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

Viktor.comAn AI coworker that actually does the work

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OneUp

Commision free, free shipping... @kjer How do you plan on monetizing?

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8yr ago

Public Market

Maker

@daviswbaer it’s an entirely different business model based around a token. The protocol itself lives within a nonprofit foundation, and gets supported by the token itself. These new business models are pretty revolutionary, actually!

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8yr ago

OneUp

@kjer Sounds interesting :)

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8yr ago

Product Hunt

Hey @kjer, Can you tell us more about what you've built here and how you see it changing ecommerce?

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8yr ago

Public Market

Maker

@jacqvon Yes! the best place to learn about it is on yesterday's Medium announcement post: https://medium.com/public-market...

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8yr ago

How does this differ to OpenBazaar as an example?

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8yr ago

Public Market

Maker

@giannidalerta Good question -- it's a fundamentally different approach. Open Bazaar optimizes for privacy and full decentralization. Public Market is optimizing for mass market adoption -- it's designed to both fit seamlessly into professional marketplace merchants' workflows (hence the large number of SKUs we will have at launch, approximately how many Jet had) and to feel like a normal eCommerce product to a consumer. Buyers don't need to download a software client, and they can check out with their credit card, they get their goods quickly and conveniently, etc. In other words, we are not requiring consumers to change their behavior in order to participate. In addition, because the protocol is commission free, buyers can make up the difference of what would have been paid in commissions in the form of Patron tokens. Another key difference is that our protocol can be built on top of by any marketplace application, not just our own storefront. We're aggregating the key datasets that private marketplaces keep proprietary (inventory, reputation, catalog metadata), and making those Public and shared resources.

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8yr ago

@wubledoo so based on this, why do you need a blockchain? what are you guys tokenizing and why?

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8yr ago

Public Market

Maker

@giannidalerta There are multiple ways in which we do/will use the blockchain. The buyer rewards system itself is tokenized. We also will leverage the blockchain for the Public Reputation element of our protocol. Stay tuned to our Medium channel, as our CTO will be publishing more detail on our current progress and roadmap in the next 2 weeks' time. https://medium.com/public-market

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8yr ago

Yoshi

This is the most compelling real world use case I've heard of for the blockchain

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8yr ago

Public Market

Maker

@nick_alexander Thanks! We think so too!

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8yr ago

“eCommerce Is Broken” -- I hate this copy. Love everything else and the idea.

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8yr ago

Public Market

Maker

@fsimmons1 thanks Fred! Appreciate your feedback on the copy. We explain in this article what we mean by "eCommerce is broken", but it's hard to encapsulate these concepts in simple phrases. Always open to suggestions for how we could do it better.

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8yr ago