Polkadot Rocked By Explosive Racism Claims From Manta Network Co-Founder

In a growing storm of controversy, the Polkadot blockchain platform is now facing allegations of racism and toxicity within its ecosystem, on top of concerns about the future. financial crisis through its Treasurer.

Polkadot Criticized for Neglecting Asian Developers

The founder of the respected organization Manta, Victor Ji, recently took to social media to express his grievances. In a a stinging postJi said the Polkadot Academy event held in Hong Kong this past February was severely lacking in Asian representation, with less than a quarter of Asian participants, despite the event taking place in the region.

Ji went on to say that when he introduced himself to Polkadot founder Gavin Wood at the event and talked about the Manta Network, Wood expressed interest in the project, not knowing that Manta had already launched its mainnet.

According to Ji, this is “proof that we are not treated unfairly because we don’t work hard enough or we didn’t do well, but because of our region.”

The founder of Manta said that the “OneBlock” editor contacted the Polkadot team for days without a response despite their messages being read on the Telegram social network..

Ji emphasized that this funding is important for developer organizations in developing countries, and pledged to personally fund $80,000 to support developers leaving the Polkadot ecosystem.

Adding to the controversy, Ji described the Polkadot ecosystem as “highly toxic” and lacking “real web3 value” while accusing the Polkadot team of being “incapable and truly indivisible.”

Ji also expressed disappointment that the Polkadot team is not focusing on supporting developers on their stack, which has led Manta Network to move away from developing the Polkadot parachain and instead focus its efforts. Ethereum Layer 2 solutions.

Exacerbating Fears of Possible Insolvency

These allegations of discrimination and toxicity come at a particularly challenging time for Polkadot, as the network’s finance department is also facing a potential funding crisis.

As report On Monday by our website NewsBTC, the latest report on the finances of the Polkadot Treasury in the first half of 2024 revealed that it spent a total of 86 million dollars while managing 245 million dollars (38 million DOT) in assets, and $ 188 million (29 million) DOT) in liquid form.

The rate of burning of funds indicated that the Ministry of Finance may face a deficit in less than two years if current spending patterns continue. This has raised alarms among the Polkadot community, which is now monitoring the situation and wants to be more transparent and financial responsibility in the speaker’s leadership.

As the blockchain platform faces these multifaceted challenges, the broader crypto community will be watching closely to see how the platform responds to allegations of racism and toxicity and the impending threat to its financial stability. There are no official responses to these allegations made by Manta’s founder.

At the time of writing, DOT is trading at $6.370, up 1.3% in the 24-hour period, as the broader market recovers from the sharp correction experienced last week.

Featured image from DALL-E, chart from TradingView.com