+1 ser, what I’ve seen in the last year was foundation spending massively on worthless partnerships, grants, parties and so on. It was like these were promoted just so we can pomp a few pennies so the whales unload even more, and everyone can track easier this correlation by looking at the charts. Imo the foundation job should be to incentives the built and migration of dapps to Algorand, for this they need to engage with crypto communities more actively and stop the dumb promotions as carbon negative to attract devs and investors. A part of these 280m allocated yearly for gov can be sacrificed for defi dapps. Let’s not forget that Algo is advertised as a Futurefi blockchain and not just as the greenest gov chain. I personally, I considered useless this passive income with the depreciation of Algo 70% over a year, and when you’re seeing even VCs as Scarammuci promoting Algo as a blue chip but on the other hand saying that his holding only 100m from 250m in couple a months, than we have a serious problem around.
Yes Fifa it’s a corrupt system in some ways, but it’s the biggest partnership I’ve seen in 2 years pulled by Algorand and I do hope it’s not just another worthless sponsorship and some usecases will pop up from this one. The impact of this news and the hype it’s in charts and mc, lame if you’re asking me, and it only shows u that what happened in 21 wen Algo pomped without no news, was VCs and early backers game to get their AV faster in a bull run, and it also shows the level of confidence in Algo from investors.
Decipher, Miami, 500m fund announced by Borderless Capital and Co, and still nothing pooped on chain from these, what’s telling u? So, maybe the Foundation should change their approached audience if they really want to achieve dapps and users adoption. Otherwise, we will keep empty the treasury bag by promoting green horses on the walls for whales exits.