Fun

News Feed - 2023-09-16 05:09:38

Ezra Reguerra25 minutes agoPolkadot community PolkaWorld halts operations after failed funding bidBrushfam founder Markian Ivanichok claimed that the Polkadot ecosystem "doesn"t care about users" and expressed frustration on the governance process.130 Total viewsListen to article 0:00NewsJoin us on social networksPolkadot 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. 


In a post published on PolkaWorld’s official X (formerly Twitter) account, the organization claimed that the treasury management under Polkadot"s new open governance platform called “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.#116 PolkaWorld Ops & Maintenance proposal: 2023.9 - 2023.11

PolkaWorld, Founded in June 2019, @polkaworld_org has been around for four years now, is the Polkadot community in China and has gathered more than 50,000 followers

Recently, a proposal requested by… pic.twitter.com/KZ9T6xIbRE— Polkadot Insider (@PolkadotInsider) August 20, 2023


The organization pointed out that in the previous governance system, there was a council elected by Polkadot (DOT) 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. 


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’s governance system, saying that it’s been “increasingly hard to get financing.”1 Our @Polkadot Blockchain journey started back in 2021 year.

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

Thread below ⬇️— Markian Ivanichok (@0xMarkian) September 14, 2023


Within the thread, Ivanichok also claimed that it was impossible 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 year to grant every token holder a voice in shaping the platform. With this, governance in the network is directly carried out by holders of the DOT token. They can actively participate in a voting process to vote on proposals aimed at making changes in their ecosystem.


Magazine:Joe Lubin: The truth about ETH founders split and ‘Crypto Google’# Blockchain# Adoption# Community# PolkadotAdd reactionAdd reactionRead moreWho invented NFTs?: A brief history of nonfungible tokens5 AI trends to look forward to in 2023 and beyondOriginTrail on AI, real-world adoption and the value of knowledge: The Agenda podcast

News Feed

Defi’s Raw Deal: Sushiswap Creator Transfers Multi-Sig Control to FTX CEO
Defi"s Raw Deal: Sushiswap Creator Transfers Multi-Sig Control to FTX CEOAfter a number of individuals from the crypto community accused the anonymous developer Chef Nomi of exit sc
US Banking Crisis: Nigerian Banks Not Directly Exposed to SVB Says Central Bank Governor
US Banking Crisis: Nigerian Banks Not Directly Exposed to SVB Says Central Bank Governor A recent review of Nigerian banks’ bond portfolios showed that the institutions were
Binance to return to India after paying $2M fine for non-compliance: Report
Prashant Jha1 hour agoBinance to return to India after paying $2M fine for non-compliance: ReportBinance and nine foreign crypto exchanges were blocked in India over non-compliance with local AML regulations.353 Total vi
Dow Erupts Higher But ‘Big Short’ Investor Fears Market ‘Bubble’
The Dow erupts higher on Thursday, but "Big Short" legend Michael Burry warns of a bubble in a key segment of the US stock market. | Source: AP Photo / Mark Lennihan By CCN Markets
Cardingo – a Curated Designer NFT Marketplace and Series for Cardano
Cardingo - a Curated Designer NFT Marketplace and Series for Cardano press release PRESS RELEASE. Sydney, Australia – Cardingo is an NFT series and Cardano NFT marketplace th
Bitcoin ETFs legitimized the crypto industry for investors — Storm Partners
Zoltan Vardai4 hours agoBitcoin ETFs legitimized the crypto industry for investors — Storm PartnersThe approval of the Bitcoin ETFs has offered investors a welcome sign of relief beyond the first publicly traded Bitcoi
Binance operating without license in Philippines, regulator says
Helen Partz24 minutes agoBinance operating without license in Philippines, regulator saysAccording to the Philippines SEC, entities involved in promoting or trading on Binance could face up to 21 years of imprisonment an
Polkadot Top 10 Redenomination Shot: Is the Token Now Bigger Than Chainlink?
Polkadot Top 10 Redenomination Shot: Is the Token Now Bigger Than Chainlink?The Polkadot token, which recently underwent a redenomination, has seen its value more than double in les
Microstrategy Spends $200 Million More on Bitcoin, Raising Total Holdings to 129,218 BTC
Microstrategy Spends $200 Million More on Bitcoin, Raising Total Holdings to 129,218 BTC The Nasdaq-listed company Microstrategy has bought an additional 4,167 bitcoins. Its latest
XRP Price Enters Golden Pocket: Analyst Says It’s A Good Buy At These Levels
Este artículo también está disponible en español. The XRP price has entered a Golden Pocket—a key Fibonacci retracement level that often acts as strong support. Accordi
Chicago Company Mines at Oil Wells, Educates Producers About Bitcoin
Chicago Company Mines at Oil Wells, Educates Producers About Bitcoin Utilizing stranded gas to power bitcoin mining rigs at oil and gas wells is a promising business opportunity.
Banking Giant HSBC Files Trademarks for a Wide Range of Digital Currency and Metaverse Products
Banking Giant HSBC Files Trademarks for a Wide Range of Digital Currency and Metaverse Products Banking giant HSBC has filed trademark applications with the United States Patent an