Earlier this week on 25th Sept., decentralized marketplace OpenBazaar revealed that their platform would likely be shut-down due to some financial difficulties, adding that user growth & adoption had stalled for now.
In line with an official tweet published on OpenBazaar, an anonymous donor has since agreed to fund the operating costs of the marketplace’s operations throughout the end of this year.
While the precise amount of funding offered wasn’t disclosed, OpenBazaar’s donation wallets have received over $13k as at the time of reporting. These funds came in the forms of Bitcoin [BTC], Ethereum [ETH], Litecoin [LTC], along with some other cryptocurrency donations.
With its primary beta released earlier in 2014, OpenBazaar raised US $1 Mln in seed funding in less than a year with the assistance of Andreesen Horowitz, Union Square Ventures, as well as angel investor William Mougayar.