“Why do leading web3 projects choose Common Wealth for their Cap Table?” This question often comes up when discussing the innovative on-chain VC known as All Street.
Before making a splash and rallying 63,000 individuals to tackle 1.6 million online and on-chain tasks, Common Wealth had already formed alliances with 14 of the most promising projects entering the market, creating the Free Fund. The results were astonishing; their collective communities surged by 1.7 million followers during a three-week campaign, enjoying an impressive 3,124 engagements per hour non-stop for 510 hours across various platforms.
But this is just the start.
Common Wealth is built to scale. Imagine being a founder and having All Street, with its 1 million followers, ready to boost your community and engagement at the most challenging early stages. Now picture this support growing to 5 million, 10 million, or even 100 million followers. Community, engagement, and capital all in one? Incredible!
Yet, the true essence of the Free Fund experience goes beyond this.
The real brilliance of All Street lies in its economic structure. As the platform attracts the best founders in web3 and the project quality gradually increases (with names like Nibiru, Analog, Mangata, BLOCKLORDS already showcasing exceptional quality), a virtuous cycle begins. User numbers are likely to skyrocket, further enhancing project quality. The outcome? A significant increase in transactions and revenue. Imagine the revenue of the world’s largest Venture Capital firm not being distributed as dividends to General Partners but kept within the protocol, owned by the community. With every investment process happening on-chain, transaction fees also contribute to the protocol’s growth. This is precisely what All Street aims to achieve.
Common Wealth is an on-chain investment platform that continuously generates revenue from user investments. It promotes a model where revenue ownership is native, creating a fully circular economic system. This means all value generated by the protocol is retained, accruing back to the protocol with decentralized ownership.
Quite impressive, right?
Web2 technology introduced us to online communities. Web3 has enabled us to convert those communities into tangible value. And Common Wealth makes this accessible to the 99%.
We’ve yet to explore the Community Fund or the innovative rewards and incentives program. But for now, let’s recognize the early signs that All Street is set to broaden access and create one of the most potent token economies in web3.
The landscape is evolving. Keep an eye out for the Common Wealth White Paper and the launch of the first paid Funds in April 2024.