OpenBazaar has raised US$1 million in seed funding with the help of Andreesen Horowitz, Union Square Ventures, and angel investor William Mougayar. OpenBazaar , which just launched its fifth beta release , is the much-anticipated decentralized market to bitcoin’s decentralized money. Online commerce relies on many intermediaries, such as PayPal, but OpenBazaar allows users to conduct trade one-on-one with the help of notaries, multisignature transactions, and a reputation system .
The seed funding will be […]