seen in today's @coingecko newsletter: apparently polkadot (i guess it considers itself a DAO?) spends >$100m/year, largely on "outreach" (marketing), "development" (protocol level) and "economy" (LPing in ecosystemd defi) 👀

The world's largest independent crypto data aggregator - coingecko.com

building /quidli 🦑, casting in /justinahn, daoing in /🍊 & /🟪

They would've had double that if they didnt get locked out of their eth multisig. Still not great but 😶

You think that's the primary reason they haven't been adopted? 
I heard about them when I got into crypto and they got a big booth at ethdenver  but like 🤷‍♀️

Jamie • /devrel @ /reservoir • /bicycling • /chicago • /djs • home @ /chicagolife

iirc they had a "parachain" model where you had to be approved by the team to build on their chain. Not very permissionless. 

I've met more VCs promoting polkadot than actual teams

I just recall I interviewed at a company backed by Frank McCourt and it was supposed to be social network infra... pretty sure that's no longer or maybe it is hahaha
That's the first & last time I discussed Polka

I think this is it
https://www.coindesk.com/web3/2023/04/26/social-media-app-mewe-to-bring-frequency-blockchains-self-sovereign-identity-to-its-20m-users/