Read here: http://www.dailydot.com/politics/openbazaar-1-million-seed-funding/
The "next generation of uncensored trade" just made its first million bucks.
OpenBazaar, designed to be an "untouchable" and decentralized Bitcoin marketplace, just announced a $1 million round of seed funding from Union Square Ventures, Andreessen Horowitz, and angel investor William Mougayar. That's a heavyweight team of investors for a project that has been counted among the most subversive on the Net.
OpenBazaar is designed to be a new way to buy and sell things online. Instead of going to a site like Amazon.com, OpenBazaar is a decentralized network that isn't controlled by any single company or organization. No big corporation is always watching and monetizing each sale, no one can easily censor what you're selling, and everyone will be on an equal playing field--at least, that's what the developers hope they'll build with this investment. Right now, the software is still in beta.
The investment goes to OB1, the newly formed company headed by CEO Brian Hoffman, previously a cybersecurity and IT consultant at Booz Allen Hamilton, who has headed OpenBazaar development from the beginning. OB1's top priority is to provide core developer support to OpenBazaar, Hoffman explained, so they've hired a team of six full-time employees (including Hoffman) with the new-found cash.
Does OpenBazaar still require a merchant to have the client running at all times?