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1 year agoElement (and other crucial components of the Matrix ecosystem) received many rounds of investments including https://element.io/blog/element-raises-30m-as-matrix-explodes/ (These are investments, not donations.)
I would not be surprised if the usual bait & switch lock-in mechanism happens here as well.
Forgive the nitpick, but FOSS is not creating walled gardens, companies are. (After all, software has no willpower… yet)