Just watched a two year old Nano video where they

Question

Just watched a two year old Nano video where they

were talking about the Nano developer fund only having 4 million. Now it's down to 400k. What happens when that runs out?

#cryptocurrency #english #nano

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10.05.2022

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KuboF Hromoslav

Floepst (I never PM first)
The Nano Foundation hasn't cashed out funds from t...

do you (any of you) know in which sense is the Linux Foundation more open than NF?

0

10.05.2022

Floepst (I never PM first) · Accepted Answer

The Nano Foundation hasn't cashed out funds from the wallet in the last 7 months or so. I don't know much about the NF's funds, but it would be fair to assume they have some cash reserves. Maybe even funding from a third party but I have no clue about that though. Furthermore George has mentioned that the Nano Foundation will likely be dissolved at some point, perhaps in a year or two years (no idea on that timeline). Seeing as they still have ~half a million dollars in nano (at current prices, more in case the value goes up) plus whatever cash reserves there are, I think it should be fine 👍 But yeah it's bound to run out at some point I suppose unless there's external funding. The NF is meant to kick-start nano's development and adoption. But not to be here forever. As I understand it, dissolving the Nano Foundation (and creating a more open organisation similar to the Linux Foundation) is the final step towards a more decentralized nano :)

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Just watched a two year old Nano video where they

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