🌋 Criticism Mounts Against Polkadot
posted 2 Jul 2024
Victor Ji, co-founder of Manta Network, has described the Polkadot ecosystem as toxic, accusing the team of inefficiency and a lack of genuine decentralization. He asserted that Polkadot adds no real value to Web3.
Ji further highlighted alleged discrimination against Asian founders, citing the number of grants given to European/American projects versus Asian ones and the low representation of Asians at the Polkadot Academy event in Hong Kong this February.
We are grateful that we pivoted to Ethereum L2 last year, and also joined the modular ecosystem. These directions have allowed us to truly develop and have a better future,Victor Ji shared on X.
A recent report for the first half of 2024 showed that Polkadot's treasury spent 11 million DOT ($87 million), with $37 million dedicated to attracting new users, developers, and companies to the ecosystem. However, some users remark that despite these expenditures, Polkadot remains largely invisible on X and other platforms.
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