On September 25, OpenBazaar introduced that their platform would most likely close down because of monetary difficulties, pointing out that person expansion and adoption had stalled.
Consistent with a tweet revealed on Open Bazaar’s reputable Twitter account, a mysterious donor has since agreed to hide the price of the marketplace’s operations throughout the finish of the yr.
Whilst the precise quantity of investment equipped used to be now not disclosed, OpenBazaar’s donation wallets have won over $13,000 as of e-newsletter. Those finances got here within the type of Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), and different crypto donations.
With its first beta launched in 2014, OpenBazaar raised US$1 million in seed investment in lower than a yr with the assistance of Andreesen Horowitz, Union Sq. Ventures, and angel investor William Mougayar.