[New post] Polkadot community PolkaWorld halts operations after failed funding bid

Crypto Breaking News posted: "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 raised several concerns about the project's treasury management and made se" Crypto Breaking News Polkadot community PolkaWorld halts operations after failed funding bid Crypto Breaking News Sep 16 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 raised 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, 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 tokenholders 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 tokenholder 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' Source: Cointelegraph.com Unsubscribe to no longer receive posts from Crypto Breaking News. Change your email settings at manage subscriptions. Trouble clicking? Copy and paste this URL into your browser: https://www.cryptobreaking.com/polkadot-community-polkaworld-halts-operations-after-failed-funding-bid/

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