OpenBazaar is a unique startup that operates in the decentralized commerce space, providing a platform for private, fee-free cryptocurrency transactions. The company leverages a decentralized protocol, which means it doesn't rely on a central authority to manage transactions. Instead, it uses a peer-to-peer network, powered by technologies like IPFS (InterPlanetary File System) and implemented in the Go programming language.

OpenBazaar primarily serves tech-savvy individuals and cryptocurrency enthusiasts who value privacy and low-cost transactions. These clients are typically looking for an alternative to traditional e-commerce platforms that charge fees and require personal information. The market it operates in is the rapidly growing decentralized finance (DeFi) sector, which aims to create financial systems that are open, secure, and free from traditional banking constraints.

The business model of OpenBazaar is quite different from conventional e-commerce platforms. Since it is an open-source project, much of its development is driven by community contributions. OB1, a company that sponsors much of the work around OpenBazaar, plays a significant role in its development and maintenance. OpenBazaar makes money through various means, including sponsorships, donations, and potentially through premium features or services that could be offered in the future.

In summary, OpenBazaar is a decentralized, open-source platform for private, fee-free cryptocurrency transactions. It serves privacy-conscious individuals and cryptocurrency users, operating in the DeFi market. The business model relies on community contributions and sponsorships, with potential for future monetization through premium services.

Keywords: decentralized, cryptocurrency, private transactions, fee-free, open-source, peer-to-peer, IPFS, Go language, DeFi, community-driven.