Criticism of Polkadot Ecosystem by Manta Network Co-Founder

user avatar

by Giorgi Kostiuk

2 years ago

Made with AI


The co-founder of Manta Network, a project within the Polkadot ecosystem, has publicly criticized the ecosystem for its alleged toxicity and lack of substantial support for builders, particularly Asian founders. The co-founder, who previously led a significant project in the Polkadot ecosystem, expressed a strong aversion to engaging with the Polkadot ecosystem and its team. Describing it as highly toxic and devoid of real value for web3, he emphasized the ecosystem's failure to prioritize users and adoption.

Moreover, the co-founder accused the Polkadot team of discriminating against Asian developers, pointing out skewed grant allocations that favored European and American projects over Asian initiatives. He indicated that Asian founders faced undisclosed discrimination within the ecosystem, a sentiment echoed by others in the Asian founder community.

Criticism extended to the leadership of Polkadot, with the co-founder calling for more substantial support from figures like Gavin Wood to assist builders effectively. He criticized the team for lacking the capacity to provide genuine decentralized support and emphasized the importance of dedicated efforts to support builders within the ecosystem.

Consequently, the co-founder announced that Manta Network would shift its focus away from Polkadot towards other ecosystems such as Ethereum L2, Solana, and Bitcoin. The decision was motivated by perceptions of the Polkadot ecosystem as stagnant, prompting a strategic move to more active environments. The co-founder urged developers still within the Polkadot ecosystem to consider transitioning to more vibrant platforms like Solana, Ethereum, and Bitcoin.

Highlighting disparities in participation, the co-founder referenced the Polkadot Academy event in Hong Kong, dominated by non-Asian attendees despite its location in Asia. He noted the underrepresentation of Asian participants, underscoring broader issues of inclusivity and diversity within the ecosystem.

While committing to deliver on the promised parachain for Polkadot, the co-founder reiterated the pivot towards ecosystems offering greater support. Affirming a dedication to fulfilling existing commitments and continuing innovative projects, he emphasized the imperative of addressing discrimination against hardworking Asian builders, particularly in challenging market conditions.

Tier I

Sector: #18291

Sealed Hiding Place Room

Resource Cache

Resource Cache

Tier I

Requires 25% Tier Progress to Claim
Meme Cache

Meme Cache

Tier I

Requires 50% Tier Progress to Claim
Equipment Cache

Equipment Cache

Tier I

Requires 75% Tier Progress to Claim

After collecting, hiding places will be stored in your inventory and can be opened with Keys.

Other news

Thailand's SEC Takes Action Against Bitget for Unlicensed Operations

Thailand's SEC has filed a criminal complaint against BG Limited for allegedly operating the cryptocurrency exchange Bitget without a license.

user avatarAndrew Smith

VanEck Sees Buying Opportunity in Bitcoin Mining Stocks After Market Correction

VanEck sees a buying opportunity in Bitcoin mining stocks after a market correction, citing limited electricity capacity and delays in grid connections as potential advantages.

user avatarZainab Kamara

Bitcoin Mining Stocks Plummet Amid AI Infrastructure Concerns

Bitcoin mining companies that expanded into AI infrastructure saw an average stock price decline of 35% in October 2023 due to market fears about rising borrowing costs and economic uncertainties.

user avatarJacob Williams

Proposed Loss Carryforward Mechanism for Cryptocurrency Investments

South Korean government officials proposed a three-year loss carryforward mechanism for cryptocurrency investments to create a balanced taxation approach.

user avatarTando Nkube

Samsung Wallet Introduces Stablecoin Functionality for Galaxy Users

Samsung Wallet has launched a feature for US Galaxy users to manage stablecoin accounts, allowing them to buy, hold, send, and receive USDC on the Solana blockchain.

user avatarSon Min-ho

Evernorth Registers 737 Million Shares, Raising Concerns Over Stock Pressure

Evernorth has registered up to 737 million shares for potential resale, raising concerns about selling pressure on its stock.

user avatarAyman Ben Youssef

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.