The Web3 Foundation, the organization responsible for granting Polkadot grants, has passed 400 approved project milestones.
Since its launch in December 2018, the Web3 Foundation (W3F) has received hundreds of applications from projects considering building in the Polkadot ecosystem. The Foundation has approved approximately 40% of these submissions.
The Web3 Foundation’s mission is not limited to Polkadot and its parachain network, but most of the investment is made there.
W3F celebrates milestone
The Web3 Foundation shares details of previously approved projects to commemorate the milestones of its grant program.
The Foundation has announced that 1,054 funding applications have been submitted and 415 have been approved. The scope of these projects varies widely, covering the entire web3 stack, from base layers to middleware and consumer applications.
The Web3 Foundation has funded projects ranging from wallets, development tools and APIs to smart contracts and UI development.
The Foundation stated that 181 teams completed at least one project and 300 teams successfully achieved their first milestone.
At this stage of the lifecycle, Polkadot is still primarily developer-oriented, as you need to build parachains and connect to other Layer 1 before deploying consumer apps.
World decentralization
Web3 Foundation funding recipients are fairly evenly distributed around the world, with 14% of the team participating in the United States, 13% in China, 8% in Singapore, and many countries such as Australia, Japan and Argentina. doing.
Completion of Polkadot’s 400 grant arrives at a busy time for blockchain blockchain.a Governance The revamp is ready to improve the way decisions are made on the chain, but staking DOT tokens has become easier with the start of new staking and nominations. Dashboard..
The Web3 Foundation is proud of the latest milestones, and grant recipients are currently working on “various decentralized use cases such as digital identity and privacy, IoT, games, data storage, finance, etc.” I emphasize that.
Polkadot architects want Parity to prove its value, as some blockchain developers are migrating from Solidity, where restrictions and security issues are well documented.
The number of parachains built with Parity is skyrocketing, but there is competition from other “next generation” blockchains such as Sui and Aptos that use the Move programming language.
Polkadot’s scalability and interoperability could facilitate the Cambrian eruption of web3 applications that blockchain enthusiasts expect.
