Points about the controversy surrounding Polkadot's $DOT $37 million marketing spend
- Polkadot, a blockchain, spent $37 million on marketing in the first half of 2024.
- The marketing spend included $21 million on advertising, $10 million on sponsorships, $4.9 million on influencer marketing, and $4 million on digital ads.
- The community has criticized Polkadot for the large marketing spend, with some calling it a waste of money.
- Polkadot has defended the spend, saying it was necessary to attract new users and grow the ecosystem.
- Despite the controversy, Polkadot's token, DOT, has seen a 5% increase in value since the marketing spend was revealed.