The Web3 Foundation adjusts its funding strategy to focus on Polkadot's productization vision.
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TL;DR
Web3 Foundation shifts funding to a strategic model, prioritizing Polkadot's product development and ecosystem projects through technical reviews and OpenGov governance.
Tags
PolkadotLayer 1DeFiSpartan GroupWeb3 Foundationfunding strategyproductizationOpenGov
PANews reported on December 30th that, according to an announcement from the Web3 Foundation, its funding program will shift from an open funding model to a more strategic, targeted funding approach, strengthening support for Polkadot's product-oriented development. In the future, through technical reviews and participation in OpenGov governance, priority will be given to supporting the development of core protocols and key ecosystem projects, assisting Polkadot in smoothly advancing its product transformation.