- Treasury/
- Proposals/
- #307/
PROPOSAL 2.0 - TIME EXTENSION AND FURTHER FUNDING
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- AI Summary
SUMMARY
DeStore aims to revolutionise the e-commerce industry by enabling businesses to tokenize real-world assets and create multi-resource Digital Twins that have utility in both In Real Life (IRL), Virtual Reality (VR), and Augmented Reality, (AR) environments. Our core objective is to bridge the gap between traditional e-commerce and the new age of blockchain-based Digital Twins, unlocking new possibilities for growth and expansion.
We are not just an e-commerce platform; we are a dedicated phygital asset marketplace that is paving the way for the future of e-commerce, where the boundaries between the physical and digital worlds are erased, and anything is possible. Our business maintains the core principles of decentralization, security, and transparency; With a vision of enabling brands to be self-sovereign and trade outside the traditional banking sector.
In preparation for the Kusama Hoodie Trial, which was approved in our first proposal to the Kusama Council and Treasury (Motion 562), we have been gaining valuable insights and have prepared ourselves to move forward with dropshipping trials. This trial helped us collect data on how to build out a scalable solution for the Polkadot ecosystem, it has given us the ability to establish numerous partnerships, and has allowed us to implement significant changes to our platform in order to enhance its performance and functionality. However, we faced multiple challenges during the trial and ran out of time and funds, as our initial proposal was for a period of 3 to 6 months.
Thus, we are proposing some changes to our previous proposal, and presenting a new proposal to achieve our vision. With this new proposal, we are pursuing an additional 6 months and funding of $ 150,396 USD from the Kusama treasury. This budget will enable us to continue developing and refining the platform, to research logic around physical products with a Digital Twin and conduct further community trials with products or merchandise supplied or donated by the brands.
With this proposal accepted, we plan to achieve:
- Deployment on 4 Substrate based chains.
- Logistical, technical, and marketing support for 4 chains.
- Support up to 15 SMEs/DAOs, to the ability to sell and distribute phygital products on the Parachains that they choose.
- Release the XR Kusama hoodie wearable instead of the initial regular hoodie.
Create DeStore Network API for Wallets, Centralised and Decentralised exchanges to connect to, and sell products on each connected chain.
This new proposal represents a significant step towards creating a decentralised app store and payment system that will revolutionise the way we interact with physical products.
Read the full Proposal 2.0: Link
Link to Discussion 2.0: Link
Link to original Proposal 1.0: Link
Link to original Discussion 1.0: Link
DeStore Summary
- DeStore is an e-commerce platform that connects physical and digital worlds using blockchain.
- It allows businesses to create digital versions of real-world products for use in VR, AR, and real life.
- The platform aims to make brands self-sovereign and independent of traditional banking.
- DeStore conducted a trial with Kusama, but faced challenges and ran out of funds.
- They are now proposing a new 6-month plan with $150,396 in funding.
- Goals include deploying on 4 blockchain chains, supporting 15 small businesses, and creating a new digital hoodie.
- This proposal aims to create a decentralized app store and payment system.
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