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News

Polkadot Ecosystem Highly Toxic, Web3 Value Questioned!

July 2, 2024 - Around 2 mins mins to read

Key Points:

  • Victor Ji labels the Polkadot ecosystem “highly toxic” and lacking in Web3 value, calling it “dead.”
  • Ji accuses Polkadot of favouring European and American projects over Asian developers, highlighting funding disparities.
  • Ji encourages developers to move to more active ecosystems like Solana, Ethereum, and Bitcoin for better support and opportunities.
Manta Network co-founder Victor Ji went public to blast the Polkadot ecosystem as highly toxic with no real value for Web3.
Polkadot Ecosystem Highly Toxic, Web3 Value Questioned!

In his recent Twitter post, Ji pointed out several problems within the Polkadot ecosystem, including its non–user-focused and adaptive nature.

Victor Ji, whose project was once the proud holder of the largest Total Value Locked and market value/Fully Diluted Valuation in the Polkadot ecosystem, announced that his entire team was now fully ported to Manta Pacific. He also stressed that the Polkadot ecosystem looked “dead” at this point, hence the reason for leaving.

Read more: Top Crypto Picks For Post-Bitcoin Halving Profits: Polkadot (DOT), Fetch.ai (FET), ETFSwap (ETFS)

Manta Co-Founder Criticizes Polkadot Ecosystem

Polkadot Ecosystem Highly Toxic, Web3 Value Questioned!

Victor Ji claimed that the most contentious issue was the discrimination against projects in the Polkadot ecosystem. According to Ji, the team at Polkadot looks out for European and American projects and allocates huge funding at the expense of Asian projects. He claimed it was creating a suffocating environment for Asian builders.

Ji called for developers to shift targets to more dynamic ecosystems such as Solana, Ethereum, and Bitcoin, underlining the active communities in these platforms and giving greater support to developers for a brighter future in Web3 development.

DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Polkadot

Polkadot Ecosystem

Polkadot Ecosystem Highly Toxic

Web3

Author

Annie

Championing positive change through finance, I've dedicated over eight years to sustainability and environmental journalism. My passion lies in uncovering companies that make a real difference in the world and guiding investors towards them. My expertise lies in navigating the world of sustainable investing, analyzing ESG (Environmental, Social, and Governance) criteria, and exploring the exciting field of impact investing. "Invest in a better future," I often say. That's the driving force behind my work at Coincu – to empower readers with knowledge and insights to make investment decisions that create a positive impact.
News

Polkadot Ecosystem Highly Toxic, Web3 Value Questioned!

Key Points:

  • Victor Ji labels the Polkadot ecosystem “highly toxic” and lacking in Web3 value, calling it “dead.”
  • Ji accuses Polkadot of favouring European and American projects over Asian developers, highlighting funding disparities.
  • Ji encourages developers to move to more active ecosystems like Solana, Ethereum, and Bitcoin for better support and opportunities.
Manta Network co-founder Victor Ji went public to blast the Polkadot ecosystem as highly toxic with no real value for Web3.
Polkadot Ecosystem Highly Toxic, Web3 Value Questioned!

In his recent Twitter post, Ji pointed out several problems within the Polkadot ecosystem, including its non–user-focused and adaptive nature.

Victor Ji, whose project was once the proud holder of the largest Total Value Locked and market value/Fully Diluted Valuation in the Polkadot ecosystem, announced that his entire team was now fully ported to Manta Pacific. He also stressed that the Polkadot ecosystem looked “dead” at this point, hence the reason for leaving.

Read more: Top Crypto Picks For Post-Bitcoin Halving Profits: Polkadot (DOT), Fetch.ai (FET), ETFSwap (ETFS)

Manta Co-Founder Criticizes Polkadot Ecosystem

Polkadot Ecosystem Highly Toxic, Web3 Value Questioned!

Victor Ji claimed that the most contentious issue was the discrimination against projects in the Polkadot ecosystem. According to Ji, the team at Polkadot looks out for European and American projects and allocates huge funding at the expense of Asian projects. He claimed it was creating a suffocating environment for Asian builders.

Ji called for developers to shift targets to more dynamic ecosystems such as Solana, Ethereum, and Bitcoin, underlining the active communities in these platforms and giving greater support to developers for a brighter future in Web3 development.

DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.