• poVoq
    4•3 years ago

    Read up a bit on the funding history of New Vector Ltd. i.e. about their VC funding and the “strategic” 2018 merger with Status (Ethereum-based chat and crypto wallet app).

    The foundation was IMHO only created as an afterthought to make [Matrix] more palatable for the wider OS community.

    • @freezingwinter@lemmy.ml
      3•3 years ago

      From the blog by status:

      Furthermore, the collaboration between Status and Matrix is expected to:

      • Utilize the Status Network token within Riot.im by enabling crypto assets
      • Create a bridge between Matrix and Whisper (Ethereum’s own real-time communication protocol)
      • Integrate Status DApps as widgets within Riot.im

      This does sour my view of Element.

      Matrix Foundation might have been an afterthought but it still is a valid step in ensuring at least some independence of the protocol from Element.

      • poVoq
        1•3 years ago

        True, the foundation is not all bad, but at least currently the people in charge of it are the same persons (& close friends) as those running NewVector Ltd. Once that changes significantly I am willing to soften my stance on the foundation itself.