On September 25, OpenBazaar announced that their platform will likely close due to financial difficulties, citing a halt in user growth and adoption.

According to a tweet posted on the official Open Bazaar Twitter account, the mysterious donor has since agreed to cover the costs of market operations until the end of the year.

Although the exact amount of funding was not disclosed, OpenBazaar donation wallets received more than $ 13,000 per publication. This money came in the form of Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC) and other cryptocurrencies.

After releasing its first beta in 2014, OpenBazaar raised $ 1 million in seed funding in less than a year through Andreesen Horowitz, Union Square Ventures and angel investor William Mogayar.

Source: CoinTelegraph

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