Common Wealth has been on our radar for quite some time. We love that they democratize access to capital for early-stage projects. The projects win as their fans can support them with early investments. And investors win because before Common Wealth these early-stage opportunities were only for VCs or the top 1%. Now anyone can get the chance to back projects they love.
And Common Wealth has a big piece of news to announce. We are going to take a look at it.
A Little Background
In case you haven’t seen this project before, we have been following it and its ethos of giving everyone a fair chance to invest for a while. We have covered things like
- Fund launches
- the WLTH token launch
- and more as their platform comes to life and grows.
We at Altcoin Buzz believe everyone should get a chance to educate themselves and then invest in what they want, just as Common Wealth does. Along with privacy, decentralization, and censorship, increased access for more people is one of the pillars of crypto. It’s a public good for the entire industry when we have more of this.
The Common Wealth Marketplace is Live
To further their mission of democratizing access to investments, there’s a big piece of news from the project.
The marketplace is now live.
The Common Wealth Marketplace is LIVE! đź’Ą
• All Street delivers a convenient and hassle-free way to trade your utility based NFTs.
• Use $WLTH to purchase Slices directly in the app, with all fees going *directly* to the $WLTH Fund – closed circular economics FTW!
• To… pic.twitter.com/nG5IuJuM7V
— Common Wealth (@joincommonwlth) September 12, 2024
What the marketplace allows is for the easier buying, selling, and trading in positions you may have in the Common Wealth funds. Instead of only being able to go directly and buy, like when you put money into an LP, there will now be a secondary market where you can buy on a p2p basis.
That’s more options for us as buyers and sellers. Here is a link to the marketplace. As you can see, all the fund holdings and other collections like the Genesis NFT are NFTs. So it’s easy to buy and sell them like you would with NFTs on any other marketplace.
The first fund was the Priceless Fund. You could only get it if you took part in Common Wealth’s rewards programs and quests where you got your shares as an airdrop. But now they are available for sale. Here’s an example of a listing and it looks like (on publishing date) the going rate is about 3.7c per share.
There are 87 items for sale today. All NFTs represent an ownership interest in this fund. By the way, they don’t call ownership shares like a typical fund. Here they are called Slices. That’s why the image says Priceless Fund Slice. It represents some of this holder’s ownership interest, and, a cool feature, you can see that what you are buying is 0.0037% of the entire fund.
The Priceless Fund earns all the fees from these transactions and shares them with all the owners. So that’s another plus for both fund investors and $WLTH token holders. Common Wealth is working hard to build an early-stage investment economy that anyone can take part in and rewards those who choose to invest with them.
Disclaimer
The information discussed by Altcoin Buzz is not financial advice. This is for educational, entertainment, and informational purposes only. Any information or strategies are thoughts and opinions relevant to the accepted risk tolerance levels of the writer/reviewers and their risk tolerance may be different than yours. We are not responsible for any losses you may incur due to any investments directly or indirectly related to the information provided. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence. This post is sponsored by Common Wealth.
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