OpenBazaar
Founded Year
2014Stage
Series A | AliveTotal Raised
$9.21MLast Raised
$5M | 5 yrs agoAbout OpenBazaar
OpenBazaar offers a marketplace enabling trade online. It delivers an open-source project developing a protocol for e-commerce transactions in a fully decentralized marketplace. It used cryptocurrencies as a medium of exchange and was inspired by a hackathon project called DarkMarket. The company was founded in 2014 and is based in Fairfax, Virginia.
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Expert Collections containing OpenBazaar
Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.
OpenBazaar is included in 1 Expert Collection, including Blockchain.
Blockchain
8,841 items
Companies in this collection build, apply, and analyze blockchain and cryptocurrency technologies for business or consumer use cases. Various industries include financial services, trade finance, supply chain, enterprise tech, consumer and retail, and healthcare.
Latest OpenBazaar News
Apr 14, 2023
After shutting down in 2020 due to financial issues and poor user growth, the decentralized marketplace appears set to rise again. 52 Total views Join us on social networks The decentralized marketplace OpenBazaar appears set for a comeback after it was shut down over two years ago, according to a number of social media and GitHub updates. A GitHub repository on the collaborative software development site shows progress as recent as April 12 on building a new version of the marketplace which was shut down in 2020. Brian Hoffman, the former project lead at OpenBazaar and CEO of OB1 — the for-profit company which developed its software — tweeted on April 9 of the progress made on a “new” version of the marketplace saying it is “getting more interesting by the day.” Hitting 1,000 lines of code on the new @openbazaar repo. This is getting more interesting by the day.
OpenBazaar Frequently Asked Questions (FAQ)
When was OpenBazaar founded?
OpenBazaar was founded in 2014.
Where is OpenBazaar's headquarters?
OpenBazaar's headquarters is located at 5003 Ethels Pond Court, Fairfax.
What is OpenBazaar's latest funding round?
OpenBazaar's latest funding round is Series A.
How much did OpenBazaar raise?
OpenBazaar raised a total of $9.21M.
Who are the investors of OpenBazaar?
Investors of OpenBazaar include Union Square Ventures, Andreessen Horowitz, BlueYard Capital, OMERS Ventures, BITMAIN and 4 more.
Who are OpenBazaar's competitors?
Competitors of OpenBazaar include Blur and 5 more.
Compare OpenBazaar to Competitors
Tether enables businesses – including exchanges, wallets, payment processors, financial services and ATMs – to easily use fiat-backed tokens on blockchains. By leveraging Blockchain technology, Tether allows users to store, send and receive digital tokens person-to-person, globally, instantly, and securely.
MFG.com, founded in 2000, is the largest online marketplace serving the global manufacturing community. Billions of dollars worth of discrete manufacturing services and industrial components have been sourced online via MFG.com.
OfferUp develops an online selling platform. It provides an online and mobile customer-to-customer (C2C) marketplace application for people to buy and sell electronics, furniture, cars, and more. The company was formerly known as iDeal Technologies. It was founded in 2011 and is based in Bellevue, Washington.
Invaluable is an online live auction marketplace and auction management software featuring a live online bidding platform. It allows collectors and dealers to bid in real-time in premiere auctions and provides auctioneers with marketing and e-commerce solutions. It was founded in 1989 and is based in Boston, Massachusetts.
Timerun is an online auction site. Timerun uses Tickets to maintain internal monetary unity so one ticket is equivalent to 30 roubles and users receive three Tickets automatically upon registration. The purchase of Tickets is available through a private page. Users can see a photo of the lot with the starting price, but the price, which is constantly changing, is in that moment hidden from them. If the user presses the button "See the price" then not only do they lose 1 Ticket, but the price of the lot continues to decline. The more buyers involved, then the lower the price of the lot. When a user presses the "See the price" button, then they have no more than 15 seconds to decide whether to make a purchase.
HIHEY.COM, an online art market, is a comprehensive one-stop-shop for the promotion and sale of works of art. Every category of art object is available and a full range of transaction services is offered. The realization of the initial goal of transforming the art world by moving it into an Internet ecosystem and having the sale of artworks be handled online has brought about transparency in pricing and fairness in transactions. HIHEY, by enabling artists to display their wares through online channels, has provided career opportunities and support for tens of thousands of artists and allowed them be able to not only survive but to also thrive in their artistic endeavors. Meanwhile, HIHEY's safe and convenient online art transaction platform helps newly wealthy Chinese discover leading new-generation artists.
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