We.Rich, the 1st UGA platform, has announced a $2 million seed round led by Folius Ventures and Animoca Brands.
The crypto world is witnessing a revolutionary shift from Professionally Generated Assets (PGA) to User Generated Assets (UGA), and at the forefront of this transformation is We.Rich. This innovative platform is redefining how crypto assets are created and traded in the Web3 era, making asset creation accessible to everyone.
Just as User Generated Content (UGC) transformed the Web2 landscape, UGA is poised to democratize asset creation in Web3. While the crypto industry has long been dominated by PGA, launched by large institutions and professional teams, We.Rich aims to break down these barriers and empower ordinary users to create fully functional crypto assets.
We.Rich: The UGA pioneer
We.Rich has positioned itself as more than just another memecoin launchpad. It’s the proposer of the UGA (User Generated Asset) concept and is committed to pushing the transition of crypto from the PGA era to the UGA era. We.Rich enables anyone to become a founder and anything to be tradable by providing a zero-cost, zero-threshold asset creation experience and an AI-powered personalized asset recommendation engine. Recently securing $2 million in funding led by Folius and Animoca, We.Rich has gained recognition as a leader in the UGA sector.
Key features and innovations
The platform offers several key features that set it apart. Its one-click free launch simplifies asset launch by combining Bonding Curve with Coinbase Smart Wallet. Users can launch secure, fairly launched assets with instant liquidity, without paying gas fees or providing initial liquidity. We.Rich also supports diverse asset creation, allowing tokenization of various content types, including images, text, and videos, with plans to expand to any link or file in the future.
An AI-powered personalized asset recommendation system analyzes users’ wallet data to suggest valuable assets based on their interests and profiles. Furthermore, We.Rich integrates with Farcaster, allowing users to log in with their Farcaster identity and simplifying UGA operations through the Frame function.
Design philosophy and user empowerment
We.Rich's design philosophy centers on "Anyone can be a founder. Anything is tradable." The platform offers fair launch mechanisms with liquidity and security guarantees, zero gas fees for asset creation, AI-driven asset recommendations and distribution, and integration with Coinbase Smart Wallet for easy onboarding.
The Founder Rich Program
The "We Rich Together" concept is embodied in We.Rich's Founder Rich Program, which offers additional rewards to users who issue assets on the platform. These include 20% of transaction fees from created assets and a 0.1 ETH reward when the asset graduates.
The future of RICH
Looking to the future, We.Rich plans to issue its own governance token, RICH. The token distribution will be linked to users' contributions on the platform, measured by factors such as the number, quality, and transaction volume of launched assets. Early participants and active community users will receive token airdrops. Future use cases for RICH tokens will include transaction fee commission buybacks, staking rewards, ecosystem value capture mechanisms, and airdrops of popular tokens on the platform to RICH holders.
Leveraging the base ecosystem
We.Rich has chosen to build its platform on Base, Coinbase's Layer 2 solution. This decision leverages Base's technological advantages and Coinbase's support, creating ideal conditions for large-scale UGA application.
A vision beyond asset launch
The platform's vision extends beyond mere asset launch. We.Rich aims to create a trinity of social, finance, and governance in the UGA space. Future plans include introducing features such as bullet comments, live streaming, AI-generated content, and VIP systems to enhance user engagement and platform appeal. The integration with Farcaster and use of Coinbase Smart Wallet pave the way for mass adoption, potentially bringing millions of users into the Web3 world with ease.
Conclusion: Embrace UGA on We.Rich
We.Rich represents a paradigm shift in crypto asset creation, moving from the PGA era to the UGA era. By lowering entry barriers, providing innovative tools, and fostering a community-driven ecosystem, We.Rich is democratizing asset creation in the Web3 space. The platform's success could potentially reshape the crypto landscape, much like how UGC transformed content creation in Web2.
As the dawn of the UGA era arrives, We.Rich invites everyone to become a founder in this new chapter of crypto asset creation. With its revolutionary concept, innovative technology, and user-friendly design, We.Rich is not just adapting to the changing crypto landscape – it's actively shaping it. As the crypto world continues to evolve, We.Rich stands at the forefront, championing the idea that in the world of crypto assets, we can all be rich together.
Media Links
Website: https://we.rich
Twitter/X: https://x.com/WeRich
Telegram: https://t.me/werichcommunity