Public Market

Overview

Today’s eCommerce platforms are built around two-sided marketplace network effects, where the growth in the number of sellers and items available benefits the existing buyers and attracts more buyers, which in turn attracts more sellers. These same network effects that attract and drive value for buyers and sellers mature into powerful competitive moats which insulate large eCommerce marketplaces from competition and empower them to exert monopoly power on network participants, most often in the form of fee and data extraction. Public Market is pursuing a different vision. By provisioning the previously proprietary infrastructure of eCommerce within an open and decentralized protocol, Public Market preserves the utility of a large and vibrant marketplace while eliminating the incentive to extract monopoly rents from buyers and sellers