OB1

OB1 is the company leading development of OpenBazaar, the world’s first widely-used decentralized marketplace. The company is building technologies that help give users around the world more control over their online trade.
EXITED
OB1

The story so far

Founded by Brian Hoffman, Sam Patterson and Washington Sanchez in 2015, OB1 was created after a year of devleopment on OpenBazaar. The small team saw the concept of decentralized trade gain enthusiatic support in the Bitcoin community, and decided to build momentum with an expanded development team, with a goal to revolutionize ecommerce. OB1 is building an open source marketplace that is fully decentralized, operating as a peer-to-peer network between the participants of the marketplace and using bitcoin as its payment mechanism. It is the only e-commerce marketplace that offers secure, commission-free trade for both buyers and sellers. Since the launch of the updated 2.0 platform near the end of 2017, over 40,000 nodes globally have joined the OpenBazaar network. In early 2018 OpenBazaar enhanced its value to buyers and sellers by enabling purchases with Bitcoin Cash and Zcash. OMERS Ventures led the Series A Round in 2018.

OB1-logo
Themes

Consumer

Founded

2015

OMERS First Investment

2018

Exited

2020

Company Information
Visit Website

ABOUT THE FOUNDER

Brian Hoffman

Brian Hoffman is the co-founder and CEO of OB1, a company focused on building software for OpenBazaar, a decentralized peer to peer marketplace for global free trade using Bitcoin. Brian spent over 10 years working with clients like the US Department of Defense, classified agencies and many Fortune 500 companies like Neiman Marcus, FedEx, Boeing and Hilton Hotels providing cybersecurity consulting services.

Our focus: portfolio companies