[2015-06-11] CD: OpenBazaar Raises $1 Million from Silicon Valley Giants

okae

legendary

Activity: 1399

Merit: 1004

northern exposure

mmm this is a very good news, i hope they made good things with all that money, atm openbazar looks promising, lets hope things goes better now Wink

Quote from: bryant.coleman on June 12, 2015, 01:48:38 AM

I have been hearing about this OpenBazaar for more than 2 years now. Are they ever going to put up their marketplace online (the website is online, but I can't see any market place there)? I just hope that the developers don't go AWOL, after taking away the money from all the donors. Do we know the real identity of the people, who are working on this project?

thats thw wrost part, too many time to release it, beleive me i fell the same as you, as i sayd lets hope that things got better&faster now, we need it Tongue

MUFC

hero member

Activity: 500

Merit: 500

Quote from: pedrog on June 11, 2015, 10:33:31 AM

How does OpenBazaar makes money?

Are they going to act as an escrow and charge a fee?

This exactly what I was thinking, but if they are doing the escrow that would seem pretty centralized to me.

Quote from: bryant.coleman on June 12, 2015, 01:48:38 AM

I have been hearing about this OpenBazaar for more than 2 years now. Are they ever going to put up their marketplace online (the website is online, but I can't see any market place there)? I just hope that the developers don't go AWOL, after taking away the money from all the donors. Do we know the real identity of the people, who are working on this project?

Rome wasn't built in a day. These things take time to make sure all the kinks are ironed out, but I'm sure progress will move a lot faster now they've got a million dollars in their pocket. I really cannot wait for these decentralized markets and exchanged to become the norm though. They're desperately needed.

bryant.coleman

legendary

Activity: 3654

Merit: 1217

I have been hearing about this OpenBazaar for more than 2 years now. Are they ever going to put up their marketplace online (the website is online, but I can't see any market place there)? I just hope that the developers don't go AWOL, after taking away the money from all the donors. Do we know the real identity of the people, who are working on this project?

TheButterZone

legendary

Activity: 3052

Merit: 1031

RIP Mommy

Quote from: pedrog on June 11, 2015, 10:33:31 AM

How does OpenBazaar makes money?

Are they going to act as an escrow and charge a fee?

knight22

legendary

Activity: 1372

Merit: 1000

--------------->¿?

This is awesome news. It will accelerate development of the platform.

LiteCoinGuy

legendary

Activity: 1148

Merit: 1010

In Satoshi I Trust

maybe they could charge a minimal fee in the future or do some advertising but when they hurt Paypal or Ebay with their business - great!

pedrog

legendary

Activity: 2786

Merit: 1031

How does OpenBazaar makes money?

Are they going to act as an escrow and charge a fee?

Grand_Voyageur

sr. member

Activity: 322

Merit: 250

https://dadice.com | Click my signature to join!

OpenBazaar Raises $1 Million from Silicon Valley Giants

Quote

The developers of OpenBazaar, the open-source decentralized marketplace protocol, have received $1m in seed funding.

The project received backing from venture firms Andreessen Horowitz and Union Square Ventures, and angel investor and board member William Mougayar.

OpenBazaar aims to enable broader peer-to-peer e-commerce, free from the privacy and economic concerns attributed to more centralized models, using bitcoin as a medium of exchange.

Full story: http://www.coindesk.com/openbazaar-raises-1-million-from-silicon-valley-giants/

Topic: [2015-06-11] CD: OpenBazaar Raises $1 Million from Silicon Valley Giants (Read 660 times)