COMEARTH Vs Web2.0 E-Commerce
COMEARTH shall bring a new era of E-Commerce, one that will have the potential to last forever because of the technological and ideological flexibility the paradigm of Metaverse and blockchains will provide.
COMEARTH is far superior for both sellers and buyers compared to traditional Web2 Commerce platforms like Amazon.com. The detailing of its rationale can be found below:
True Ownership - Digital & phygital assets can be traded just like physical ones; - User retention of copyright in perpetuity; - Members enjoy creative control over their world and experiences
Limited Ownership - No scope for digital assets; - Copyright limited and items can be modified by third parties; - Platforms control the entire end-user experience
Secure - Less fraud possibility thanks to blockchain’s record-keeping technology.
Insecure - Server-based transactions; and - High possibility of fraud (13% average).
Fair Revenue Share - Brands & Creators will receive 95% of the sale price of their assets - Multiple creators can automatically share payments and revenue, thus making collaboration easier and more rewarding for each
Limited Revenue Share - Huge commissions are often levied by these platforms - Ownership is limited to one entity.
Decentralized Trading - Blockchain allows assets to be shared between users for collaboration; - Peer-to-peer trading
Centralized Trading - Centralized system limits collaboration;
- All trades are controlled by 3rd parties.
Transparent Algorithms - Openly available codebase to ensure that no entity is favored by opaque algorithms
Opaque Algorithms - These companies have been found to manipulate algorithms in various countries to promote their in-house brands at the cost of genuine small brands and creators
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