plunda.co is a bitcoin powered collectibles exchange. buy, sell & swap collectibles digitally, take physical custody when you're ready
idea
i've been playing with the idea of building a peer-2-peer digital marketplace for a while now, my fascination with these type of digital economies comes from playing games as a kid, specifically RuneScape - a mmorpg with a large in-game economy.
how it works
all the collectibles are stored at plunda HQ securely, plunda photographs and then lists the collectibles on the app which makes them available for user to buy. once bought, they'll live in the user's "bank". the user can then exchange the collectible with other users, or take physical custody.
down the line, users will be able to deposit their own collectibles into their digital bank by shipping them to plunda HQ for processing. for now however, all the collectibles are supplied to plunda by trusted coin dealers.
rationale
the idea behind plunda.co is to bring a much higher level of liquidity into the collector marketplace. if you're a coin collector in meat-space you'll often times pay near 50% transaction fee on a purchase or sale, especially on lower value items. for example, if you buy a $5 coin on ebay, you'd be lucky to get $2.50 back when you sell it - after all the fees and expenses.
collectibles are stuck in meat-space, they're boxed in and weighed down by the fact that they are physical. they're getting left behind in the internet era. with plunda, collectibles could flow like water at the speed of light. easy to trade, swap, buy and sell. globally, digitally, instantly with tiny fees.
as well as improving liquidity and lowering transaction cost and friction, plunda also aims to offer many other benefits such as: authenticity guarantee, insurance, social features and insights into your collection.
we also see an aging collector landscape, it's my hope that plunda can inspire a younger generation and introduce them to collecting. millennials and the younger generations are tech-savy and excited by gamified products, especially when they can earn some cash. i'm excited to see what i can build!
early access
for plunda's initial release it will inherently have a niche audience. i'm looking for those select few bitcoiners who also happen to be coin collectors.
if you are such a rare breed, please get in touch, you're my perfect early adopter! i'd love to hear your thoughts, and get you signed up (you'll need an access code to get your account approved)
you can find my email on the plunda.co homepage or simply post here on SN.
down the line once the product has been honed, built out, battle tested and there's a robust legal framework in place - i'm keen to expand the app into the fiat world as well as other collectible asset types and bring the product to as many people as possible.
top builder
we'll be competing in this year's Top Builder by PlebLab! excited to see what happens.
Roadmap
there's a ton of features i'd like to build - but first - i need to find my early adopters and through them attempt to answer some fundamental question:
- is there potential to create a virtual economy around custodial collectibles?
- do people even want something like this?
- do people enjoy using it?
- do i need to branch out away from coins and into more relevant collectibles, e.g. Pokemon cards or NFTs?
once the fundamentals have been established, i've got a long list of features to build - most likely the list will change on-the-fly as I learn more about how people use the app, but here it is as things stands:
- social features, like private chat, online status,
- more marketplace features
- security - trading password, 2fa
- additional PWA features
- improve notifications - add email notifications & granular push notifications
- admin features for moderating, management, editing etc
- design and UX improvements
- enabling lightning withdrawals
- building currency sell, deposit and withdrawal features
- fiat integration
- build a system that allows users to deposit their own collectibles by sending them to plunda HQ
- improve on UI and admin features to prevent scammers using the app
- advanced sort, search and filtering
- support and marketing pages
feedback
reply here on SN with any feedback, ideas, or questions.