Commonwealth Labs

About Commonwealth Labs

Founded in 2018 by Dillon Chen, Drew Stone, and Raymond Zhong, Commonwealth Labs, Inc. is a privately-held entity operating from San Francisco, California. The firm has developed common.xyz, a cross-functional governance and community management platform tailored for decentralized autonomous organizations (DAOs). This platform provides an integrated environment for on-chain communities to engage in discussions, conduct votes, and make collaborative funding decisions. Co-founder Dillon Chen, an alumnus of the Wharton School with a background in Economics, began his journey in the crypto space in 2013, leading to the creation of Commonwealth to address community organization and governance challenges.

The core of the business is its all-in-one platform designed to serve on-chain communities across various blockchain ecosystems, including Ethereum, Cosmos, and Solana. The platform facilitates community creation, crypto-native forums, and token-gated discussions, which enhance transparency and user experience by leveraging wallet logins. It offers tools for launching tokens, particularly ERC-20 tokens on Base, allowing communities to build and expand from inception. The business model is centered on providing the infrastructure for these communities to launch, grow, and govern themselves effectively. By offering a comprehensive suite of tools, from discussion forums to on-chain voting mechanisms, the company empowers projects to foster active and engaged communities.

The common.xyz platform distinguishes itself by being multi-chain and offering a robust set of features that compete with traditional web2 alternatives like Discourse. Its product includes integrations with governance tools like Snapshot, allowing for seamless proposal and voting processes directly within the community forum. Key functionalities include on-chain contests, customizable branding, community analytics, and one-user-one-vote polls to gauge community sentiment before formal proposals. The platform also supports various on-chain governance models, such as those used by Compound and Curve. Initially, Commonwealth Labs developed Edgeware, a smart contract platform on Polkadot, which utilized a novel token distribution method called a "lockdrop" to align stakeholder incentives. The company is now focused on decentralizing the common.xyz protocol, with the goal of it being managed by its community.