Web3 is going just great [English] - PolkaWorld halts operations, blames community governance
- 18 septembre -
PolkaWorld, a major community within the Polkadot blockchain project, has announced that they will have to suspend operations as a funding proposal was overwhelmingly rejected. In June, Polkadot changed their governance model to community voting, away from a model in which small groups of ostensible experts made decisions for the network. PolkaWorld has blamed the failure of their request for 16,842 DOT (~$70,000) to fund Q4 2023 operations on this new voting model, which shut down their request with 93.3% "no" votes.
"Personally, we believe decentralization only works for the 'informed', it's not for everyone, no offense meant," wrote PolkaWorld on Twitter.
par Molly White
Web3 is going just great [English]
A timeline recording only some of the many disasters happening in crypto, decentralized finance, NFTs, and other blockchain-based projects.
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