributors to the Polkadot ecosystem. According to PolkaWorld, many organizations are being rejected by the treasury and are leaving the Polkadot ecosystem.

The group identified that within the earlier governance system, there was a council elected by Polkadot (DOT) holders. The council members had been consultants in sure areas and had been educated in evaluating proposals, in accordance with PolkaWorld. PolkaWorld believes that this ought to be built-in into the present OpenGov system, the place governance is determined by tokenholders instantly. 

Meanwhile, Markian Ivanichok, the founding father of the platform Brushfam, which onboards companies to Polkadot, has introduced that the venture is leaving Polkadot in an X thread. The founder expressed frustrations about Polkadot’s governance system, saying that it’s been “increasingly hard to get financing.”

Within the thread, Ivanichok additionally claimed that it was unimaginable to get their work appreciated in an ecosystem that “doesn’t care about users, about business practices and about marketing its product.”

Related: NFT platform Enjin forks Polkadot parachain Efinity to new mainnet

Polkadot’s OpenGov system was launched earlier this 12 months to grant each tokenholder a voice in shaping the platform. With this, governance within the community is directly carried out by holders of the DOT token. They can actively take part in a voting course of to vote on proposals aimed toward making adjustments of their ecosystem.

Magazine: Joe Lubin: The truth about ETH founders split and ‘Crypto Google’