GM.co today announced the launch of a new crypto-exclusive e-commerce marketplace catering to B2C customers.
Launched by Phantom Network co-founders Julian Chow, Daniel Whyte, Lori Liu and Ferhat Dogru, GM.co offers an opportunity for the Web3 community to buy and sell real-world items using cryptocurrency.
Its mission is to make buying real-life goods using crypto as simple as it is to go to Amazon using traditional currency.
GM.co’s Beta platform, launched in March, has already added over 1,000 items, including apparel, shoes, luxury items, and collectibles, besides extraordinary offerings like Mech pilot training, a luxurious omakase yacht experience, and the Guinness World Record-holding ‘PROTHESIS’ tetrapod exoskeleton.
The marketplace has also collaborated with The Open Network (TON), a decentralised and open internet created by the Web3 community using a technology designed by Telegram.
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“Our mission is to be the go-to marketplace for forward-thinking shoppers and sellers alike while providing the most secure e-commerce platform run on the blockchain,” said Chow.
Users can connect their crypto wallets like MetaMask, Coinbase Wallet, or WalletConnect to make purchases on GM.co. They can choose to pay with USDC or Ether (ETH) to participating merchants while the firm plans to onboard other cryptocurrencies in the long term. For ease of browsing, shoppers can apply the ‘Shipping’ filter for a list of products and services that are available in their region.
All transactions on GM.co are verified. GM.co also offers an Escrow service for users who prefer added assurance while shopping on the platform.
GM.co has onboarded several notable brands, including OSIM, OHTNYC, and BLVCK Paris.
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