Web3 Foundation Shifts Strategy to Product-Focused Approach on Polkadot

This title was summarized by AI from the post below.

After more than six years of supporting the Polkadot ecosystem through an Open Grants Program, the Web3 Foundation is shifting its strategy. As Polkadot enters its next phase, Web3 Foundation is shifting toward a more product-focused approach. This shift includes providing targeted strategic funding, actively participating in Polkadot OpenGov, and offering hands-on support for key ecosystem initiatives critical to long-term success. This evolution does not reduce ecosystem support. Rather, it reinforces W3F’s commitment to responsible and accountable stewardship, ensuring that essential teams and projects receive the necessary funding and support. Read the full blog post here:  https://lnkd.in/e3bfuvp6

We wouldn't be here without the initial support. That said, I really like the pivot to product-focused funding. Prioritizing teams that are actually shipping is exactly how the ecosystem matures beyond just infrastructure.

A natural evolution. As ecosystems mature, funding shifts from broad experimentation to focused execution and accountability.

Like
Reply
See more comments

To view or add a comment, sign in

Explore content categories