1/14 @BosonProtocol Masterplan ๐งโโ๏ธ๐/ Part 2 Purpose | Mission | Progress ๐บ๏ธ๐งญโจ @BosonProtocol has a deep PURPOSE: 1) To divert from the current trajectory where commerce is captured by a few monopolies
- to a future where the value created by commerce is shared amongst the many
2/14
PURPOSE 2) To create a future where our children get the chance to become one of many commerce millionaires, ๐ช๐ต
- instead of being milked by one of a few e-comm trillionaires. ๐๐ฎ๐ฅ
3/14
Our THESES are:
> that civilisation will run on public blockchains (ty @trentmc0 ๐งโโ๏ธโ๏ธ)
> that it will become negligent to transact value in any other way ๐ฑ
4/14 @BosonProtocol we are on a two stage MISSION to become:
Stage 1 < Web3โs Commerce Layer >
Stage 2 < The commerce rails for a blockchain run civilisation > โ๏ธ๐ค๏ธ
What does that mean?โฆ
5/14
โฆan interoperable protocol to mediate commerce transactions.
Like the tcp/ip protocol, but instead of carrying data carrying commerce transactions between a flourishing decentralized commerce ecosystem. ๐ป๐๏ธ๐
6/14
A protocol which anyone can use, and everyone can trust - because governance is decentralized. And where the value of a new programmable economy is unlocked and shared between participants via the Boson token.๐ช๐จโ๐ฉโ๐ฆโ๐ฆ
7/14
PROGRESS
Disruptive technologies need to achieve two major goals:
> BUILD SOMETHING USEFUL โ๏ธ๐ง๐ช
> GET IT USED ๐จโ๐ญ
8/14
WE BUILT SOMETHING USEFUL
> published our white paper v1 Sep 20
> launched Boson v1 - Nov 21
> powered Metaverse Fashion Week 22
> launched v2 - the 1st production grade #dcommerce protocol Q4 22
https:/14/14twitter.com/14BosonProtocol/14status/141609185988584022017?s=20
9/14
WE ARE NOW LASER FOCUSSED ON GETTING IT USED
GoToMarket Plan:
1> SELL: Establish beachhead with Web3 Seller 'Early Adopters'๐๏ธ
2> BUILD: Develop easy-to-integrate widgets for buildersโ๏ธ
3> SCALE: Build Web2.5 apps to 'cross the chasm' to mainstream Seller 'Early Majority'๐
10/14
1> SELL stage Value prop:
For Web3 early adopters
Lacking capability to DIY
and/or without budget to outsource
Boson Protocol offers an affordable, decentralized way to:
< Sell & drop physical items as NFTs anywhere in-verse, in-game, online and on marketplaces>๐ซ
11/14
2> BUILD โ๏ธ๐ช๐ง
Enable builders to super easily integrate Boson into websites, apps, dapps. via:
> Commit widget to Sell
> Redeem widget for redemption
> Dispute Centre widget
12/14
3> SCALE๐
Problem:
Mainstream brands want to sell physical products in Web3 and the Metaverse
But protocols like Boson:
> Are too complex for brands to interact with
> dapps do not provide tools for use at scale
13/14
SCALE ๐ญ
Solution:
Boson Enterprise enables mainstream brands to sell physical products as NFTs anywhere across the Metaverse, Gaming & Web3, using familiar Web2 APIs and interfaces which connect Boson Protocol to leading e-commerce platforms.
14/14
ROADMAP ๐๐งญ๐
We now have a backlog of core technology already built (eg Opensea & Perpetual royalties) & just waiting for UI to be completed prior to launch. This means we will be launching a steady stream of products to support demand, adoption and scaling this year!
1/18๐งต @BosonProtocol Masterplan / Part 1
We live in a time when trust-based assets held in centralized financial institutions such as banks and CEXs are again failing; as they did during the financial crisis of 2008. This time we have a safe haven: Web3 enabled 'provable assets'
2/18
Trust-based assets are typically:
> undercollateralised
> weak promises
> issued by intermediaries
eg bank and CEX deposits
Whereas provable assets are:
> fully collateralised
> immutable commitments
> enforced by smart contracts
eg cryptocurrencies and #defi deposits
3/18
The last year's failures of banks, CEXs and hedge funds all represent trust-based promises which were broken, resulting in either depositors or taxpayers (via bailouts) losing out. In contrast, the provable assets of #Defi & crypto stood strong. coindesk.com/layer2/2022/11โฆ.
Gearing up for @BosonProtocol v2 launch. Sneak preview of draft copy & sketches. Feel free to comment/suggest. A thread... ๐งต
*Boson Protocol the universal settlement layer for commerce*
Tokenize, transfer and trade any digital or physical Thing as an NFT.
*Autonomous exchange, without intermediaries* @BosonProtocol's core exchange mechanism automates the commercial exchange of digital to physical assets. No centralised intermediaries, just autonomous code on Ethereum. We call this decentralized autonomous commerce. #dcommerce
*Transaction assurance* @BosonProtocol's dispute resolution mechanism uses game theory to incentivise fairness and automate the resolution of the main payload of disputes. Input the payment amount in crypto โ and receive the physical asset or your money back.
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.
2/ @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