As far as I'm aware, OpenBazaar is the only decentralized marketplace that's widely accepted in the mainstream world. Unfortunately, the software is a separate solution often relying on P2P technology to work as intended. It's not living on a Blockchain network, neither it's coded using smart contracts. I've been doing some "digging" on the web, but I've been unable to find a decentralized marketplace that's built using smart contracts. That's odd considering that these days it's all about "De-Fi" and NFTs. Ethereum is the most popular smart contract platform in the world, followed by Binance Chain, and TRON. What's stopping developers from creating a decentralized marketplace coded on one of the aforementioned smart contract platforms using IPFS for data storage? We need more decentralized alternatives to OpenBazaar in order to rival traditional marketplaces like eBay, Amazon, and Etsy.
Do you think it's practical to build a decentralized marketplace using smart contracts? If not, why? Is there already a solution that I'm not aware of? Your input will be greatly appreciated. Thank you very much.