Summary:
- Polkadot, a blockchain project founded by Ethereum co-founder Gavin Wood, faced backlash for disclosing $37 million in marketing expenses.
- The marketing budget included allocations for advertising, sponsorships, and outreach activities to attract new users and developers.
- The community criticized Polkadot for centralization and excessive spending, with some accusing the project of lacking value for web3.
- Key figures like Victor Ji and @seunlanlege expressed dissatisfaction with Polkadot’s marketing approach and financial decisions.
- Despite concerns, Polkadot’s treasury report indicated a two-year runway at the current spending rate, with no public statements from Gavin Wood.
Backlash against Polkadot’s Marketing Expenses:
Polkadot, the sharded multi-chain network founded by Ethereum co-founder Gavin Wood, came under fire after revealing $37 million in marketing expenses. The disclosed budget included significant allocations for advertising and sponsorships, sparking criticism and scrutiny from the community.
Community Criticism and Concerns:
Members of the blockchain community expressed dissatisfaction with Polkadot’s marketing approach, raising concerns about centralization and excessive spending. Victor Ji and @seunlanlege criticized the project for perceived lack of value for web3, drawing parallels to previous financial failures in the crypto space.
