OpenBazaar reached $5 mln mark in a series A round

Bitcoin marketplace has gained support from Bitmain along already participating Union Square Ventures, BlueYard Capital, Digital Currency Group
14 March 2018   1527

OpenBazaar managing company, OB1 has announced it successfully secured $5 mln of a series A round. The round was headed by the venture capital arm of OMERS pension fund - OMERS Ventures. Among the backers Andreessen Horowitz, William Mougayar, Union Square Ventures, BlueYard Capital, Digital Currency Group there was a new investor - Bitmain.

OB1 allows individuals, living anywhere, to buy and sell as part of a truly global marketplace. We are excited about the potential represented by OpenBazaar’s decentralized peer-to-peer protocol, and are thrilled about the various implementation paths that Brian and the rest of his team are pursuing.

 

Jim Orlando

Managing Partner, OMERS Ventures

The official release also explains the key points of the ongoing development: enhancements in terms of user flexibility and control over the means of the sale and purchase of products online. The 2018 plan also includes the launch of both web and mobile applications and new features like trade requests and operations with other cryptocurrencies. In early 2018 the platform already implemented Bitcoin Cash and Zcash services. This week was notable with the release of Verified Moderators program.

Our goal is to see the OpenBazaar protocol and software empower business owners and consumers alike to shift away from the corporate-controlled legacy systems and engage in ecommerce in a free, fair and independent way.

 

Brian Hoffman

CEO, OB1

BNC to Monitor BTC Community's Mood

The system called Twitter Sentiment analyzes over 34M BTC-related Twitter posts each week, using AI to track the mood of the community
22 January 2020   131

Blockchain-based New Zealand-based research firm Brave New Coin (BNC) has unveiled a new system for measuring the mood of the Bitcoin community based on Twitter messages.

According to BNC, the new Twitter Sentiment rating system analyzes over 34 million BTC-related Twitter posts each week. The company uses artificial intelligence (AI) algorithms that look for records containing the words bitcoin, $ BTC and BTC and others.

BNC notes that user sentiment continues to be a “significant” factor in the price and dynamics of digital assets, and a new technique has been developed to track these sentiments. According to the BNC, it took 18 months to launch the Bitcoin Twitter Sentiment. The data obtained is divided into seven categories - Opinion, Technical Information, Inside the Network, Advertising, Bots, Macros and Hacking.

For the week ending January 17, the most common entries were in the Opinion category - their number was 30.42% of all data received. In second place was the category Technical Information, and in third inside the network (includes information on mining and hashrate).

BNC spokeswoman Pierre Ansaldi said that during the first quarter of this year, the company will also launch community sentiment analysis tools for other crypto assets.