On March 13, the company OB1, the Creator of the Openbazaar platform, reported receiving investment to $ 5 million in round of the series And the development of the site. In accordance with the application startup, the main investors Omers Ventures and Bitmain Technologies.
Openbazaar is an open source software that facilitates transactions in crypto-currencies for online stores. OB1 launched the Openbazaar platform in April 2016. Since then, the Protocol was added new functions, such as wallet, support SegWit, integration of Tor and the ability to purchase using BTC and ZEC. Over the past few years the project was invested more than $ 4 million in venture capital. In the last round OB1 has attracted funding from previous investors such as Andreessen Horowitz, Union Square Ventures and Digital Currency Group, and new players — Omers Ventures and Bitmain Technologies.
President OB1 Brian Hoffman (Brian Hoffman) says the team is happy to cooperate with Omers and Bitmain and hopes that the two large firms will help to bring «the future of free trade in the Internet around the world.» Hoffman said
«We want the Protocol and software allow Openbazaar to business owners and consumers to move away from legacy systems of corporate governance and implement free, fair and independent electronic Commerce».
The company says it plans to continue expanding Openbazaar to enable users to buy and sell goods in a decentralized way. This year the team OB1 plans to release a mobile version of Openbazaar and offer new ways of P2P-trading.