We've reached a major milestone in solving #dcommerce. A hard problem & gargantuan opportunity in #Web3. We raised $36M in funding, assembled a protocol dream team & designed the next version of @BosonProtocol - 'v1'. A DEX for anything.
Next blitzscale execution. A thread.
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@BosonProtocol our vision is to prevent a dystopian future where monopolies control commerce and value-farm us all.
Instead to enable decentralized commerce where people share in the value they create.
We aim to create thousands of millionaires instead of a few trillionaires
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As FAMGA eyes the #metaverse, @BosonProtocol represents core infrastructure for an open metaverse economy, by enabling open commerce between the metaverse and the universe.
@jamie247 @pierskicks @TimSweeneyEpic @RyanCrucible @ballmatthew @RaoulGMI
theverge.com/22588022/mark-…
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The prize for decentralizing commerce is gargantuan, but the problem of connecting smart contracts to real world commerce is very hard.
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Real World Asset problem.
If I tokenize my car and you buy the token, how can you be sure that you will receive the car (or your money back)?
To solve this problem requires significant resources: financial, human and intellectual.
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It requires the the greatest minds across:
- protocol design: how to design a protocol to enable commerce without intermediaries?
- Legal engineering:how to immunise the system against legal risk?
- game theory: how to design incentives compatible with our objectives?
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To April we raised $36M in the $BOSON token sale, from an amazing community & investors including: @OVioHQ @animocabrands @FBGCapital @WalshWealthVC @dao_duck @MoonwhaleV @rarestonecap @CapitalVendetta @NGC_Ventures @Pluto_Digital @G1_Ventures @LotusCapital1 @Titans_ventures
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We used this funding to assemble a protocol design dream team:
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Legal Engineering:
Legal guidelines for Web3 are constantly evolving. As @BosonProtocol is interfacing with the real world, staying compliant is essential.
Guiding us through this uncharted territory, @yaoeo & @silkenoa joined us as some of the best legal engineers in Web3
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Protocol Design:
In facilitating the exchange of real-world goods & services, designing the protocol is a unique challenge.
With a wealth of experience in ETH2 consensus research + in depth smart contract architecture, @adiasg & @mudgen bring expert knowledge to the team
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Game Theory:
When designing an escrow & payment system, getting the incentives right is essential.
Dr Akaki Mamageishvili & @zeynepgurguc connect protocol functionality with the right incentives for buyers & sellers and apply their extensive academic experience to Web3
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Together we have designed Boson Protocol v1 to be 3x simpler and 10x more powerful than Boson Protocol v0.
BP v1 is a DEX for anything.
Enabling trust-minimized exchange of digital, physical or on-chain assets as tradable NFT commitment tokens.
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In parallel to designing BP v1, the Leptonite p2p marketplace reference app has been built on Boson Protocol v0.
Deployed on @Ethereum Rinkeby test network, the application enables developers to get to grips with #dCommerce
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With the new protocol design complete, our focus has shifted to executing of our go-to-market strategy:
1. Beachhead - Metaverse Commerce MVP
2. Breakout - Metaverse Commerce Product
3. Mainstream - Decentralized Commerce Stack
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Our Metaverse commerce MVP - Portal enables brands to sell physical goods within a virtual lifestyle & commerce playground which connects the @decentraland metaverse with the universe
#bosonportal
bosonportal.io
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Next, we are developing a Metaverse Commerce Product that Enables brands to sell physical products in multiple Metaverses direct from existing e-commerce channels such as @Shopify, @Magento and @Woocommerce.
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Our ultimate destination is to disrupt existing #ecommerce with a decentralized commerce stack.
[#ecommerce devs- apply for funding to build this!]
medium.com/bosonprotocol/…
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We are solving a problem of global importance, gargantuan value & one of the hardest problems in Web3.
We have raised the funds, assembled the team and designed the solution.
Now we engage hyper blitzscale mode.
Join us!
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