Web3 Foundation CEO: The Foundation has more than 5 years of operating funds, and there will be continuous inflows of funds into the Polkadot chain t

Odaily News In response to Polkadots first half financial report, Fabian Gompf, CEO of Web3 Foundation, a Polkadot development organization, posted on the X platform: This is not an expenditure of the Web3 Foundation, but an on-chain Treasury expenditure, which is determined by community voting. Even if the foundation does not sell any DOTs, it has more than 5 years of operating funds (runway). The whole concept of on-chain Treasurys operating funds is misleading. The Treasury has a continuous inflow of funds and will never run out of funds. I think the Treasury should use its funds for more forward-looking initiatives that are not covered by the foundation. Even some of the unspent on-chain Treasury funds will be automatically destroyed. In the past few months, the on-chain Treasury has spent too much money on activities that may have lower returns. Polkadot community, if you want change, now is the time to vote.