On September 25, OpenBazaar introduced that their platform would most probably close down because of monetary difficulties, mentioning that consumer expansion and adoption had stalled.
In line with a tweet published on Open Bazaar’s respectable Twitter account, a mysterious donor has since agreed to hide the price of ’s operations in the course of the finish of the yr.
Whilst the precise quantity of investment supplied used to be now not disclosed, OpenBazaar’s donation wallets have won over $13,000 as of e-newsletter. Those budget 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 not up to a yr with the assistance of Andreesen Horowitz, Union Sq. Ventures, and angel investor William Mougayar.