PolkaWorld Halts Operations as Funding Proposal Rejected, Brushfam Leaves Polkadot Ecosystem
Summary:
PolkaWorld, a Polkadot community, has ceased operations after its funding proposal was rejected. Concerns were raised about the management of Polkadot's treasury under the new OpenGov system. Additionally, Brushfam, an onboarding platform for Polkadot, is also leaving due to frustrations with the governance system. Polkadot's OpenGov allows token holders to participate in shaping the platform's governance.
Polkadot community, PolkaWorld, has ceased operations after their proposal to obtain funding from Polkadot's treasury was rejected. PolkaWorld has raised concerns about the management of the treasury under Polkadot's new open governance platform, "OpenGov," claiming that it is negatively impacting long-term contributors to the Polkadot ecosystem. According to PolkaWorld, the rejection of many organizations by the treasury has resulted in them leaving the Polkadot ecosystem.
PolkaWorld highlighted that the previous governance system had a council elected by Polkadot (DOT) holders who were experts in evaluating proposals. They argue that this expertise should be integrated into the current OpenGov system, where governance is decided directly by token holders.
Markian Ivanichok, founder of the platform Brushfam, announced that their project is also leaving Polkadot, expressing frustration with the governance system and the difficulty in securing financing. Ivanichok claims that it has become increasingly challenging to get their work recognized in an ecosystem that lacks concern for users, business practices, and marketing their product.
Polkadot's OpenGov system, launched earlier this year, enables every token holder to have a say in shaping the platform. Governance is directly carried out by holders of the DOT token, who actively participate in the voting process for proposals aiming to make changes in the ecosystem.
Published At
9/16/2023 8:34:38 AM
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