Meanwhile, in Lisbon, Common Wealth has something for you – the Free “earn-to-own” VC Fund. This world-first initiative ensures the power of early-stage access in Web3 is now in your hands.
The Free VC Fund aims to level the playing field in the sector for the retail crypto community. It is a completely free, no management fees, always liquid, and fully on-chain Venture Fund. It offers allocations across 15 of the most promising unlaunched projects in Web3.
This fund will be fully airdropped as NFTs to the winners of a 3-week campaign. The total prizes include varying slices, and runner-ups will share approximately $1 million in $WLTH tokens. Genesis 1 & 2 NFT holders, Beta Testers, and participants who complete tasks related to each project in the fund will receive additional rewards.
For you, participation is free and open to everyone. This initiative is created to elevate the spirit of Web3 at a time when the community is rallying against unfair launch practices.
The Free VC Fund initiative will begin on Wednesday, February 21st, 2024, and will span three weeks. It will involve specific off-chain and on-chain tasks related to each project in the fund before a verification phase at the end. 1,060 winners will receive their prizes when the app goes live on zkSync ERA mainnet before 8th April 2024, with full airdrops expected, and winners will receive their full airdrop at TGE (week commencing 8th April 2024).
Retain full control of the investment proceeds until the fund is fully vested, with a permissionless system running the investment processes once the Free Fund begins. Throughout the fund lifecycle, the app will continue to reward education and engagement across the Common Wealth ecosystem.
About Common Wealth
Common Wealth is an all-in-one platform for early-stage Web3 investments. It aims to disrupt, scale, and optimize the traditional venture capital investment model using Web3 principles and blockchain technology.
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Hot Take
Innovative Free “earn-to-own” VC Fund Initiative Launched by Common Wealth: The Novel Fusion of Community-Driven Web3 Principles and Venture Capital Investment Delivers Valuable Power to the Retail Crypto Community.
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