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After being shut down over two years in the past attributable to monetary points and poor consumer progress, OpenBazaar, a decentralized market, seems set for a comeback. Latest updates on social media and GitHub point out that progress is being made on constructing a brand new model of {the marketplace}, which was shut down in 2020.
In line with a GitHub repository, there was progress as latest as April 12 on constructing a brand new model of {the marketplace}. Former venture lead at OpenBazaar and CEO of OB1, Brian Hoffman, tweeted on April 9 of the progress made on a “new” model of {the marketplace}, stating that it’s “getting extra attention-grabbing by the day.”
Hoffman has additionally hinted on the market’s return, citing “freedom of exploration” as a key think about its revival. In a reply to a tweet asking how {the marketplace} can be completely different this time, Hoffman inferred that exterior affect had contributed to its preliminary downfall.
The primary hints that OpenBazaar can be launching a comeback got here in a tweet from Hoffman on March 28, the place he linked OpenBazaar’s GitHub web page that confirmed he had been engaged on a brand new model of {the marketplace} utilizing the programming language Rust. Simply hours later, OpenBazaar’s official account additionally posted a tweet saying that “it’s now time to develop once more from the ashes,” and that “work has begun.”
Including to the proof that {the marketplace} seems prone to relaunch, the OpenBazaar web site presently bears the message “OpenBazaar 3.0 – Coming Quickly.”
Hailed as a decentralized eBay various, OpenBazaar was first launched again in 2014. It allowed customers to work together straight with one another to make transactions utilizing Bitcoin (BTC). {The marketplace} initially had the identify “DarkMarket,” however modified it to OpenBazaar following neighborhood enter in an try to enhance its public picture.
After the trade had shut down in 2020, Hoffman tweeted {that a} future iteration of OpenBazaar would require extra independence from OB1, however offered no extra details about how this may work.
In abstract, OpenBazaar, a decentralized market, is ready for a comeback after it was shut down in 2020. Latest updates on social media and GitHub point out progress on constructing a brand new model of {the marketplace} utilizing the programming language Rust. Brian Hoffman, the previous venture lead at OpenBazaar, has hinted on the market’s return, citing “freedom of exploration” as a key think about its revival. {The marketplace} initially had the identify “DarkMarket,” however modified it to OpenBazaar following neighborhood enter in an try to enhance its public picture. The return of OpenBazaar can be a welcome improvement for these on the lookout for a decentralized eBay various.
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