🚀🚨🚀Is Polkadot a Good Investment in 2024?
Polkadot, although gaining popularity as a creative initiative, has remained quiet this year. Announcements of new projects and network enhancements have been scarce in 2023 for a while. People are now questioning if it is worthwhile to invest in Polkadot before 2023 expires as a result of this.
Web3 Establishment.
The two organizations responsible for the Polkadot's development, Web3 Foundation and Parity Technologies, have remained silent this year as well. Its social media accounts are rarely updated, with the exception of a few announcements about the Web3 Foundation Grants program.
In November, the Web3 Foundation released X, heralding the debut of Decentralized Futures.
Additionally, it allotted USD 20 million and DOT $5 million to promote the creation of creative initiatives on the Polkadot.
The acceleration of Web3 initiatives over the Polkadot network appears to be the Foundation's primary objective.
Equilibrium Technologies
In addition, Parity Technologies terminated around thirty percent of its personnel in October of 2023. It remains to be seen if the layoff advances Polkadot's development or exposes the company's incapacity to retain personnel.
Network Advancements
PolkaProject reports that as of right now, 581 decentralized projects are operational on the Polkadot network. One parachain auction every week is also contributing to the Polkadot system's growing parachain count. It is anticipated that all 100 parachain spots would be filled by 2024.
In addition, Polkadot's core technology was launched in version 1.0 in July 2023. This suggests an advancement in the project's core infrastructure. Polkadot, despite appearances, is not silent and has not stopped the project's advancement.
The Polkadot ecosystem is expanding its dominion covertly and without generating much media attention.
