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 may finally 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 corporations” might develop 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 once I obtained my first Bitcoin. That was someplace between highschool and school. I wish to say I began with my ABCs: AI, bio, and crypto, and I used to be simply exploring numerous 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 right now, 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 arduous to make use of. There was a lot confusion occurring all over the place, particularly on Twitter.

I suppose we nonetheless reside in an analogous world right now, however hopefully, Widespread is now a spot the place customers and neighborhood members can speak about something inside their neighborhood, from grant proposals, new PRs, and have requests to memes and different subjects. They’ll even fund these initiatives with incentives whereas partaking 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 right now.

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

I believe the core for us is constructing ourselves into a totally featured discussion board. There are a lot of tasks on the market, a few of which we companion with, that focus closely on the on-chain governance facet, like proposal execution. The best way 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 give attention to that course of, exhibiting who authorized or disapproved it and working simulations.

DAOs work equally, the place proposals are voted on-chain and tracked. However we give attention to the upstream facet, proper when somebody has an thought. We would like 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 its whole 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 facets, and we help these as properly.

One of many key elements of Widespread is its full-stack strategy. Would you stroll us by what a full-stack platform for communities seems like in sensible phrases?

It comes down to 3 facets: launch, earn, and develop. Throughout the launch section, you possibly can immediately 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 submit new threads and get upvotes. Based mostly on the top-voted posts, communities can distribute native tokens for the perfect concepts. That’s simply considered one 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 actually the governance section, upon getting a thread or subject, you possibly can create a proposal, use Snapshot, and vote immediately on-chain by the platform. Launching, incomes, and rising ought to all occur in a single place.

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

I believe crucial factor is the autonomous facet. To interrupt down DAO: decentralized, autonomous, and group. Over the previous 5 years, folks have targeted primarily on decentralization, however now, with AI and brokers, the autonomous facet is coming to life.

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

Within the subsequent 5 years, I believe we’ll see “one-person billion-dollar corporations” and even “zero-person corporations,” 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 aim.

When it comes to onboarding new customers to Web3, do you see any boundaries that must be overcome? What methods do you employ to simplify the person expertise?

That’s an excellent query. The tooling has improved so much when it comes to usability. A pockets remains 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 inclined to lose customers shortly if the method is troublesome.

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

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

In accordance 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 immediately, similar to summarizing threads or drafting new posts. These are low-hanging fruits, and we’ve already applied them.

The second section focuses on integrations. We need to pull information from the place communities already reside, similar to Discord, Twitter, and even on-chain information. Brokers may even 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 suppose long-term, collaborate, and plan actions. As fashions enhance, they’ll have the ability to work independently towards neighborhood targets. For instance, an agent may collect person suggestions from Discord, format a PR doc, prototype a characteristic, and submit it for human evaluation, all with minimal oversight. We’re getting very near that actuality.

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

A significant milestone for us was aiding with the LayerZero launch. They’re one of the vital revered and well known communities in crypto, touching virtually each token ecosystem. That belief meant so much to us.

The method we supported was their airdrop distribution and neighborhood dialogue. We had tens of 1000’s of posts from customers worldwide. They used each characteristic 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 is rarely straightforward behind the scenes. Any founder will let you know how chaotic issues can get, however we managed to climate the storm and assist them execute efficiently.

What about future partnerships? Do you could 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 business evolving over the following three to 5 years? What function will Widespread play on this evolution?

If we take a look at crypto’s evolution, early use instances like Bitcoin had been targeted on high-value, low-frequency transactions. With DeFi, it turned lower-value however higher-frequency. Stablecoins introduced every day interactions. And with social purposes, interactions are much more frequent however lighter.

Widespread matches squarely inside this social layer. Whether or not by brokers or neighborhood discussions, customers will ship a whole lot of messages every day throughout their communities. We goal 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 a whole lot of 1000’s. Our imaginative and prescient is to have a neighborhood for each token and a token for each neighborhood thought. We’re properly on our method there.

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

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

One space that’s changing into more and more vital is privateness. As we attain mass adoption, privateness turns into essential 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 focus on 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 greatest 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 Writer

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

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Victoria d’Este