Common.xyz Is Changing the Rules of Decentralized Collaboration

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Victoria d’Este

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Dillon Chen purchased his first Bitcoin again in 2013, marking the beginning of a journey that will ultimately lead him to discovered Widespread.xyz, a platform redefining how Web3 communities collaborate and govern themselves. On this interview, Dillon discusses how Widespread is constructing the full-stack infrastructure for decentralized communities, integrating AI brokers into DAO workflows, and shaping a future the place “one-person billion-dollar firms” might turn into a actuality.

Dillon, might you please introduce your self and inform us about your journey to Web3?

Yep, so I’m Dillon, the founding father of Widespread. I obtained my begin in crypto again in 2013 after I obtained my first Bitcoin. That was someplace between highschool and school. I want to say I began with my ABCs: AI, bio, and crypto, and I used to be simply exploring varied concepts on the time. Buying Bitcoin was my entry level.

Throughout my time at college, I did analysis on Bitcoin transactions and later began mining Ethereum utilizing dormant electrical energy. I additionally labored on some crypto-focused school startup tasks. Quick ahead to at the moment, Widespread was born out of our personal ache level. We participated, each as a blockchain membership and individually, within the authentic DAO. The tooling round that have was actually exhausting to make use of. There was a lot confusion taking place in all places, particularly on Twitter.

I assume we nonetheless reside in an analogous world at the moment, however hopefully, Widespread is now a spot the place customers and neighborhood members can discuss something inside their neighborhood, from grant proposals, new PRs, and have requests to memes and different subjects. They will even fund these initiatives with incentives whereas participating in on-chain voting and DAO-based governance. In order that’s a protracted reply for each my journey and the way we obtained to the place we’re at the moment.

Might you please clarify how Widespread distinguishes itself from different platforms centered on on-chain communities and DAOs?

I feel the core for us is constructing ourselves into a totally featured discussion board. There are numerous tasks on the market, a few of which we associate with, that focus closely on the on-chain governance side, like proposal execution. The way in which I like to think about it’s much like coding: whenever you elevate a pull request that will get merged right into a codebase, they concentrate on that course of, exhibiting who accredited or disapproved it and working simulations.

DAOs work equally, the place proposals are voted on-chain and tracked. However we concentrate on the upstream side, proper when somebody has an concept. We wish a neighborhood member to have the ability to create a thread, invite dialogue, run an off-chain ballot (token-weighted or not), and lead that concept by means of its complete lifecycle.

I additionally consider DAOs in a broader sense, not simply token-based voting or massive treasuries. Something with a token that invitations collaboration is one thing we assist with. Meme cash, NFTs, and different community-driven tokens all have DAO points, and we help these as effectively.

One of many key parts of Widespread is its full-stack method. Would you stroll us by means of what a full-stack platform for communities appears to be like like in sensible phrases?

It comes down to 3 points: launch, earn, and develop. In the course of the launch section, you’ll be able to straight launch a token on the platform, and it inherits all of the performance that we’ve constructed for different communities.

Within the earn section, there are totally different mechanisms that each customers and tasks can leverage to distribute tokens to contributors. One instance is contests. Since Widespread has the shape issue of a discussion board, customers can put up new threads and get upvotes. Primarily based on the top-voted posts, communities can distribute native tokens for the very best concepts. That’s simply one in every of a number of mechanisms. There are additionally methods to reward token possession, generate badges for members, or allocate off-chain factors for pre-TGE tasks.

Lastly, within the develop section, which is basically the governance section, after getting a thread or matter, you’ll be able to create a proposal, use Snapshot, and vote straight on-chain by means of the platform. Launching, incomes, and rising ought to all occur in a single place.

What traits do you assume will form the way forward for decentralized governance and DAOs? How is Widespread making ready to adapt or contribute to those adjustments?

I feel an important factor is the autonomous side. To interrupt down DAO: decentralized, autonomous, and group. Over the previous 5 years, folks have centered primarily on decentralization, however now, with AI and brokers, the autonomous side is coming to life.

An important instance was OpenAI’s latest developer day. Brokers and fashions are shifting past being simply chatbots. They will now carry out helpful work. The workflow builder, for example, permits you to chat with an agent who makes use of a number of functions to supply significant outcomes. These instruments will proceed to enhance, assume over longer time horizons, and contribute actual work.

Within the subsequent 5 years, I feel we’ll see “one-person billion-dollar firms” and even “zero-person firms,” the place token holders act like board members giving high-level suggestions to AI brokers doing the work. At Widespread, we’re already constructing towards this future, supporting new workflows and enabling brokers to contribute, vote, and collaborate towards a DAO’s shared purpose.

