Common Secures 20 Million to Transform Decentralized Communities
In Brief
Common is reshaping decentralized governance by raising $20 million to build a platform that simplifies decision-making, funding, and collaboration for Web3 communities across multiple blockchains.
Something is shifting in the architecture of decentralized power. Common, the creator of Commonwealth, has drawn in $20 million from some of Web3’s most influential backers: Longhash, Polychain, Dragonfly, Wintermute, and Mirana Ventures, the venture arm of BitDAO.
Common aims to address a widespread issue: the chaos of Web3 governance. On chains like Ethereum, Solana, NEAR, and others, decentralized communities find it difficult to make decisions, coordinate projects, and stay updated. Common is developing a platform that consolidates all these activities. Users can deploy governance contracts, fund new initiatives, and discuss proposals in integrated discussion areas, ensuring transparency and simplicity.
A Cross-Chain Home for the Decentralized World
According to CEO Dillon Chen, Common’s goal is to make governance less scattered and more accessible. “The crypto space is too fractured between multiple blockchains,” he said. “It’s crucial to have one cross-network governance dashboard that helps token holders stay involved in discussions and proposals.”
This idea isn’t just theoretical. More than 700 decentralized communities already use Common, including major projects like dYdX and Axie Infinity, as well as ecosystem foundations such as NEAR, Solana, Polygon, and BitDAO. These projects depend on the platform not only for governance but also to foster active, collaborative communities.
Looking ahead, Common’s next move will take this further. The team is working on an app store for DAOs, enabling communities to select tools tailored to their needs, from treasury management to proposal analytics. The aim is to make DAO governance as flexible as managing a traditional business, without compromising decentralization.
From Platform to Ecosystem
Aligned with this philosophy, Common is also undergoing decentralization. The company intends to introduce its own token, $CMN, which will empower users to have more influence over the platform’s development. This initiative embodies Common’s long-term goal: transforming its users into stakeholders who help shape the core tools they depend on.
The $20 million funding round follows a $3.2 million seed investment last year, led by Dragonfly Capital and ParaFi Capital, during Common’s early phase. Among its initial angel investors was Do Kwon, a figure who has since gained notoriety in the crypto community.
With over 60,000 active users and major Web3 players already onboard, Common has expanded beyond being just a governance tool. It now aims to become the digital infrastructure where the next wave of DAOs will operate, supporting voting, collaboration, and development in a single platform for every community united by a shared goal.
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About The Author
Victoria is a writer on a variety of technology topics including Web3.0, AI and cryptocurrencies. Her extensive experience allows her to write insightful articles for the wider audience.
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Victoria is a writer on a variety of technology topics including Web3.0, AI and cryptocurrencies. Her extensive experience allows her to write insightful articles for the wider audience.
