Public Market

Commission-free eCommerce

10 followers

Commission-free eCommerce

10 followers

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Public Market is restoring the Commercial Commons by building an open, transparent, and competitive architecture for marketplace eCommerce by leveraging blockchain technology to replace these closed, private, rent-extracting intermediaries with an open architecture and protocol for eCommerce.

Launch tags:E-Commerce•Tech•Web3

Launch Team

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Promoted

@kjer, how long ago did you start working on this, if it's not a secret? The teaser is intriguing, but the role of the token in the business model and the economy behind it is very unclear. I look forward to seeing your white paper. Meanwhile, you have an unnecessary extra comma in the Buyer Rewards paragraph under Architecture & Protocol section of the page.

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8yr ago

Public Market

Maker

@igoruphere we started on it a year ago. We can’t wait to release the white paper! Have to wait for legal approval on that. Stay tuned, and thanks for the heads up about the comma!

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8yr ago

Interesting idea, and good luck! Commissions go down, but might transaction costs go up without the monopoly running logistics so efficiently?

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8yr ago

Public Market

Maker

@shamsuddinsyed hi there! Good question. We’re going after third party merchants who already use their own independent fulfillment providers, many of whom are actually *cheaper* than Amazon believe it or not. So shipping costs should stay the same because the seller is using the same logistics provider they otherwise use.

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8yr ago

Best idea I've heard in ages... combining commerce, open markets and free trade, with the power of crypto

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8yr ago

Public Market

Maker

@raul_gasteazoro glad you think so! thanks so much for your support.

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8yr ago

Awesome idea guys - keep hustling away. I’m sure you guys have thoughts about it, but as a seller, much of the reason I would use a Amazon is for the distribution power and the fulfillment capabilities it offers. Solve this problem by bringing in logistic partners into the mix and you have real powerful solution to a big big problem... 🖖🏽

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8yr ago

Public Market

Maker

@al_zee Absolutely. We’ve got some great logistics partnerships lined up that we can’t wait to announce, focused on 2 day or less delivery.

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8yr ago

CallCast.co

Congrats on the launch. Very cool idea. Just some 2 cent feedback... I'm not a "designer" but my intuitive feeling of the website is a bit dark and formidable. When i think of "commerce" i think of trust and transparency... the heavy dark tones of your website come across as a bit back-alley business.

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8yr ago

Public Market

Maker

@adamwebber thanks Adam! I agree that the .io site is not the right look for an eCommerce platform. Our actually eCommerce site looks very different - same basic brand color palette (black/white/blue) but white background. The publicmarket.io site is more of a brochure to explain what we’re building - I hear you though! I want to change out that top image to something more upbeat.

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8yr ago

Public Market

Maker

Learn more about the Public Market Protocol in our latest Medium post from our CTO, Anthony Nystrom! https://medium.com/public-market...

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8yr ago

Freshworks Inc

Is it a marketplace like Amazon or a ecommerce platform like Shopify??

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8yr ago

Public Market

Maker

@vishal_nema it’s actually somewhat like both. We’ll have our own marketplace like Amazon (will launch shortly at public.market), but we’re also building a protocol with public inventory, reputation, and product metadata that anyone can build their own marketplace or “storefront” on top of without having to build up two sided network effects. You can think of it like an open architecture for ecommerce, or a “Commercial Commons” if you will.

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8yr ago

Public Market

Maker

@vishal_nema this article helps to explain it better: https://medium.com/public-market...

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8yr ago

@kjer How about applying that same idea, but to Simbi itself to create a bunch of sub-unions of workers that function like small businesses?The tokenization is definitely a key economic factor to motivate people working together and contributing their best to make the small business successful (so that everyone in that small business could benefit)

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8yr ago

Freshworks Inc

@kjer This sounds really interesting!!

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8yr ago

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