Web3 Foundation is a nonprofit foundation that funds and stewards decentralized web infrastructure, with Polkadot as its flagship protocol. Web3 Foundation's Twitter Score is 215 out of 1000 (an Excellent rating) as of July 2026, ranking #2,300 (top 1%) among 389,587 tracked accounts.
Web3 Foundation was co-founded by Gavin Wood and Peter Czaban with a mission to nurture cutting-edge applications for decentralized web software protocols and deliver Web 3.0. The foundation funds research and development teams building the foundation of the decentralized web, with primary projects including Polkadot and Kusama. It works in close coordination with Parity Technologies on protocol development.
Web3 Foundation oversaw a significant fundraising milestone when Polkadot raised approximately $140 million in Ethereum in 2017, though a Parity multisig wallet vulnerability subsequently froze roughly $150 million worth of Ethereum, including a portion of those ICO funds. The Polkadot mainnet launched in May 2020, with parachain functionality introduced in December 2021. Web3 Foundation has also established the Polkadot Ecosystem Fund, a joint venture with Scytale Digital, to support further growth across the ecosystem. Web3 Foundation has received backing from Polychain Capital.
Web3 Foundation's portfolio includes Kusama, CESS Network and Hyperbridge. Web3 Foundation has published 3,739 posts on the platform and has 144,524 followers as of July 2026. Web3 Foundation has been mentioned by 652 accounts, with 2,526 total mentions.
Who follows Web3 Foundation on X?
The accounts that follow Web3 Foundation include 862 founders, 198 angel investors, 328 influencers and 105 VCs. Among them are Solana, Erik Voorhees, Laura Shin, Toly, Stani and CoinDesk.