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Polkadot's recent financial disclosures have sparked debate over its spending practices. The network's mid-year financial report for 1H 2024 revealed that while revenue stood at only $250,000, expenditures exceeded $80 million. This includes $37 million on influencers and private jet logos. Critics argue that such spending is extravagant, but defenders claim it is in line with industry standards. One notable expenditure was $155,000 paid to DotLeap for a newsletter with only nine posts in a year. Meanwhile, Dot Play has received a Decentralized Futures Grant to develop a gaming hub within the Polkadot ecosystem, marking a significant milestone for the network.
#ICYMI: Web3 Foundation funds Dot Play to elevate Polkadot gaming ecosystem Read the full article 👇 https://t.co/hYbGfL1zJk https://t.co/MQ0jmGpIXA
FOLLOW-UP ARTICLE: Polkadot's H1 treasury report dropped just a few days ago. Here are some data points you probably missed... 🔗Link: https://t.co/sxMdXFRP56 https://t.co/MeATjzJLEr
FOUR FASCINATING REVEALS FROM POLKADOT’S H1 FINANCIAL REPORT... - Polkadot released its treasury report for H1 2024 just a few days ago. While a couple of crazy figures have been floating around, we bet you’ve missed a few others that are just as interesting (1) Polkadot is… https://t.co/p697zSQDIn https://t.co/MlFXN4P3vL