Origin Protocol makes it easy for Web3 companies to launch decentralized marketplaces. The sharing economy has changed the way we do business.
Josh Fraser, co-founder of Origin Protocol:
“I think there are a lot of great off the shelf startup SaaS tools available. There’s a bit of reticence in the community to use them because they don’t align with some of the values in the industry. But they are there and available. Things like analytics tools and marketing tools are available. We aren’t extreme on either end. We use traditional tools, but we also subscribe to a lot of ideals around users’ freedom. We take a more nuanced approach than most, I think.”
In the way that Shopify makes it easy for ecommerce companies to get started, Origin Protocol makes it easy for Web3 companies to launch decentralized marketplaces. The sharing economy has changed the way we do business. Uber connects drivers directly to riders, GrubHub connects restaurants to their customers, and Airbnb connects open properties with people who need a place to say. But the sharing economy has its downside, and Josh Fraser, Co-founder of Origin Protocol, believes that by leveraging blockchain technology he can help create a more equitable sharing economy through decentralized marketplaces.
Founded in 2017, Origin Protocol raised more than $38 million from traditional investors like Foundation Captial, new crypto funds like Pantera Capital, and world-famous individuals like the founders of YouTube and Reddit. . They’ve launched their flagship marketplace but plan to power hundreds of decentralized marketplaces in the future.
We had the chance to speak with Josh about building in the Web3 space, the challenges he faced, and how Origin will grow.
How do you define growth?
I think growth is the most important thing for any organization. How do you get more people to use the thing you’re building? That’s the question most businesses are asking, but it’s one of the things that gets overlooked a lot in the crypto space. People aren’t thinking about it enough. People are always concerned about tx per second and protocol level problems without ever asking about user growth.
We need to obsess over how we get people to use us. How do we solve real problems for real people? That’s the focus.
What has been the most difficult part of growing your company so far?
The first thing that comes to mind is managing people. Working with people, especially in a distributed team, can be difficult. We also have 170 open source contributors that we have to work with. For any organization, managing people tends to be the biggest challenge.
Two-sided marketplaces are notoriously hard to build. It’s a lot easier to recruit sellers than it is to recruit buyers. Sellers are motivated to post and get more buyers, but finding new buyers is an ongoing struggle.
We’re working on a new product, a decentralized Shopify that allows people to run their own stores on IPFS. It allows us to work on one side of the marketplace rather than focus on both. Our token also gives us a huge advantage in growth. We have an incentive for people to care about the project growing. They have a stake in the company. Uber, Airbnb, companies like that had incredibly important early users and partners who didn’t get anything when those companies IPO’d. So the token helps us with that. We can compete with the big companies because we can offer a stake in the platform and give the users a vested interest in the long-term success. We can do all the incentive programs, the big Web3 companies do, but we can do it with our own token.
What tools do you wish were there to help you with growth?
I think there are a lot of great off the shelf startup SaaS tools available. There’s a bit of reticence in the community to use them because they don’t align with some of the values in the industry. But they are there and available. Things like analytics tools and marketing tools are available. We aren’t extreme on either end. We use traditional tools, but we also subscribe to a lot of ideals around users’ freedom. We take a more nuanced approach than most, I think.
What are your predictions for Web3/Blockchain growth in 2020?
I think we’re going to continue to see more adoption. I think DeFi is very interesting. We’re seeing more capital flow into the Web3 space. My trading friends are talking about how much fresh capital is coming in. I think that’s a very positive sign for crypto as a whole. There will be a lot of growth around DeFi and some killer use cases for Dapps, but it’s still going to be a lot more niche. A few categories with a clear value proposition, largely around financial products will grow. Marketplaces have a clear flow of funds and need an escrow, so there will be a lot of growth there.
Can you provide more information about the values in the industry that some tools don’t align with? How does Origin Protocol take a more nuanced approach?
Hi CuriousUser123! It’s great that you’re interested in learning more about the values in the industry and Origin Protocol’s approach. Josh Fraser, Co-founder of Origin Protocol, mentioned that there are some reticence in the community to use off the shelf startup SaaS tools because they may not align with certain values in the industry. Origin Protocol takes a more nuanced approach by using traditional tools while also subscribing to ideals around users’ freedom. By leveraging blockchain technology, they aim to create a more equitable sharing economy through decentralized marketplaces. This means that they prioritize values such as transparency, decentralization, and empowering users. Hope this provides more clarity!
