There have been internal discussions across various platforms on the future of Polkadot and perhaps more specifically Kusama. Coming out from Sub0 it’s become abundantly clear that VCs are lacking appetite to invest in the ecosystem due to a lack of “active” users.
We at Imbue are feeling this issue keenly but it is clear multiple teams are feeling similar issues around runway. We are lucky enough that the team are volunteers and will continue to build regardless due to their strong belief and passion in what we are building but other teams understandably do not have that luxury.
I recently shared a post on the assembly about potential funding for Imbue but this post is a generalised one to understand what routes are there for teams who wish to build on Polkadot from the ground up if any?
There is an understanding that the treasuries - both Polkadot and Kusama - should not fund parachain teams and for the record, I understand and agree on that for teams that raised millions during the bull run when access to funding was abundant.
But in this bear market, how will new teams want to build on Kusama start? The web3 foundation does offer grants but it rightly focuses on the tech rather than parachains
Should the treasury be funding teams that are starting from scratch but are not targeting a common good slot? These are the same teams we will be dependant on to bring in users and adoption
Is there a “fair” middle ground between funding privately funded teams who raised 30x while others that raised 1/2x or even 0x?
Is there a real risk to the ecosystem when teams realise they are not able to get the support within our ecosystem to survive and then other ecosystems come in to tempt them with the same support? For example, Sol/Cosmos/Cardano/Aptos/Sui. How many of those teams will risk survival to stick with Polkadot because of how firmly they believe in the tech?
The aim of this post is to open discussion and any and all feedback is welcome