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A&T Capital: Why are we investing in Commonwealth?

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Commonwealth provides a one-stop platform from community discussion to implementation of proposals and community governance.

Original title: " A&T Family: Why did we invest in Commonwealth? "

Original source: A&T Capital

Financing information

Startup Common raises $20M in its Series A funding round with participation from A&T Capital, Spark Capital, Polychain, Jump, Wintermute, Mirana Ventures and more This round of investment.

Common’s new funding will be used for the further development and decommissioning of Commonwealth, its DAO governance and management platform Centralized, Commonwealth already has over 60,000 active users in over 700 decentralized communities across projects such as dYdX, Axie Infinity, NEAR, Solana, BitDAO, and Polygon.

Why should we invest in Commonwealth?

1. Project Introduction

Commonwealth provides DAO Decentralized community forums and governance tools that allow DAOs to easily deploy DAO governance contracts on their platforms, crowdfund new community proposals, and provide chat platforms and web forums for DAO members.

In the future, Commonwealth plans to launch an app store function for DAO, so that each community can choose to customize own function. And support users in community discussions and voting governance. Commonwealth provides a one-stop platform from community discussion to implementation of proposals and community governance. Commonwealth will issue $CMN tokens in the future, and token holders can obtain community governance fees as dividends.

Image source: Commonweath

2. Investment logic

Clear product direction

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Users can establish decentralized communities and social forums in Commonwealth, and can also conduct on-chain governance voting or off-chain snapshot voting according to needs. Rich functions enable Commonwealth to support various types of decentralized organizations, such as protocol governance (Uniswap, Aave, etc.), NFT governance (Bored Ape Yacht Club) or investment governance (Syndicate).

Already used by premium Crypto applications

Commonwealth has been used by high-quality projects in Ethereum, Cosmos and Substrate ecology such as Aave, Uniswap, Near, Polygon, Alpha Finance, dYdX, OPYN, Terra, Injective Protocol, etc.

3. Industry Status

Decentralized Governance Organization (DAO) Gradually become the consensus of project governance management in the blockchain field

With the rise of DAO this year, more users will Become a DAO member, work and contribute through the DAO in exchange for rewards. Flexibility, better economic incentives, and expectations for the future of Web3 will also be the main reasons for the expansion of the DAO model.

Image source: @Cooopathtroopa

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More high-quality DAO tools will emerge to help DAO organizations achieve better management

· At present, for DAO members, there will be the following problems in governance: There are many chat software, which leads to scattered conversations, voting, and scattered information of project parties different platforms.

· So far, there have been many tools for DAO management: Argon, Snapshot, Superfluid, Syndicate, Tally, etc. In the future, more high-quality tools will appear, and these tools will serve native Web3 applications.

· The main types of DAO tools include DAO Launcher , Rewards & Benefits, Salary Management, Governance & Voting, Information Transmission & Interaction, Content, NFT, Fund Management, Identity Authentication, Security. The voting governance tools Snapshot and Tally can be used to view governance history queries, governance voting, governance Dashboard, etc. Money management tools like Gnosis Safe.

Image source: 1KX@nichanank

4. CommonWealth Business Brief

On-Chain Governance

Support users to participate in the chain governance of projects such as Near and Aave. For example, the governance process of on-chain discussion, voting, and implementation of proposals can be seamlessly displayed on one platform.

For the project community users can log in through wallet, email or Github and other ways, such as Users of the Near community need to log in to Near's governance forum through the Near wallet address.

Support DAO for community financing and analysis

Because the decentralized organization on CommonWealth supports multiple SDKs for smart contract development, functions such as community donations and financing can be supported within the decentralized governance organization.

On-chain governance voting and off-chain snapshot voting

Provide on-chain governance voting and off-chain snapshot voting. If the community needs more secure voting, you can choose to vote on the chain; if you need more people to participate, you can Choose off-chain for snapshot voting.

Image source: https://commonwealth.im /near/

Image source: Commonwealth personal homepage

About A&T Capital

A& ;T Capital is a venture capital fund for emerging disruptive technologies. The fund focuses on supporting early to growth stage startups. Backed by 5 fintech Decacorn ($10B+ valuations), early supporters of distributed ledger technology, and a team of experienced product leaders, A&T Capital is driving the next generation of startups in the decentralized digital age It has unique advantages in large-scale landing.