- PolkaWorld halts operations after funding proposal rejection from Polkadot’s newly OpenGov treasury management.
- Brushfam to leave the Polkadot ecosystem after struggling to get funding approval.
Brushfam, PolkaWorld Faults New Governance Approach
Polkaworld, a Chinese community with over 50,000 members, has decided to cease its operations on the Polkadot ecosystem. The decision was made following the funding rejection made by the treasury management of Polkadot under the new governance system.
Last month, PolkaWorld submitted a funding proposal, requesting $70,000 to fund its operational and maintenance costs to continue its promotion of the Polkadot ecosystem in Asia for the last quarter of the year.
However, 93.3% of the votes rejected the proposal, which forced the organization to halt its operations.
In a post on X, formerly Twitter, PolkaWorld stated that the new OpenGov approach to funding is affecting long-term contributors and organizations in the Polkadot ecosystem.
The organization shared its struggles with getting funding approval from the Polkadot ecosystem and expressed disappointment in the OpenGov approach to treasury management.
In the post on X, PolkaWorld compared the former Open Governance system to the new one and suggested improvements.
According to the organization, the previous system enabled professional council members to make governance decisions after evaluating proposals. Polkaworld suggested that the mechanism should be integrated into the new OpenGov system, especially where treasury management is concerned.
“I think this approach shouldn’t be scrapped; it should be integrated into the OpenGov system. Personally, we believe decentralization only works for the “informed”, it’s not for everyone, no offense meant,” the X post reads.
The post was made on X, formerly Twitter, by Polkaworld after Markian Inanichok, the founder of Brushfam, announced his decision to leave the Polkadot ecosystem.
Markian Invanichok declared his intention to depart from the Polkadot ecosystem, citing funding rejection from the Polkadot treasury.
The founder claimed that the ecosystem is indifferent to its users, marketing efforts, and business strategies.
“The decision to leave Polkadot is long overdue. The Brushfam team is hungry to see the results of our work. Hungry to have our products used, our work appreciated. Sadly enough, that is rather hard or impossible in the ecosystem that doesn’t care about users, business practices, or marketing its product.”
He expressed his frustrations with securing funding, recognition, and support from the ecosystem despite his team’s effort to onboard businesses to the ecosystem.
“While it was quite frustrating to receive a rejection from the community as voters and from particular ecosystem groups, it became quite obvious where the source lies. With time, it became increasingly hard to get any financing. The resource of the ecosystem was slowly depleting; meanwhile, the leadership is stubborn enough not to recognize the need to change,” Ivanichok said in a blog post.
Polkadot ecosystem launched the new OpenGov mechanism this year to democratize decision-making. OpenGov enables every DOT holder in the ecosystem to vote on proposals. However, organizations like Brushfam and Polkaworld have revealed the downside of the new governance approach.