According to Cointelegraph, PolkaWorld, a Polkadot community, has announced that it has ceased operations after its proposal for funding from Polkadot's treasury was rejected. The organization raised several concerns about the project's treasury management in a recent announcement.
PolkaWorld claimed that the treasury management under Polkadot's new open governance platform, OpenGov, is negatively impacting long-term contributors to the Polkadot ecosystem. The organization stated that many organizations are being rejected by the treasury and are leaving the Polkadot ecosystem as a result.
PolkaWorld pointed out that under the previous governance system, a council elected by Polkadot (DOT) holders was in place. The council members were experts in certain areas and were knowledgeable in evaluating proposals. PolkaWorld believes that this should be integrated into the current OpenGov system, where governance is decided by token holders directly.
In related news, Markian Ivanichok, the founder of Brushfam, a platform that onboards businesses to Polkadot, announced that the project is leaving Polkadot in a social media thread. Ivanichok expressed frustrations about Polkadot's governance system, stating that it has become increasingly difficult to secure financing. He also claimed that it was impossible to get their work appreciated in an ecosystem that doesn't care about users, business practices, or marketing its product.
Polkadot's OpenGov system was launched earlier this year to give every token holder a voice in shaping the platform. Governance in the network is now directly carried out by holders of the DOT token, who can actively participate in a voting process to vote on proposals aimed at making changes in their ecosystem.
