Boson Protocol

Metaverse
NFT
Other Categories
+2
- NFT
- NFT

Copy link
Share on X

Claim company
Report company

Description

Boson Protocol is a pioneering decentralized commerce platform leveraging blockchain technology to revolutionize e-commerce. By utilizing non-fungible tokens (NFTs) on the Ethereum network, it enables the seamless sale and exchange of physical goods and services without intermediaries. Launched in 2021, the project uses smart contracts to tokenize real-world assets, promoting an equitable, trustless commerce ecosystem by bridging digital value with tangible products. Boson Protocol's innovative approach extends the utility of NFTs beyond digital assets, fostering the creation of phygital assets through stateful NFT vouchers. Governed by its user community, it charges a minimal 0.5% fee per transaction, ensuring fair value distribution. As a recognized Technology Pioneer by the World Economic Forum, Boson trades on numerous markets, experiencing price fluctuations and achieving daily trading volumes from $460,000 to over $11 million. It significantly contributes to the Web3 economy by unbundling centralized commerce monopolies. Official website: [bosonprotocol.io](http://bosonprotocol.io).

Socials

Similar companies

BOScoin

BOScoin is a crypto platform with Trust Contracts, using mFBA for secure transactions. Its currency, BOS, facilitates transactions and governance through the Congress Network, promoting democratic project participation.

BOSONIC

Bosonic is a decentralized project offering a real-time clearing and settlement platform, the Bosonic Network™, designed to eliminate counterparty risk in digital asset markets, catering to exchanges, OTC desks, and banks.

BYTOM

Bytom is a blockchain for asset digitization, supporting multiple asset types with a focus on efficient, secure management through a PoW consensus and Tensority algorithm for eco-friendly mining. It enables high-speed, cross-chain transfers with a 3-l...

Sonata Network

Sonata Network (SONA) leverages blockchain to offer a decentralized platform on Ethereum, focusing on secure transactions, smart contracts, and DeFi integrations.

Beyond Protocol

Beyond Protocol merges IoT and blockchain, ensuring secure machine-to-machine value transfers and creating innovative applications with device collaboration.

Boshi

Boshi is a memecoin on the Base blockchain, enabling users to engage in meme-based activities and trade securely.

BOSAGORA

BOSAGORA aims to create a decentralized governance system with its "Congress Network" for decision-making. It uses the BOA token and FBAS for scalable transactions, supporting smart contracts and dApps through "Trust Contracts" for a democratic web3 e...

NFT Protocol

NFT Protocol is a decentralized platform for trading, minting, and swapping NFTs across blockchains, featuring a DEX, utility token for governance and transactions, emphasizing interoperability and community-driven innovation.

BeZANT

Bezant is a decentralized payment platform offering fast, secure, low-cost services for digital goods, powered by its BaaS. It supports custom tokens, empowering creators and enabling financial inclusivity via its BZNT token.

BUMO

BUMO is a next-gen public Blockchain aiming for ubiquitous, trusted value transfer with a decentralized app ecosystem, two-layer blockchain for scalability, BU Firework PoS consensus, and cross-chain compatibility.

NOS Initiative

NOS Initiative merges NFT technology with physical trading cards on Ethereum, offers a marketplace, and plants a tree for every NFT sold, promoting eco-friendly digital collectibles.

Kosmos

Kosmos offers a high-performance, scalable blockchain infrastructure for web3, enabling the creation of customized ecosystems via Cosmos SDK. It supports interoperability and sovereignty across a decentralized network, enhancing the web3 ecosystem's e...

FAQ

What is Boson Protocol and how does it function?

Boson Protocol is a decentralized commerce platform built on the Ethereum blockchain that uses NFTs to enable the sale of physical goods and services. By deploying smart contracts, it minimizes intermediaries in transactions, creating a trustless e-commerce ecosystem. The protocol employs stateful NFT vouchers to tokenize commitments for future exchanges of digital value for real-world products, enhancing efficiency and reducing costs by eliminating centralized intermediaries.

How does Boson Protocol benefit the e-commerce industry?

Boson Protocol revolutionizes e-commerce by integrating physical goods with digital assets through NFTs. It facilitates direct transactions between consumers and vendors without intermediaries, reducing costs and enhancing efficiency. By automating the process through smart contracts, it provides a more secure and transparent commerce system. The protocol extends NFT utility beyond digital art, offering significant benefits for those integrating blockchain technology into traditional e-commerce.

How does Boson Protocol differ from traditional e-commerce platforms?

Unlike traditional e-commerce platforms that rely on middlemen, Boson Protocol utilizes blockchain technology and smart contracts to automate transactions. It tokenizes commitments rather than physical products, allowing direct exchanges of value for real-world goods through NFTs. This eliminates the need for intermediaries, reducing costs and increasing transaction transparency. Boson's decentralized approach supports an equitable commerce ecosystem, providing a novel method of digital-to-physical exchanges.

Can Boson Protocol NFTs be used for items beyond digital art?

Yes, Boson Protocol extends the utility of NFTs beyond digital art by tokenizing physical goods and services. This enables phygital assets, which are digital tokens representing tangible items, to be traded, gifted, or held like conventional NFTs. Buyers can redeem tokens for actual products or receive refunds, all managed through smart contracts, offering a broader scope of NFT application in commerce.

How does Boson Protocol ensure security and trust in transactions?

Security and trust in Boson Protocol are ensured through the use of smart contracts and a decentralized infrastructure. Transactions are governed by code, eliminating the need for trust in intermediaries. Buyers are guaranteed either the purchased products or refunds through automated processes managed by smart contracts and independent dispute resolvers. This structure provides a reliable and equitable system, as recognized by the World Economic Forum.

What are the transaction fees and tokenomics of Boson Protocol?

Boson Protocol charges a minimal transaction fee of 0.5%, making it highly cost-effective compared to traditional platforms. The native token, BOSON, has a capped supply of 200,000,000 tokens with varying circulation, facilitating active market trading. This tokenomics structure supports an equitable and sustainable economic model within the decentralized commerce ecosystem, empowering users and allowing for broad participation in the network's governance.

FAQ

Company is unclaimed. Do you work for or own this company?

Description

Socials

Tags