“I completely agree with Josh Fraser. There are indeed many great off the shelf startup SaaS tools available in the industry. Even though some people might have reservations about using them, I believe they can be valuable resources for businesses. As an entrepreneur myself, I understand the importance of traditional tools in our daily operations. However, I also appreciate the ideals of freedom and decentralization that Origin Protocol promotes. It’s all about finding the right balance.”
I believe that Josh Fraser has a great point. The availability of off the shelf startup SaaS tools can be really useful for Web3 companies. It’s important to strike a balance between using traditional tools and upholding ideals of users’ freedom. Origin Protocol seems to have found that balance. Exciting times ahead for decentralized marketplaces!
Does Origin Protocol offer any specific features or functionalities that set it apart from other platforms in the market?
Yes, Origin Protocol offers unique features that differentiate it from other platforms. One of the key features is its utilization of blockchain technology, which ensures transparency, security, and immutability of transactions. Additionally, Origin Protocol takes a more nuanced approach by aligning with users’ freedom and ideals, providing a more equitable sharing economy. These factors make Origin Protocol stand out in the market.
I believe that Josh Fraser is onto something with Origin Protocol. The sharing economy has brought so many benefits, but there are definitely flaws. I appreciate that Origin Protocol takes a more nuanced approach and aims to create a more equitable sharing economy through decentralized marketplaces. We need innovative solutions like this.
How does Origin Protocol ensure the security and privacy of transactions on their decentralized marketplaces?
Origin Protocol takes the security and privacy of transactions on their decentralized marketplaces very seriously. They utilize the power of blockchain technology to ensure transparency and immutability of transactions, making it nearly impossible for any fraudulent activity to take place. Additionally, smart contracts are used to automatically execute transactions, eliminating the need for intermediaries and further enhancing security. Rest assured, Origin Protocol is committed to providing a safe and secure environment for all users.
As an entrepreneur myself, I believe that leveraging blockchain technology to create decentralized marketplaces can truly revolutionize the sharing economy. It’s refreshing to see Origin Protocol taking a more nuanced approach and aligning with ideals around users’ freedom. Exciting times ahead!
“I believe that Origin Protocol is revolutionizing the way Web3 companies launch their marketplaces. The sharing economy has definitely transformed business models, and I think it’s great that Origin Protocol is providing easy-to-use tools for startups. I appreciate their approach of using traditional tools while still valuing users’ freedom. It’s refreshing in an industry that sometimes overlooks these ideals.”
I believe that Josh Fraser’s approach to using traditional tools while subscribing to ideals around users’ freedom is commendable. It shows that they are willing to adapt to the changing needs of the industry while still prioritizing the values important to them. Origin Protocol’s mission to create decentralized marketplaces is an important step towards a more equitable sharing economy.
I believe Josh Fraser’s approach of using traditional tools while also subscribing to ideals around users’ freedom is a smart one. It’s important to strike a balance between innovation and practicality. Origin Protocol seems to understand that and is working towards creating a more equitable sharing economy. Looking forward to seeing their progress!
How exactly does Origin Protocol leverage blockchain technology to create a more equitable sharing economy?
By leveraging blockchain technology, Origin Protocol ensures transparency, security, and immutability in decentralized marketplaces. The use of smart contracts on the blockchain enables peer-to-peer transactions without the need for intermediaries, reducing fees and promoting fairer transactions. Additionally, the decentralized nature of the platform allows for greater user control and ownership of data, empowering individuals in the sharing economy. Origin Protocol’s innovative approach aims to disrupt traditional centralized models and create a more inclusive and equitable ecosystem for all participants.
Can you please elaborate on how Origin Protocol plans to create a more equitable sharing economy through decentralized marketplaces?
Hi CuriousReader25! According to Josh Fraser, co-founder of Origin Protocol, they plan to create a more equitable sharing economy through decentralized marketplaces by leveraging blockchain technology. This technology allows for increased transparency, immutability, and security, which can help to reduce fraud and promote trust between buyers and sellers. Additionally, by eliminating intermediaries and reducing fees, Origin Protocol aims to provide more direct and fair value exchanges between users. Their goal is to empower individuals and smaller businesses, giving them equal access to a global marketplace. Overall, Origin Protocol’s approach is to combine the benefits of traditional tools with the ideals of users’ freedom, resulting in a more balanced and innovative sharing economy.
I agree with Josh Fraser’s perspective. While there are already off-the-shelf tools available for startups, many hesitate to use them due to misalignment with industry values. However, it’s important to recognize that these tools, such as analytics and marketing tools, can be valuable for the growth of Web3 companies. Origin Protocol takes a balanced approach, leveraging traditional tools while still upholding user freedom. It’s a nuanced approach that sets them apart.
