crypto

Millions of dollars are being spent from various DAO treasuries, projects are chain hoping just to extract maximum $$. Market competition and weak business models could be another reason.

Tragedy is that they are showing bot and mercenary activity as MAU while truth is many of them will die out if DAO grants stop

Off the top of your head, which specific communities are experiencing this? I was just reading about the crazy salaries at Apecoin DAO last night.

Learning and contributing. Optimist  ✨🔴_🔴✨


Delegate and Citizen @Optimism Collective

My post was more about project living bcz of DAO grant but imo Polkadot expenses are crazy

Computer Science '26 👩‍🎓 Web3 Builder 🔨 3D Print Maker 🗿 

My post was more about project living bcz of DAO grant but imo Polkadot expenses are crazy https://x.com/DefiIgnas/status/1807784567241351286

Off the top of your head, which specific communities are experiencing this? I was just reading about the crazy salaries at Apecoin DAO last night. 

https://nftnow.com/news/apecoin-dao-under-fire-for-leadership-salary-payouts/

In my experience most of these projects don't spend any time to actually ask what their potential customers want - instead they build cathedrals in the sky with VC and grant money, and only realise a year or two later when something is finally bought to market that several of their foundational assumptions were false all along

Sad to see but true. The funding/grants mechanisms have been gamified by “bad” actors. 

Curious to see how this space develops. As a former Gitcoin grantee I’ve noticed this trend develop around 2022/23