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22 October 2020

Crypto-Fueled Market Openbazaar to Close Shop Unless OB1 Raises Community Funding | Bitcoin News

Crypto-Fueled Market Openbazaar to Close Shop Unless OB1 Raises Community Funding | Bitcoin News


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On September 25, the creators of the decentralized marketplace, Openbazaar, announced that unless the project can gather community funding, the supporting services like seed nodes and the API wallet will shut down.

The open-source decentralized marketplace project Openbazaar started from an idea first conceived at the Bitcoin Hackathon in Toronto in April 2014.

On Friday, the development team and OB1’s CEO Brian Hoffman announced the project might be closing up shop soon, unless OB1 can raise funds.

The farewell announcement highlights that during the next week or so, the team will be publishing explainers on how to release funds from Openbazaar nodes.

Many were sad to see the project throw in the towel and said that the team put in a good effort.

The project has received donations from a number of crypto communities and on Saturday afternoon, the team’s official Twitter account cryptically said: “Good news [is] coming.”.

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