Commonwealth free VC fund.

First posted on https://www.publish0x.com/?a=46dBr8Dod7

Good morning/evening
 
I have stopped with most of the free crypto routine for now as there were just not enough hours in the day but one thing I did do (and it took me quite a lot of time) was Commonwealth. It sounded interesting so I thought why not give it a go. There were 3 weeks to complete all the tasks. The reward will be an airdrop of WLTH tokens. I knew I could not get near the top of the leader board as I did not buy an NFT.
You could have bought an NFT at the beginning that will entitle you to a share of profits or you can grind for the airdrop of the Commonwealth token $WLTH, I chose the grind route.
 
What exactly is Commonwealth?
 
It is the world's 1st free VC fund, or a launchpad for new projects where you can invest at an early stage.There are some advisers called oracles who will identify and refer the early stage investment opportunities for Commonwealth.
 
 

1. Nenter Chow, Animoca Ventures:Part of Animoca Ventures Investment Team and Head of Portfolio Strategy, Chow brings 17 years of investment banking experience and involvement in early DeFi projects.
2. Jack Ratkovich, HashKey Capital:An investor at HashKey Capital, a Web3-native VC fund, Ratkovich has co-founded Tender.fi and held significant roles in ANG Ventures and PwC before focusing on crypto investments.
3. Juliet Su, NewTribe Capital:Managing Partner at NewTribe Capital, Su's career transitioned from corporate investments to digital assets in 2017. She plays a key role in elevating startups in the Middle East, focusing on blockchain technology.
4. Karan Gandhi, Cypher Capital:Gandhi is a Senior Investment Associate at Cypher Capital, a $100m blockchain-focused VC fund. His previous roles include senior venture architect in the UAE, advising tech startups on fundraising and market strategy.
5. Kyle Chassé, Master Ventures:After exiting his regenerative medicine company, Chassé turned to blockchain, founding Master Ventures, a $330 million blockchain-focused venture builder and VC. His expertise includes launching over 100 early-stage projects and founding multiple companies in the blockchain space.
6. Jonathan Woolley, Metavest:CEO of Metavest Capital, Woolley specialises in web3 gaming investments. His focus is on financial inclusivity within the crypto space, with over 50 strategic investments in the past three years.
7. Josh Meier, Andromeda Capital:Managing Partner at Andromeda Capital and Senior Partner at Latitude Blockchain Services, Josh has advised over 40 crypto start-ups. His area of expertise is post-launch strategy, having been an early-stage investor in over two hundred web3 startups since 2017.
8. Oliver Blakey, Paper Ventures:Former professional poker player and co-founder of Ascensive Assets, Blakey now co-leads Paper Ventures. His experience in private portfolio management influences the growth of DLT companies invested in by Paper Ventures.
9. Ben Clarke, A195 Ventures:Clarke's background includes over 20 years in real estate investing and finance before entering the digital world. He co-founded BlockMatrix Capital and later A195 Capital, focusing on blockchain technology investments.
10. David Waslen, Accretive:CEO & Founder of Accretive, a tech investment & advisory firm, Waslen has raised over $100M in the Web3 sector andis well-versed in corporate finance, venture capital, and private equity.

Then there are the founding members.

• Tony Kelly
• Tim McCann
• Iain McKie
• Kyle Chasse
• Connor Ball
• Alan Begic
• Jon Wooley
• Josh Meier
• Nitin Gaur
• James Wooley
• Baris Akcin
• Anatasia Drinevskaya

 
The projects so far are -
 
ANALOG
Analog Network is a suite of software that enables more powerful decentralized applications (DApps) through secure interoperability. The center of Analog is the Timechain, a layer-0 (L0) blockchain network powered by a novel Proof-of-Time (PoT) consensus protocol that facilitates message passing between heterogeneous chains. Software is built on top of the Timechain to allow users and DApp developers to extract maximum value from all connected blockchain ecosystems.
ASYMETRY FINANCE
Asymmetry is the pioneer in novel and high yield DeFi opportunities for LSTs and LRTs backed by real yield – not unsustainable yield generated by endlessly printing a worthless governance token. User deposits ETH and the smart contracts do the rest, generating 10+% APY on their position – over 3x that of regular staking rewards. Asymmetry’s noncustodial smart contracts automate complicated DeFi strategies that harness rewards from Ethereum staking, Frax, and Curve and abstract away the complexity of a user navigating multiple dApps. In Asymmetry’s v2 coming soon, restaking yield opportunities via Eigenlayer and leverage will be available to users.