By way of onboarding new customers to Web3, do you see any boundaries that should be overcome? What methods do you utilize to simplify the consumer expertise?

That’s an important query. The tooling has improved lots by way of usability. A pockets continues to be the core of your id, whether or not it’s from Privy, Magic, or one other supplier. The pockets expertise has come a good distance, however onboarding nonetheless must be seamless as a result of social apps are likely to lose customers shortly if the method is troublesome.

The subsequent essential issue is use circumstances. We’ve moved past simply saving cash or holding digital gold. Now we see use circumstances which might be extra human and sensible, like stablecoins, funds, and playing cards. These are issues folks use each day. The subsequent frontier will probably be social use circumstances — prediction markets, DAOs, subreddits, and communities.

As tooling and use circumstances increase, folks will begin utilizing Web3 of their on a regular basis lives relatively than checking their crypto as soon as each few years. That’s what brings new customers in.

In keeping with your roadmap, you intend to combine AI brokers into Widespread. What particular duties will they carry out inside communities?

We see three phases for integrating AI brokers. The primary is addressing neighborhood wants straight, similar to summarizing threads or drafting new posts. These are low-hanging fruits, and we’ve already carried out them.

The second section focuses on integrations. We need to pull knowledge from the place communities already reside, similar to Discord, Twitter, and even on-chain knowledge. Brokers may also join with on a regular basis instruments like Google Sheets and Drive to reinforce productiveness.

The third section ties again to what I discussed earlier, enabling brokers to assume long-term, collaborate, and plan actions. As fashions enhance, they’ll be capable of work independently towards neighborhood objectives. For instance, an agent may collect consumer suggestions from Discord, format a PR doc, prototype a function, and submit it for human overview, all with minimal oversight. We’re getting very near that actuality.

Widespread has collaborated with a few of the most progressive organizations in Web3. What partnerships or case research are you most pleased with? What do they reveal about Widespread’s influence?

A serious milestone for us was helping with the LayerZero launch. They’re probably the most revered and widely known communities in crypto, touching nearly each token ecosystem. That belief meant lots to us.

The method we supported was their airdrop distribution and neighborhood dialogue. We had tens of hundreds of posts from customers worldwide. They used each function on our platform — token-gated posting, a number of subjects for triage, and structured dialogue for a fancy airdrop computation.

It went comparatively easily, which isn’t straightforward behind the scenes. Any founder will inform you how chaotic issues can get, however we managed to climate the storm and assist them execute efficiently.

What about future partnerships? Do you might have something upcoming?

We’re at the moment working with a number of EVM and non-EVM Layer 1 ecosystems. You’ll begin seeing these launches within the subsequent few months. These are the highest 50 tasks by market cap, which is a superb signal of belief. Hopefully, by the point this interview is revealed, these collaborations will already be seen.

How do you see the trade evolving over the subsequent three to 5 years? What position will Widespread play on this evolution?

If we have a look at crypto’s evolution, early use circumstances like Bitcoin have been centered on high-value, low-frequency transactions. With DeFi, it turned lower-value however higher-frequency. Stablecoins introduced each day interactions. And with social functions, interactions are much more frequent however lighter.

Widespread matches squarely inside this social layer. Whether or not by means of brokers or neighborhood discussions, customers will ship lots of of messages each day throughout their communities. We purpose to be the always-on hub for that exercise.

As new tokens and tasks launch, we anticipate our neighborhood depend, already above 80,000, to develop into the lots of of hundreds. Our imaginative and prescient is to have a neighborhood for each token and a token for each neighborhood concept. We’re effectively on our means there.

Lastly, what are a few of the most fun improvements in Web3 you’re keeping track of? How do you intend to combine them into Widespread?

It’s been wonderful to see how a lot progress the trade has made. Again at DevCon Prague, phrases like stablecoins, DAOs, prediction markets, and layer ones have been simply concepts. Now they’re all actual, practical merchandise.

One space that’s changing into more and more essential is privateness. As we attain mass adoption, privateness turns into crucial for funds, the place you don’t need everybody seeing your espresso purchases, and for social conversations that ought to stay non-public.

For DAOs, privateness is very very important. Communities typically talk about early-stage concepts or methods that shouldn’t be public. Integrating zero-knowledge proofs for id, so members can show token possession or contributions with out revealing their id, will assist foster extra open but safe discussions.

That’s one of many largest improvements we’re specializing in now, and we hope to productize it simply as different applied sciences earlier than it have come into their very own.

About The Creator

Victoria is a author on quite a lot of expertise subjects together with Web3.0, AI and cryptocurrencies. Her intensive expertise permits her to put in writing insightful articles for the broader viewers.

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Victoria d’Este