OB1

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.