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

Frequent Wealth, the highly effective, all-in-one platform for early-stage Web3 investments, at present declares the launch of a world-first initiative: a Free “earn-to-own” VC Fund. This launch represents a very novel fusion of community-driven Web3 ideas with the sophistication of enterprise capital funding. The initiative will see Frequent Wealth’s first fund opening up the enterprise capital sector to the lots, making certain that the ability 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 towards unfair launch practices. By offering entry on the similar stage as VCs and different privileged teams, Frequent Wealth goals to degree the enjoying discipline within the sector.  Leveraging its sturdy backing by key opinion leaders with a collective social attain of over 12 million, Frequent Wealth is ready to shock the trade with a number of world firsts – the first-ever completely free, no administration charges, at all times liquid, and totally on-chain Enterprise Fund.

The Free VC Fund contains an estimated $2.4 million value of allocations throughout 15 of probably the most promising unlaunched initiatives in Web3 (together with Frequent Wealth!), to be made accessible to early supporters by means of an interactive and interesting gamification system.

The starring initiatives, referred by the All Road Oracles, and that may make up the Free Fund are as follows; Analog, Asymmetry, BLOCKLORDS, Chirp, Cookie3, Diamond Swap, DYOR Change, FairSide, Mangata Finance, Mavryk, Nibiru, Nyan Heroes, OP Video games, and Rabbet.

The Free Fund will likely 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 will be cut 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:

• Prime 10 recipients obtain $10,000 slices every.
• The following 50 recipients obtain $5,000 slices every.
• The following 1,000 recipients obtain $1,000 slices every.
• Runner-ups share ~$1 million in $WLTH tokens.

The Frequent 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 function within the platform’s beta part.

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

The customized mechanics will see individuals full numerous missions, organised into 5 Quests throughout totally different social channels. Every undertaking 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 last word incentive is reserved for many who full all Quests for a undertaking, providing them a big XP enhance. 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 part**. 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 perform equally to all others coming to the Frequent 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 Frequent Wealth ecosystem.

About Frequent Wealth

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

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

Observe Frequent Wealth: https://twitter.com/joincommonwlth

Web site: https://joincommonwealth.xyz/

Telegram: https://t.me/commonwealth_chat

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