Too poor to be part of a VC? Commonwealth is offering the opportunity to take a slice of a $2.4 million dollar investment across 15 different web3 projects — for free…well technically. The trade off for you to be eligible is by participating and completing various missions — most that involve either making a meme, posting something on X, join a discord, or else simply verifying that you’ve gone through a project’s whitepaper. At time of writing, there’s roughly 3 days left to qualify for the first fund.
Yet regardless of whether or not you want to participate in one of their missions in order to try to earn some “slices,” I think it’s always wise to keep an eye out on new projects as they can help predict what the newest and hottest narrative or product may be, and give you some ideas of what you want to invest in the future.
So what are Commonwealth’s new, up-and-coming projects? Here’s a surface level synopsis of each one:
Chirp
Twitter/X handle: @ChirpDeWi
Network: Sui
Token: $CHIRP
Synopsis: A DePIN project whose testnet is launching on March 15th, Chirp aims to connect telecommunications with blockchain technology through different antennas. These antennas will mine $CHIRP tokens while they provide network coverage to Internet-of-Things (IoT). If you’re wanting to read more about Chirp, I’d recommend checking out their medium blog for more details.
Dyor Exchange
Twitter/X handle: @dyorexchange
Network: Ethereum
Synopsis: Branded as “Tinder meets Robinhood,” Dyor will be a web3 app that allows you to get essential information with easy UI. Users will be able to swipe right (like in Tinder) to invest (like in Robinhood), or swipe left to skip. There’s currently a waiting list for the app which at time of writing, had nearly half a million members:
If you’re wanting to take your place in line, feel free to use my referral link: https://dyor.exchange/?r=DYOR-AdkEN7Y86r
Blocklords
Twitter/X handle:
Network: Multi-chain
Token: $LRDS
Synopsis: In full transparency I don’t know a whole lot about games, but this looks pretty triple-AAA rated to me, and it’s impressive that they’re on Epic Games. A “GameDrop” snapshot will be taken at a later date that rewards asset owners and for gameplay progress.
Diamondswap
Twitter/X handle: @DiamondSwapTeam
Network: Multi-chain
Token: $DMND
Synopsis: A sister project of DyorDEX, Diamondswap is a DEX aggregator with an emphasis on being “community driven,” that advertises better “trades, reduced gas fees, and enhanced trading views.” The team has already announced ways in which you can farm their future token $DMND which you can read about here.
Fairside
Twitter/X handle: @FairsideNetwork
Network: Multi-chain
Synopsis: In a nutshell, Fairside is an insurance plan for your crypto, no matter what type of wallet or chain you may be using or what tokens you might have. Advertised on their website, they offer a 1.95% annual rate. Additionally they will reportedly be launching their own token sometime in Q2.
Analog
Twitter/X handle: @OneAnalog
Network: Multi-chain
Synopsis: Currently in testnet, Analog is a cross-chain messaging protocol that aims to allow messages, tokens (or both) across different supported chains. The big use cases that they highlight in their recent medium article include connecting cross-chain liquidity pools, lending/borrowing, DAOs, and NFT marketplaces.
Cookie3:
Twitter/X handle: @Cookie3_com
Network: Multi-chain
Synopsis: Cookie3 is a “MarketingFi” app which helps with on-chain analytics for web3 marketing to help with customer acquisitions, whether it be through things like referral systems, airdrops, NFTs, etc. If you’re interested in finding out more, check out all of their latest announcements in their Discord to get details on their newly launched Zealy questboard.
OP Games
Twitter/X handle: @OPGames_
Network: Ethereum
Synopsis: OP games is a web3 gaming hub that helps projects help integrate web3 and blockchain properties into their games. Their flagship product for games is Arcadia. Specifically for NFTs and gaming, One of their highlighted projects is Spark:
Nyan Heroes
Twitter/X handle: @nyanheroes
Network: Solana
Token: $NYAN
Synopsis: Another Triple-AAA rated game that’s going onto Epic Games, Nyan Heroes has already made an airdrop announcement for their token $NYAN, which facilitate market transactions and governance.
Nibiru Chain
Twitter/X handle: @nibiruchain
Network: Nibiru
Synopsis: Nibiru is a blockchain advertising high scalability, decentralization, instant finality, and parallelism — all for web3. Unfortunately the campaign for the Nibiru a1rdrop has already concluded, yet if you’ve already been farming this, a reminder that the verification deadline March 21st, and for claims on June 1st.
Mangata Finance
Twitter/X handle: @MangataFinance
Network: Omnichain
Synopsis: An AVS on Eigenlayer, Mangata is a cross-chain DeFi platform utilizing ZK “cross-rollup” swaps that offers MEV protection with zero gas costs. Currently in testnet, Mangata is anticipating mainnet launch later in 2024.
Asymmetry
Twitter/X handle: @asymmetryfin
Network: Ethereum
Token: $ASF
Synopsis: A liquid staking solution for $ETH, Assymmetry’s liquid $ETH derivate $afETH boasts greater than 10% APY returns in real yield, with their initial cap of 500 $ETH reaching its limit overnight. It’s pretty certain that they’ll raise this cap in the future, so be sure to turn your notifications in order to get alerted once it does. They also have a current airdrop campaign for their $ASF campaign called “Gem Rush” which they’ve outlined here:
Note: If you’re interested in throwing some $ETH into Assymmetry, consider using my referral link: https://asymmetry.finance/dapp/stake/afeth?referral=PgcWgwQ
Mavryk Network
Twitter/X handle: @MavrykNetwork
Network: Layer 1
Synopsis: Mavryk is a Layer 1 blockchain that advertises itself as a bridge between TradFi and DeFi, facilitating the tokenization of real-world assets, including real estate and equity. Still in the beginning phases, they recently hosted a Twitter Spaces AMA that I recommend checking out:
Rabbet
Twitter/X handle: @rabbet
Network: Ethereum
Synopsis: Rabbet is a platform for web3 casino gaming. Games can be played directly within Telegram. Currently you can sign up on a whitelist for a token presale $RABBET. With an eGaming license registered in Montenegro, some users may be restricted from use based on their jurisdiction. Although they do have a twitter page, you’ll notice that they only have one post linking to their telegram.
Conclusion
If you’ve made it through the entire list and you’ve found yourself at the very least intrigued in several of these projects, then it might be worth your time to head over Commonwealth to farm some XP, or at the very least to learn more about some of the projects that they’ve invested in.
Are you already invested into one of these projects? If so, I’d like to hear your bullcase for why in the comments below. Otherwise, please let me know if there’s any major items that I’ve missed.
And as always, thanks for taking the time to read this and be sure to follow me on twitter (https://twitter.com/CryptosWith) to get all my latest updates. Also, looking for a gift for your Crypto-loving/hating friend? Give them a REKT journal to cheer them up!
Disclaimer: This is not financial advice and this is for educational and entertainment purposes only. Please as always, do your own research and find what investments are best for you. Cheers everyone!