We could have easily funded this, but I believe this is a great marketing opportunity for Hive to showcase our DAO building a robust layer 2 solutions. Since SPK has no premine and a fair mining launch to all Hivers, combining that with community funding over personal funding as tremendous benefits in the future.
Matt and I go into more detail here: https://hive.blog/hive-112019/@theycallmedan/lexwtoip