On 25 September, OpenBazaar announced that its platform would probably have to be closed due to financial difficulties. She explained that growth and user acceptance had come to a standstill.
According to a tweet on Open Bazaars official Twitter account, an anonymous donor has now agreed to cover the costs of running the marketplace until the end of the year.
The exact amount donated is not known. However, the OpenBazaar donation wallets received more than 13,000 US dollars by the editorial deadline. The money was transferred in the form of Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC) and other crypto currencies.
The first beta version was launched in 2014. With the help of investments by Andreesen Horowitz, Union Square Ventures and Engel investor William Mougayar, OpenBazaar was able to raise a start-up capital of 1 million US dollars in less than a year.