Odaily News Fabian Gompf, the new CEO of Polkadot development organization Web3 Foundation, said in an interview that Polkadot is about to undergo a major change. Polkadot is about to abandon the slot auction of the parachain and instead adopt a new mechanism that allows application developers to use it as needed. Rent block space. (Thedefiant) According to previous news, Web3 Foundation launched the Polkadot ecological project funding program Decentralized Futures with 20 million US dollars and 5 million DOTs. The program funds are suitable for Polkadot-centered organizations that aim to generate profits, as well as those with the ability to use Polkadot. The on-chain funding system ensures a strategic non-profit enterprise with continued financing after 2024. Review will begin in November, decision-making will begin in December, and applications will end in June 2024.