Common Wealth Announces the Launch of the World’s First Free VC Fund
9 February 2024 [Lisbon, Portugal]: Common Wealth, the powerful, all-in-one platform for early-stage Web3 investments, today announces the launch of a world-first initiative: a Free “earn-to-own” VC Fund. This launch represents a completely novel fusion of community-driven Web3 principles with the sophistication of venture capital investment. The initiative will see Common Wealth’s first fund opening up the venture capital sector to the masses, ensuring that the power of early-stage access in Web3 is now in the hands of the community it serves.
The Free VC Fund is designed to elevate the spirit of Web3 at a time when the retail crypto community is mobilising against unfair launch practices. By providing access at the same stage as VCs and other privileged groups, Common Wealth aims to level the playing field in the sector. Leveraging its strong backing by key opinion leaders with a collective social reach of over 12 million, Common Wealth is set to shock the industry with a host of world firsts – the first-ever totally free, no management fees, always liquid, and fully on-chain Venture Fund.
The Free VC Fund comprises an estimated $2.4 million worth of allocations across 15 of the most promising unlaunched projects in Web3 (including Common Wealth!), to be made available to early supporters through an interactive and engaging gamification system.
The starring projects, referred by the All Street Oracles, and that will make up the Free Fund are as follows; Analog, Asymmetry, BLOCKLORDS, Chirp, Cookie3, Diamond Swap, DYOR Exchange, FairSide, Mangata Finance, Mavryk, Nibiru, Nyan Heroes, OP Games, and Rabbet.
The Free Fund will be fully airdropped as “Slices” (fund NFTs) to the winners of a 3 week campaign, starting in around
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