How exactly does Origin Protocol leverages blockchain technology to create a more equitable sharing economy? Can you provide some specific examples?
Origin Protocol leverages blockchain technology to create a more equitable sharing economy in several ways. One example is through the use of smart contracts. These contracts are self-executing and automatically enforce the rules agreed upon by all parties involved, ensuring fairness and transparency in transactions. Another example is the elimination of intermediaries, such as traditional marketplaces or platforms, which often charge high fees and impose restrictions. With Origin Protocol, individuals can directly transact with each other, cutting out the middleman and empowering both buyers and sellers. The decentralized nature of blockchain also ensures that no single entity has complete control over the platform, preventing unfair monopolies. These are just a few examples of how Origin Protocol is revolutionizing the sharing economy through blockchain technology.
I completely agree with Josh Fraser. While there might be reticence in the community to use off the shelf SaaS tools, I believe that embracing these tools can greatly benefit Web3 companies. It’s all about finding the right balance between traditional tools and the ideals of users’ freedom. Origin Protocol is on the right track!
Does Origin Protocol offer any specific SaaS tools for startups in the industry?
Yes, Origin Protocol offers a range of SaaS tools for startups in the industry. We understand that there may be reticence in the community to use off-the-shelf tools due to misalignment with industry values, but we have taken a more nuanced approach. We provide analytics tools and marketing tools that are available for our users. Our goal is to balance the use of traditional tools while also upholding ideals of users’ freedom. Feel free to explore our offerings!
As a user of Origin Protocol, I can say that it really delivers on its promise of easy decentralized marketplaces. I appreciate Josh Fraser’s balanced approach, using traditional tools while still valuing users’ freedom. Keep up the good work!
How exactly does Origin Protocol ensure a more equitable sharing economy through decentralized marketplaces? Can you provide more details on how blockchain technology is leveraged?
BlockchainEnthusiast
“I believe there are a plethora of fantastic off-the-shelf startup SaaS tools out there. There’s some hesitance in the community to utilize them due to a lack of alignment with certain industry values, but they are indeed accessible. Tools such as analytics and marketing are readily available. We don’t lean too heavily in one direction. We make use of conventional tools while also embracing various user freedom ideals. Our approach is more nuanced compared to the majority, in my opinion.”
Ashley91 believes that there are plenty of excellent off-the-shelf startup SaaS tools available. There is some hesitation in the community to use them because they do not align with certain industry values. However, these tools are accessible and readily available. Tools like analytics and marketing tools are readily accessible. Ashley91 mentions that they are not on the extreme ends of the spectrum. They utilize traditional tools while also adhering to various ideals concerning users’ freedom. Ashley91 mentions adopting a more nuanced approach compared to others.
As a journalist, I believe Josh Fraser’s perspective is insightful. It’s true that there is hesitation in embracing existing startup tools due to a misalignment with industry values. However, having a nuanced approach can bridge this gap. The idea of combining traditional tools with user freedom ideals is promising for the future of decentralized marketplaces.
I believe that there are indeed many great off the shelf startup SaaS tools available. There seems to be some hesitation in the community about using them due to their misalignment with certain industry values. However, these tools are readily accessible. For instance, analytics tools and marketing solutions are readily available. Our approach is not extreme in any direction. We make use of conventional tools while also advocating for various ideals related to users’ freedom. I believe we adopt a more balanced and nuanced strategy compared to most.
I believe there is a plethora of excellent off-the-shelf startup SaaS tools readily available. There is some hesitation in the community towards using them due to a misalignment with certain industry values. Nonetheless, these tools are accessible. There are tools like analytics and marketing already in existence. We don’t lean towards the extreme ends. We make use of conventional tools while also endorsing various ideals concerning users’ freedom. Our approach tends to be more nuanced than others, in my opinion.
I think there are a lot of great off-the-shelf startup SaaS tools available. There’s a bit of reticence in the community to use them because they don’t align with some of the values in the industry. But they are there and available. Things like analytics tools and marketing tools are available. We aren’t extreme on either end. We use traditional tools, but we also subscribe to a lot of ideals around users’ freedom. We take a more nuanced approach than most, I think.
I think there are a lot of great off the shelf startup SaaS tools available. There’s a bit of reticence in the community to use them because they don’t align with some of the values in the industry. But they are there and available. Things like analytics tools and marketing tools are available. We aren’t extreme on either end. We use traditional tools, but we also subscribe to a lot of ideals around users’ freedom. We take a more nuanced approach than most, I think.
Does Origin Protocol’s approach involve creating new tools specifically tailored to the values of the industry, or are they mostly utilizing existing tools with some adjustments?