Web3 Foundation, Parity Technologies dismiss Polkadot treasury depletion fears

Oluwapelumi Adejumo

Web3 Foundation and Parity Technologies, key players in the Polkadot ecosystem, have disclosed their financial independence from the network’s on-chain treasury. The CEOs of the two companies revealed their “significant financial runway” after recent reports raised concerns about the blockchain’s financial health. Parity Technologies is the blockchain infrastructure behind Polkadot, and the Web3 Foundation supports […]

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Web3 Foundation, Parity Technologies dismiss Polkadot treasury depletion fears