CoinBurp Partnership Spotlight: Boson Protocol
CoinBurp is a leading crypto trading platform in the UK, offering an easy way to buy and store the most popular crypto assets in the world. The worlds of Centralised Finance (CeFi) and Decentralised Finance (DeFi) are being brought together with the launch of MealDrops, the generative NFT series by CoinBurp. MealDrops is the first series comprising 500 variable-rarity NFTs that celebrate food, various landmarks and notable global locations.
NFTs have been the centre-point of attention within the DeFi sector and accessibility and user interfaces are improving. Whereas, previously access to NFTs was clunky and difficult for non-crypto experts. Nowadays, everyone is immersed in learning how to connect to WEB3 dApps and get stuck into the world of NFTs, digital art and collectables. And with these digital masterpieces comes a whole trading ecosystem, collectors marketplaces, auction galleries in the gaming land metaverse, and even exclusive invite only art auction foundations. This leads us to a whole new array of digital decentralised commerce, whereby NFTs are securely stored and verifiable, and where trade is securely facilitated.
Boson Protocol enables dCommerce, a decentralised commerce ecosystem where all participants share in the value that they create. Boson automates digital to physical redemptions with minimized arbitration, using NFTs encoded with game theory. Boson calls this “Decentralised Autonomous Commerce” through funding and accelerating the development of a stack of specialised applications to disrupt, demonopolise and democratise commerce. They are heavily driven towards empowering builders and partners to reinvent commercial exchange as we know it.
Bridging Commerce into the Metaverse
Boson aligns with CoinBurp’s vision of bringing DeFi to the masses and their innovative dCommerce model brings a whole new level of utility to NFTs. Their system eliminates the need for intermediaries, replacing them with minimally extractive fees and minimized arbitration, making exchange more cost efficient and frictionless.
Boson Protocol’s commerce model consists of a commitment to transact between buyer and seller being tokenized as a futures contract for a “Thing”, which is represented by commitment tokens. Then each type of NFT commitment token can be purchased with a specific “Thing token”. Thing tokens plug into DeFi infrastructure, enabling liquid digital markets for any “Thing”.
Boson’s powerful ecosystem utilises many aspects of DeFi such as Governance, Curation Markets, Supply & Demand Mining, and an Ecosystem Fund through a community-governed dCommerce DAO.
NFTs Representing Decentralized Transactional Exchange
In our efforts to disrupt the DeFi industry with MealDrops, our own series of generative NFTs, Boson displays an innovative product that evolves the future of NFT utility. We are ecstatic to be partnering with such a progressive outlet. Innovation, disruption and frictionless infrastructure to transact almost anything is a great future opportunity and CoinBurp will look forward to more developments in the partnership with Boson, especially surrounding NFTs, wallets and security.
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CoinBurp is the cryptocurrency platform partner for the $BURP ecosystem and suite of DeFi tools. The tokens are not issued or controlled by CoinBurp.
Cryptocurrencies and crypto tokens are generally not regulated and investors do not have access to recourse or compensation schemes such as, for example, in the UK, the Financial Ombudsman Service or the Financial Services Compensation Scheme. Investing in cryptocurrencies and purchasing crypto tokens can be high risk and investors should carefully evaluate their appetite for risk and their understanding of trading cryptocurrencies prior to entering into a transaction.