TechFlow reports, in response to Polkadot's financial report for the first half of the year, Web3 Foundation CEO Fabian Gompf stated on X that these expenditures were on-chain treasury disbursements decided by community votes, not spending by the Web3 Foundation itself. The Web3 Foundation has over five years of funding reserves and does not need to sell any DOT. The on-chain treasury receives continuous inflows and will not run out of funds. Gompf believes the treasury should fund more innovative projects not covered by the foundation, but recently it has spent too much on low-return initiatives. He emphasized that the Polkadot community should vote on whether changes are needed.
The Web3 Foundation (W3F), founded by Gavin Wood, primarily supports development and research related to Polkadot, Kusama, and Substrate.
Yesterday's earlier report indicated that Polkadot’s treasury disbursed $87 million in the first half of the year, with remaining funds expected to last approximately two more years.
