October 31, 2020

Altcoin NewsZ

Daily Cryptocurrency Update

Anonymous donor saves OpenBazaar… for now

On September 25, OpenBazaar introduced that their platform would possible shut down resulting from monetary difficulties, stating that consumer development and adoption had stalled.

In accordance with a tweet published on Open Bazaar’s official Twitter account, a mysterious donor has since agreed to cowl the price of {the marketplace}’s operations by means of the tip of the yr.

Whereas the precise quantity of funding supplied was not disclosed, OpenBazaar’s donation wallets have acquired over $13,000 as of publication. These funds 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 funding in less than a year with the assistance of Andreesen Horowitz, Union Sq. Ventures, and angel investor William Mougayar.