Web3 Foundation plans to deploy US$22.08 million and 5 million DOTs next year to promote the development of Polkadot

Odaily Planet Daily News Polkadot development agency Web3 Foundation announced a new plan to deploy 20 million Swiss francs (approximately US$22.08 million) and 5 million DOTs (approximately US$19.3 million) in 2024 to Encourage teams and individuals who contribute to Polkadot. The Web3 Foundation said this will enhance the Polkadot Treasury’s community governance financing mechanism to help projects that have a meaningful impact on Polkadot’s future. Details on the official launch date and how to apply for funds will be shared in the coming weeks.