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Polcadot is getting live after almost three years being in the low profile state, while this thread seems to be dead. Let me see if I can revive it. Supported by Web3 Foundation Polcadot may secure the core protocol to integrate and make accessible data from desperate blockchains. Or you think the networks will be running independently and refuse operate together?
3 years s quite a lot time. Only thing I remember was that some ETH from ICO got locked in some smart contract and whole project was endangered because of lack of founds. That was long ago, does anyone know how was that resolved?
I'm not 100% sure but I've though me heard that was around $100 million raised from ICO (in fact not all money but part of them) and affected by the flaw found in Parity wallet. Hope they contacted Parity team and resolved the issue. And even if it doesn't, time proved Polkadot had enough money to get them into development.
So they raised ~$220 million total in the first ICO October 2017. $140 million of that came in eth (eth price was ~$320) which is now locked and about $80 million came in fiat (CHF). Source: https://techcrunch.com/2017/10/17/polkadot-passes-the-140m-mark-for-its-fund-raise-to-link-private-and-public-blockchains/
They have also sold another half million dots since then for $120 each in a private sale, which gives another $60M in capital. Source here: https://www.coindesk.com/ethereum-co-founders-polkadot-closes-token-sale-claiming-1-2-billion-valuation
In other words, they are very well funded.
