News

On September 25, OpenBazaar announced that their platform would likely shut down due to financial difficulties, stating that user growth and adoption had stalled.

According to a tweet published on Open Bazaar’s official Twitter account, a mysterious donor has since agreed to cover the cost of the marketplace’s operations through the end of the year.

While the exact amount of funding provided was not disclosed, OpenBazaar’s donation wallets have received over $13,000 as of publication. These funds came in the form of Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), and other crypto donations.

With its first beta released in 2014, OpenBazaar raised US$1 million in seed funding in less than a year with the help of Andreesen Horowitz, Union Square Ventures, and angel investor William Mougayar.

Products You May Like

Articles You May Like

New Peer to Peer Exchange Provides Africans with an Alternative to Paxful
Ethereum Surges 10% Higher As DeFi Rally Continues, ETH2 Inches Closer
Exploits and Flash Loans Are Just the Beginning, Defi Economy Is Less Private Than People Think
4 metrics suggest Bitcoin price will correct — But can BTC hit $20K first?
Solar System Allegedly Formed In 200K Years As UK Aims To Harvest Solar Power In Space
Bitcoin shortage is real, and PayPal is the cause, Pantera Capital claims

Leave a Reply

Your email address will not be published. Required fields are marked *