Bitrabo Editorial
Polkadot, a blockchain platform, is facing allegations of discrimination and toxicity within its ecosystem along with concerns over a potential funding crisis for its Treasury.
Polkadot Accused of Neglecting Asian Developers
Victor Ji, the co-founder of Manta Network, criticized Polkadot for lack of Asian representation at the Polkadot Academy event in Hong Kong. He claimed that only a small percentage of participants were Asian and noted a lack of engagement with projects from the region.
Ji also mentioned an incident where Polkadot’s co-founder, Gavin Wood, showed interest in Manta Network without realizing that it had already launched its mainnet. Ji emphasized that this treatment was due to their region rather than the project’s performance.
Additionally, Ji criticized the Polkadot ecosystem as toxic and lacking value for web3, accusing the team of being incapable and not decentralized. Manta Network decided to shift its focus to Ethereum Layer 2 solutions instead of developing on Polkadot.
Concerns About Financial Stability
These accusations come at a challenging time for Polkadot, as its Treasury faces a potential funding crisis. A report highlighted that the Treasury might run out of funds in less than two years if spending patterns persist, causing concerns within the Polkadot community.
The community is calling for transparency and fiscal responsibility from Polkadot’s leadership as they monitor the situation closely. The response from Polkadot to these allegations made by Manta’s co-founder remains pending.
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