Investing.com – spent $27.3 million on various projects during the third quarter, which is almost half of what the rival spent in the previous three months, according to a treasury report shared by the community on Monday.
The treasury still has just over $150M worth of DOT available for spending, which community members estimate should last about a year and a half at current prices.
Software development made up the largest chunk of the budget, with nearly $12M allocated to projects like building a Polkadot-Ethereum bridge and improving wallet functionality. Marketing and outreach were the second-biggest expense, with over $9.9M going towards ads, events, meetups, conferences, and more.
The findings follow earlier reports, which sparked discussions on the use of treasury funds and how these funds should be managed.
Polkadot manages its treasury across multiple assets and chains within the Polkadot ecosystem….
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