Polkadot Community PolkaWorld Halts Operations Amid Funding Rejection

The PolkaWorld community has announced that it is ceasing operations following the rejection of its funding proposal from Polkadot's treasury. The organization raised concerns about the management of the treasury and expressed these concerns in a recent announcement.

Community Concerns over Treasury Management

In a post on PolkaWorld's official X account, the organization claimed that the new open governance platform called "OpenGov" is negatively impacting long-term contributors to the Polkadot ecosystem. According to PolkaWorld, many organizations are being denied funding by the treasury, leading them to leave the ecosystem.

PolkaWorld highlighted that the previous governance system had a council elected by Polkadot (DOT) holders. These council members were experts in various areas and had the knowledge to evaluate proposals. PolkaWorld believes that this expertise should be integrated into the current OpenGov system, where governance decisions are made directly by token holders.

Founder of Brushfam Expresses Frustration

Markian Ivanichok, the founder of the platform Brushfam, which helps businesses onboard to Polkadot, has announced that the project is also leaving Polkadot. Ivanichok expressed frustration with Polkadot's governance system, stating that it is becoming increasingly difficult to secure financing.

In the same thread, Ivanichok also claimed that their work went unappreciated in an ecosystem that "doesn't care about users, about business practices, and about marketing its product."

Polkadot's OpenGov System

The OpenGov system was launched by Polkadot earlier this year to give every token holder a voice in shaping the platform. Through this system, governance is directly carried out by holders of the DOT token. They have the opportunity to actively participate in the voting process and vote on proposals that aim to bring about changes in the ecosystem.