Justin Banon @BosonProtocol Profile picture
Apr 3, 2023 โ€ข 15 tweets โ€ข 6 min read โ€ข Read on X
1/14
@BosonProtocol Masterplan ๐Ÿง™โ€โ™‚๏ธ๐Ÿ“œ/ Part 2 Purpose | Mission | Progress ๐Ÿ—บ๏ธ๐Ÿงญโœจ
@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, ๐Ÿช™๐Ÿ’ต
- instead of being milked by one of a few e-comm trillionaires. ๐Ÿ›‘๐Ÿฎ๐Ÿฅ›
3/14
Our THESES are:
> that civilisation will run on public blockchains (ty @trentmc0 ๐Ÿง™โ€โ™‚๏ธโ›“๏ธ)
> that it will become negligent to transact value in any other way ๐Ÿ’ฑ
4/14
@BosonProtocol we are on a two stage MISSION to become:
Stage 1 < Web3โ€™s Commerce Layer >
Stage 2 < The commerce rails for a blockchain run civilisation > โ›“๏ธ๐Ÿ›ค๏ธ
What does that mean?โ€ฆ
5/14
โ€ฆan 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. ๐ŸŒป๐Ÿ›๏ธ๐ŸŒŽ
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.๐Ÿช™๐Ÿ‘จโ€๐Ÿ‘ฉโ€๐Ÿ‘ฆโ€๐Ÿ‘ฆ
7/14
PROGRESS
Disruptive technologies need to achieve two major goals:
> BUILD SOMETHING USEFUL โ›๏ธ๐Ÿ”ง๐Ÿช›
> GET IT USED ๐Ÿ‘จโ€๐Ÿญ
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 Image
9/14
WE ARE NOW LASER FOCUSSED ON GETTING IT USED
GoToMarket Plan:
1> SELL: Establish beachhead with Web3 Seller 'Early Adopters'๐Ÿ›๏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'๐Ÿ“ˆ
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>๐ŸŽซ Image
11/14
2> BUILD โ›๏ธ๐Ÿช›๐Ÿ”ง
Enable builders to super easily integrate Boson into websites, apps, dapps. via:
> Commit widget to Sell
> Redeem widget for redemption
> Dispute Centre widget Image
12/14
3> SCALE๐Ÿ“ˆ
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 Image
13/14
SCALE ๐Ÿญ
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. Image
14/14
ROADMAP ๐ŸŒŽ๐Ÿงญ๐Ÿ“ˆ
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! Image

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More from @JBanon

Mar 21, 2023
1/18๐Ÿงต
@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' Image
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/layer2/2022/11โ€ฆ.
Read 19 tweets
Apr 9, 2022
Gearing up for @BosonProtocol v2 launch. Sneak preview of draft copy & sketches. Feel free to comment/suggest. A thread... ๐Ÿงต

*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.
Read 12 tweets
Aug 17, 2021
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
3/
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-โ€ฆ
Read 18 tweets

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