Whatever happened to decentralized marketplaces?
Whatever happened to decentralized marketplaces?
I’ve once heard about decentralized alternatives to eBay and Amazon where you can buy/sell items online without middleman. OpenBazaar and Parcl are among several alternatives aiming to transform e-commerce. While they’ve gathered a lot of attention within their early days, it seems the concept of a “decentralized marketplace” is fading away as the industry shifts into “meme” coins and NFTs. Are tightening regulations one of the reasons why decentralized marketplaces aren’t taking off?
How is a decentralized marketplace possible? I mean I know it’s possible if the product your are buying is in the hands of just another person but I don’t think we can buy directly from a factory or wherever a product is being sold. Some products are manufactured and aren’t really interested in the merchandise aspect making it necessary for third parties to come and handle that side of business.