Web3 Foundation Announces $40M in Grants for Polkadot Development

The Web3 Foundation, dedicated to the development of the Polkadot and Kusama ecosystems, is taking an ambitious step to invigorate Polkadot development with a substantial investment of $40 million. However, despite this major financial commitment, Polkadot’s native token, DOT, has been on a steady decline and is currently at its lowest level since August 2020….