Fabian Gompf, the new CEO of Polkadot development agency Web3 Foundation, said in an interview that Polkadot is about to undergo a major transformation. Polkadot is about to abandon the slot auction of parachains and instead adopt a new mechanism that allows application developers to rent areas as needed. block space. (Thedefiant)
According to previous news, Web3 Foundation launched the Polkadot ecological project funding program "Decentralized Futures" with 20 million US dollars and 5 million DOTs. The program funds are suitable for Polkadot-centered organizations aiming to generate profits, as well as on-chain funds through Polkadot. Non-profit enterprises with strategies to systematically ensure continued financing after 2024. Review will begin in November, decision-making will begin in December, and applications will end in June 2024.