{"id":157093,"date":"2023-09-16T14:26:29","date_gmt":"2023-09-16T08:56:29","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=157093"},"modified":"2023-09-16T14:26:29","modified_gmt":"2023-09-16T08:56:29","slug":"polkadot-community-polkaworld-halts-operations-after-failed-funding-bid-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/polkadot-community-polkaworld-halts-operations-after-failed-funding-bid-crypto-news\/","title":{"rendered":"Polkadot community PolkaWorld halts operations after failed funding bid – Crypto News"},"content":{"rendered":"
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Polkadot community PolkaWorld has announced that it has halted its operations after the community’s proposal to get funding from Polkadot’s treasury was rejected. The organization brought up several concerns about the project’s treasury management and made several claims in a recent announcement.\u00a0<\/p>\n

In a post published on PolkaWorld\u2019s official X (formerly Twitter) account, the organization claimed<\/a> that the treasury management under Polkadot’s new open governance platform called \u201cOpenGov,\u201d 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. <\/p>\n

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#116 PolkaWorld Ops & Maintenance proposal: 2023.9 – 2023.11 <\/p>\n

PolkaWorld, Founded in June 2019, @polkaworld_org<\/a> has been around for four years now, is the Polkadot community in China and has gathered more than 50,000 followers<\/p>\n

Recently, a proposal requested by\u2026 pic.twitter.com\/KZ9T6xIbRE<\/a><\/p>\n

\u2014 Polkadot Insider (@PolkadotInsider) August 20, 2023<\/a><\/p><\/blockquote>\n

The organization pointed out that in the previous governance system, there was a council elected by Polkadot (DOT<\/a>) holders. The council members were experts in certain areas and were knowledgeable in evaluating proposals, according to PolkaWorld. PolkaWorld believes that this should be integrated into the current OpenGov system, where governance is decided by token holders directly.\u00a0<\/p>\n

Meanwhile, Markian Ivanichok, the founder of the platform Brushfam, which onboards businesses to Polkadot, has announced that the project is leaving Polkadot in an X thread. The founder expressed frustrations about Polkadot\u2019s governance system, saying that it\u2019s been \u201cincreasingly hard to get financing.\u201d <\/p>\n

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1 Our @Polkadot<\/a> Blockchain journey started back in 2021 year. <\/p>\n

Back then Polkadot being promising technology, with experienced tech leader @gavofyork<\/a> has motivated us as founders to choose this ecosystem as the one to grow in.https:\/\/t.co\/Zb2kKlIoA5<\/a><\/p>\n

Thread below \u2b07\ufe0f<\/p>\n

\u2014 Markian Ivanichok (@0xMarkian) September 14, 2023<\/a><\/p><\/blockquote>\n

Within the thread, Ivanichok also claimed<\/a> that it was impossible to get their work appreciated in an ecosystem that \u201cdoesn\u2019t care about users, about business practices and about marketing its product.\u201d<\/p>\n

Related: <\/em><\/strong>NFT platform Enjin forks Polkadot parachain Efinity to new mainnet<\/em><\/strong><\/a><\/p>\n

Polkadot’s OpenGov system was launched earlier this year to grant every token holder a voice in shaping the platform. With this, governance in the network is directly carried out by holders<\/a> of the DOT token. They can actively participate in a voting process to vote on proposals aimed at making changes in their ecosystem. <\/p>\n

Magazine: <\/em><\/strong>Joe Lubin: The truth about ETH founders split and \u2018Crypto Google\u2019<\/em><\/strong><\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Polkadot community PolkaWorld has announced that it has halted its operations after the community’s proposal to get funding from Polkadot’s treasury was rejected. The organization brought up several concerns about the project’s treasury management and made several claims in a recent announcement.\u00a0 In a post published on PolkaWorld\u2019s official X (formerly Twitter) account, the organization […]<\/p>\n","protected":false},"author":2,"featured_media":157094,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[235,203,210,234,231,232,237,238,236,233],"class_list":["post-157093","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blockchain","tag-bitcoin","tag-crypto-currency","tag-elon-musk","tag-ethereum","tag-hyperledger","tag-ibm","tag-mining","tag-nodes","tag-spacex","tag-tesla"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/157093","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=157093"}],"version-history":[{"count":2,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/157093\/revisions"}],"predecessor-version":[{"id":157096,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/157093\/revisions\/157096"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/157094"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=157093"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=157093"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=157093"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}