Things are starting to get exciting and truly heat up now with Commonwealth. They have finally created the world’s first ever Free Venture Fund with zero royalties for the 99% of us that have struggled to gain access to very early stage deal flow for new crypto projects.
The Common Wealth VC Fund will have approximately around $2.4 million worth of early-stage allocation in 15 yet to launch projects. There looks to be some great gems of projects within these projects that Commonwealth have selected to be a part of their first fund. I have to give a shout out to Cookie3, Asymmetry Finance, Fairside Network and Mavryk in particularly.
Remember for this fund there is going to be no fund managers, no general partners, and no management fees. This fund will also be fully non-custodial and always liquid.
The Commonwealth App is currently in beta mode and has undergone rigorous testing from its community. The app will go live on the zKSync ERA mainnet before 8th April 2024 and TGE of the project’s $WLTH token will be on the week commencing 8th April 2024.
A lot to look forward to coming up very soon with this project! My eyes are certainly peeled. Show Less
4
