widespread wealth, a robust all-in-one platform for early-stage Web3 investing, right now introduced the launch of a world-first initiative: a free 'earn-to-earn' VC fund. This launch represents a completely new mix of his community-driven Web3 ideas and complex enterprise capital investing. This initiative will assist Frequent Wealth's first fund open up the enterprise capital sector to the lots and make sure that the ability of Web3's early-stage entry is within the fingers of the communities it serves.

The Free VC Fund goals to raise the spirits of Web3 at a time when the retail crypto neighborhood is rallying towards unfair launch practices. Frequent Wealth goals to stage the taking part in area on this house by offering entry on the identical stage as VCs and different privileged teams. Leveraging the robust help of over 12 million key opinion leaders and social influencers, Commonwealth will shock the trade with a lot of world firsts. It’s the first ever utterly free, no administration payment, all the time liquid and totally operational. -Chain Enterprise Fund.

The free VC fund consists of an estimated $2.4 million value of allocation throughout 15 of Web3's most promising greenfield initiatives (together with Frequent Wealth! can be accessible.

The most important initiatives featured by All Road Oracles and comprising the Free Fund are: analog, asymmetricalblock load, chirp, cookie 3, diamond change, DYOR change, truthful facetMangata Finance, Mavrik, Nibiru, Nyan HeroesOP Sport, Lovett.

Free funds can be airdropped totally as “slices” (funding NFTs) to winners of a three-week marketing campaign that can start in roughly two weeks. Every Free Funds Slice seems within the pockets as a very irreplaceable and immutable proof of possession and might be divided, transferred, and traded on the holder's discretion. This characteristic set is one other of his firsts that additional strengthens the innovation behind this new decentralized infrastructure.

The marketing campaign prizes are as follows.

• The highest 10 recipients will every obtain a $10,000 slice.
• The following 50 recipients will every obtain a $5,000 slice.
• The following 1,000 recipients will every obtain a $1,000 slice.
• Runners-up will share roughly $1 million in $WLTH tokens.

Frequent Wealth Genesis 1 and a pair of NFT holders and beta testers will obtain further rewards and be given a aggressive edge as a thanks for his or her vital function within the beta section of the platform.

Participation is free and open to anybody* who can full sure off-chain and on-chain duties associated to every mission throughout the fund. Progress is tracked on a leaderboard and, amongst different issues, all verified individuals who full a minimal variety of duties are rewarded.

Customized mechanics will see individuals finishing quite a lot of missions organized into 5 quests throughout varied social channels. Every mission has 5 quests, one for every main social media platform, and every quest consists of three or extra missions. By finishing these missions, individuals will earn her XP factors and can obtain bonus rewards for finishing all missions throughout the quest. The last word incentive is given to those that full all quests within the mission, giving them a big improve in XP. Automated and handbook verification gives legitimacy and ensures transparency and accountability, that are central to Web3.

The Free VC Fund Initiative will launch on Wednesday, February 21, 2024 and can run for 3 weeks, ending with a validation section**. A complete of 1,060 winners can have their prizes airdropped into their wallets as soon as the app goes stay on zkSync ERA mainnet by April 8, 2024. Winners of the $WLTH airdrop will obtain the complete airdrop on TGE (week commencing April 8, 2024). .

As soon as launched, the Free Fund will operate like all different funds showing on the Commonwealth App, with a permissionless system operating the funding course of and distributing returns to slice holders till the fund is totally vested. Affords. All through the fund's lifecycle, the app will proceed to reward training and engagement throughout the Frequent Wealth ecosystem.

In regards to the Commonwealth

widespread wealth is a robust all-in-one platform for early-stage Web3 investing, giving particular person buyers an all-access path to take management of their monetary future. We purpose to disrupt, scale and optimize conventional enterprise capital funding fashions utilizing Web3 ideas and blockchain expertise.

By opening up entry to the 99%, Frequent Wealth encourages higher funding requirements and investor training by way of crowdsourced knowledge and scalable due diligence.

Comply with Commonwealth: https://twitter.com/joincommonwlth

Web site: https://joincommonwealth.xyz/

Telegram: https://t.me/commonwealth_chat

Press contact:

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