BLOCKLORDS
This is a player-driven medieval grand strategy game where your decisions and skills shape the world and narrative. Choose from several playstyles, including farming, fighting, resource management, and ruling, and forge your own destiny as your hero.
CHIRP
Chirp is a trailblazing DePIN network founded by a team of seasoned Telecommunications experts with decades of experience. Our mission is to connect the largest amount of device data with the blockchain by bringing together all wireless connectivity protocols under one revolutionary network and a platform. With a focus on IoT and true Mobile 5G, Chirp aims to redefine the future of wireless communication.
COOKIE3
Cookie3 pioneers MarketingFi — a transparent marketing economy unlocking value for Web3 users, creators, and businesses. To realize its mission, Cookie3 is building a set of on-off chain performance marketing solutions that connect projects with the right audiences.
DIAMOND SWAP
DiamondSwap is a community-driven, multi-chain DEX that is optimized to run on any EVM-compatible blockchain network.

DYOR
Dyor is an investor-friendly decentralised platform built to help you navigate and invest in Web3 and DeFi easily. With its unique Swipe-to-Invest interface, access to real user-generated data, an active community of investors & contributors, and tokenomics that are designed to democratise the evolution of its protocol through community-led governance, Dyor is driven to simplify access to DeFi for all.

FAIRSIDE
FairSide delivers a practical alternative to insurance in the crypto space, blending established insurance methods with blockchain innovation. We offer coverage for personal wallets against blockchain-based threats such as phishing, social engineering, SIM-swapping, and malware*. Our aim is to provide a critical safety net for the millions of uninsured crypto users worldwide, ensuring that the value of their assets is protected.
OP GAMES
Arcadia's focus is to bring together the best elements of Web 2 and Web 3 gaming. We will have a diverse multitude of fun, replayable, tournament-ready games.

MANGATA
Built on Eigenlayer and Starkware technology Mangata is an omnichain zk-rollup for L1 grade native liquidity with the vision to make native tokens from all ecosystems tradable.

MAVRYK
Mavryk’s mission is to empower traditional assets by developing an interoperable Real World Asset ecosystem, unlocking the full potential of digital assets. Mavryk Dynamics’ team expertly integrates technology and market-driven solutions for RWAs fused with DeFi, creating a fluid ecosystem for Open Finance.
We are crafting a financial ecosystem fueled with a portfolio of tokenized RWAs, accompanied by integrated DeFi dApps, on a bespoke blockchain 

NIBIRU CHAIN
Nibiru Chain is a breakthrough L1 blockchain and smart contract ecosystem sporting superior throughput and unparalleled security. Nibiru aims to be the most developer-friendly and user-friendly smart contract ecosystem, leading the charge toward mainstream Web3 adoption by innovating at each layer of the stack: dApp development, infra, consensus, a comprehensive dev toolkit, and value accrual.

NYAN HEROES
Nyan Heroes is a team-based hero shooter featuring small cats piloting giant mechs. Use unique abilities and advanced feline movement to secure objectives and defeat your opponents.

RABBET
RABBET is a Telegram-based crypto casino. Similar to Stake.com and Rollbit but the games are played directly within Telegram. The $RABBET token is one of the many currencies you can play with, including BTC, ETH, USDT, etc. and $RABBET has extra features, rewards & staking options for players.
 
The distribution percentages for each of the projects.
 
Most of the tasks that needed to be completed were Discord, Telegram and Twitter/X tasks. Follow this person and like and retweet posts, take screenshots and upload them. Make a meme and share it and there was a token to buy to get points. The same with Discord and Telegram. For most people these are really easy but for someone who does not really use either Discord or Twitter it did take me some time to work out lol. There were a few I did not do which were to gain a Discord role (wtf, I really have no clue) and participate in a 'raid' again I have no idea! Luckily those were not compulsory tasks. My Twitter and Discord notifications are now very busy! I should really have set up a different profile. I am thankful that it did not need you to gain referrals as I am not very good at that either!
Some of the other tasks involved reading about each project and filling in the missing words of a sentence, these are the ones I loved as reading is something I enjoy and it did give me an idea on what the projects are about.
 
As for the points/XP I earned, I am in the lowest tier 4 but that was expected, whether it was worth the time and effort, well we will see. It looks like once all the results are verified there are more tasks I may be able to do to earn more tokens.
 
As usual I am just trying out different things, it may or may not be worth the time and effort I put into it but we shall see. If I think it is great I can invest later. Thank you for reading and please feel free to comment.