There is a fourth item in the article that worries me and probably could be corrected, if confirmed by the three core devs.They also mention a community member/developer as source. Afterwards they mention "The developer said..." as if it is one of the NEM developers. A core dev or not?
I don't think its healthy to try and speculate on who an anonymous source is folks, let's try and bring this one back to the NEM Ventures focus and leave NEM Red and Nemberia for those kinds of discussions
3.) The reality is the NEM Foundation did a financial audit in January and soon realized we were not given enough operations for even 2 months to maintain at the 2018 burn rate. So we paused all projects, all people and worked together to solve for these issues.
5.) The NEM Foundation operates as a separate entity and is one of many ecosystem contributors to the NEM open-source project. Therefore the NEM Foundation is not NEM. The NEM open source project remains strong and thriving. Catapult is unaffected. NEM Ventures is on track to do great things. And if the new NEM Foundation proposal is approved, then the 2019 NEM Foundation can do great things as well.
But that requires more funding than 2 months. During the transition from the 2018 Council to the 2019 Council, operating funds were temporarily inaccessible until the new leadership took office on January 1, 2019. This was due to transition registration problems with our bank. All operational funds were safe and untouched during this transition. When the 2019 Council took office, a financial audit was done and showed the new leadership had low operational funds and therefore could not sustain the burn rate of the previous 2018 operations. Therefore, a new Foundation restructure proposal was created and operations and staff were suspended until additional funding was secured.
So this is what we plan to share with the community soon. Please don't let ridiculous media articles color your thoughts on the future of NEM or the many partners supporting it. I remain hopeful and hope you will too. I'm answering questions in the forums if you have them. Thank you, NEM Ventures, for letting me take over your Telegram group for a few minutes.
Happy to have you Alex, thanks for taking the time out of what Im sure we all understand has been a very busy day.As Alex says - questions in the forums please everyone and we will try and get this one back to NEM Ventures
Just put an update out on the forum with progress on Ventures for the past couple of weekshttps://forum.nem.io/t/nem-ventures-next-steps/19396/43If only we could pick up some CoinDesk coverage for our announcements 😉, If anyone has useful media contacts, do please feel free to make some introductions, we are starting to get to a stage of being almost ready to make some bigger PR announcements we think
Hey guys. I like to understand a situation for decision of investment here. My proposition to share here KPIs and then answers. For CryptoAds it is: Monthly revenue: $3k-$7k. Registered users: 7M+. MAU: 30k-50k, monthly transactions: 30-60k. Decision: declined
Hi Oleksii, the email that was sent gave full details but Im happy to clarify if you like.I'll send you PM and you can ask any questions directly rather than discuss you internal company details in public.
For all those that want to know what is happening with Catapult (https://github.com/nemtech/catapult-server) a good way is to keep an eye on the repo in relation to milestones. The devs finished C (Cow) and launched it, working on D (Dragon) just now and looking for community involvment to name the E one...Gimre has a poll up on twitter until the 13th:https://twitter.com/NCOSIGIMCITYNRE/status/1093204389651730434
FYI - Catapult Cow milestone has just been published.Showing 1,324 changed files with 40,285 additions and 19,739 deletions.Devs have been hard at work. Impressive stuff.Details on whats new can be found here: https://github.com/nemtech/catapult-server/commit/18129e864e2f4e6633aa1db1b8245d6eb6cc6478