OpenBazaar to make a comeback

The Bitcoin marketplace is expected to re-open following a two-year closure.

Decentralized marketplace platform OpenBazaar is reported to be making a return after closing two years ago due to insufficient funding.

Rumors of the company’s re-emergence into the industry follow vague tweets from the firm’s Twitter account which has grown speculation across the crypto sector.

“Openbazaar was built by the community from nothing. For a long time, it has slept, but it is now time to grow again from the ashes.

“Work has begun. we will need recruits. we will need your ideas, your thoughts”, the cryptic post read.

The digital marketplace once held a platform where users could sell goods – without the need for central authority like popular companies Amazon or Etsy – ranging from candles to medicine.

After closing in late 2020, the company was temporarily rescued by an anonymous donor, however, it did not remain open for business thereafter.

In a message to Decrypt, OpenBazaar chief executive Brian Hoffman confirmed his rebuilding of the marketplace, however he declined to add any further detail on the company’s plans.

Currently, the firm’s website states the message “openbazaar 3.0 – coming soon”.

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Written by Isabella Aslam


Isabella is an experienced writer in B2B and B2C journalism. Alongside crypto, Isabella writes and discusses the topics of relationships and psychology. Isabella holds a first-class degree in music journalism and often interviews electronic artists and DJs.

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