Widespread Wealth Publicizes the Launch of the World’s First Free VC Fund


Widespread Wealth, the highly effective, all-in-one platform for early-stage Web3 investments, at this time proclaims the launch of a world-first initiative: a Free “earn-to-own” VC Fund. This launch represents a totally novel fusion of community-driven Web3 rules with the sophistication of enterprise capital funding. The initiative will see Widespread Wealth’s first fund opening up the enterprise capital sector to the lots, making certain that the facility of early-stage entry in Web3 is now within the fingers of the neighborhood it serves.

The Free VC Fund is designed to raise the spirit of Web3 at a time when the retail crypto neighborhood is mobilising in opposition to unfair launch practices. By offering entry on the similar stage as VCs and different privileged teams, Widespread Wealth goals to degree the taking part in discipline within the sector.  Leveraging its strong backing by key opinion leaders with a collective social attain of over 12 million, Widespread Wealth is about to shock the trade with a number of world firsts – the first-ever completely free, no administration charges, all the time liquid, and totally on-chain Enterprise Fund. 

The Free VC Fund includes an estimated $2.4 million price of allocations throughout 15 of essentially the most promising unlaunched initiatives in Web3 (together with Widespread Wealth!), to be made obtainable to early supporters by way of an interactive and interesting gamification system. 

The starring initiatives, referred by the All Avenue Oracles, and that may make up the Free Fund are as follows; AnalogAsymmetryBLOCKLORDSChirpCookie3Diamond SwapDYOR AlternateFairSideMangata FinanceMavrykNibiruNyan HeroesOP Video games, and Rabbet.

The Free Fund shall be totally airdropped as “Slices” (fund NFTs) to the winners of a 3 week marketing campaign, beginning in round 2 weeks time. Every Free Fund Slice will seem of their wallets as fully non-fungible and immutable proof of possession, which could be break up, transferred, traded on the discretion of the holder. This feature-set is one other first and additional cementing the innovation behind this new decentralised infrastructure. 

The marketing campaign prizes are: 

  • High 10 recipients obtain $10,000 slices every. 

  • The subsequent 50 recipients obtain $5,000 slices every. 

  • The subsequent 1,000 recipients obtain $1,000 slices every. 

  • Runner-ups share ~$1 million in $WLTH tokens.

The Widespread Wealth Genesis 1 & 2 NFT holders and Beta Testers will obtain further rewards, granting them a aggressive edge as a thank-you for his or her pivotal position within the platform’s beta section.

Participation is free and open to everybody* to finish particular off-chain and on-chain duties associated to every mission within the fund. Progress shall be tracked with a Leaderboard, and notably, each verified participant who has accomplished the minimal duties shall be rewarded. 

The customized mechanics will see individuals full various missions, organised into 5 Quests throughout completely different social channels. Every mission options 5 Quests, one for every main social media platform, with every Quest comprising three or extra Missions. Completion of those Missions earns individuals XP factors, with bonus rewards for ending all Missions inside a Quest. The final word incentive is reserved for individuals who full all Quests for a mission, providing them a major XP increase. Automated and guide verifications will present legitimacy and make sure the transparency and accountability central to Web3.

The Free VC Fund initiative will start on Wednesday, February twenty first, 2024, and can span three weeks, ending with a verification section**. A complete of 1,060 winners will see the prizes air-dropped to their wallets when the app goes stay on zkSync ERA mainnet earlier than eighth April 2024. The winners of the $WLTH airdrop will obtain their full airdrop at TGE (week commencing eighth April 2024). 

Submit-launch, the Free Fund will operate equally to all others coming to the Widespread Wealth app, the place a permissionless system will run the funding processes and supply the homeowners of the slices with their proceeds till the fund is totally vested. All through the fund lifecycle, the app will proceed to reward schooling and engagement throughout the Widespread Wealth ecosystem. 

About Widespread Wealth 

Widespread Wealth is a robust, all-in-one platform for early-stage Web3 investments — offering an all-access cross for retail traders to take management of their monetary future. It goals to disrupt, scale and optimise the standard enterprise capital funding mannequin utilizing Web3 rules and blockchain know-how.

By opening up entry to the 99%, Widespread Wealth incentivises higher requirements of funding and investor schooling with crowd-sourced knowledge and scalable due diligence.

Comply with Widespread Wealth: https://twitter.com/joincommonwlth

Web site: https://joincommonwealth.xyz/

Telegram: https://t.me/commonwealth_chat

Press Contact:

[email protected]

* Participation within the Widespread Wealth promotion requires a registered profile and completion of at the very least 3 missions per mission for leaderboard eligibility. Proof of mission completion could also be requested, and all entries are topic to verification by the group. Solely the best XP scores can win, with entrants eligible for a single prize throughout all tiers. Tier 1 and a pair of winners are excluded from the TGE airdrop. Within the occasion of rating ties, algorithmic tie-breakers shall be utilized. Judges’ selections are last. Geographical restrictions might apply. 

** Widespread Wealth reserves the fitting to increase the marketing campaign at its discretion.


Leave a comment