What The Bounties Network does

The Bounties Network is a decentralized marketplace platform built on Ethereum that connects bounty issuers with global freelance talent. Founded in 2017 and headquartered in Brooklyn, the platform allows users to create bounties with specified deliverables, fulfill them for payment, and transact in any ERC20 token (most commonly ETH and DAI) via automated smart contract payments. The company positions itself as a zero-fee alternative to traditional freelance platforms, eliminating platform commissions and international transfer costs while providing an immutable on-chain reputation system.

The platform comprises three core products: the Bounties Explorer (a self-serve marketplace interface), Delphi Arbitration (an on-chain dispute resolution system using a Token Curated Registry of arbiters and staking mechanics), and the Bounties API & React Components (open-source developer tools governed by the EIP-1081 smart contract standard for interoperable bounties). The architecture is wholly digital and web3-native, requiring only a compatible Ethereum wallet (MetaMask, Status, Trust Wallet, Coinbase Wallet, or Opera) to access.

The business model is freemium with a zero-transaction-fee core: 100% of bounty funds flow to fulfillers, and the company does not disclose a monetization mechanism. It operates as a ConsenSys-backed venture within the Ethereum ecosystem, relying on community-led growth, hackathon presence (ETHDenver, ETHBerlin, ETHIndia), and earned media for distribution. Customer segments span long-tail freelancers, project issuers ranging from individuals to social-impact organizations, and a single named institutional engagement (UNICEF Ventures at ETHDenver 2019). Self-serve onboarding, API extensibility, and a global community spanning all six continents characterize the go-to-market motion.

Name

The Bounties Network

Legal name

The Bounties Network

Website

https://bounties.network

Company type

Private

Founded year

2017

Operating status

Operating

Headcount range

1–10 employees

Short description

The Bounties Network is a Brooklyn-based, ConsenSys-backed decentralized Ethereum marketplace founded in 2017 that enables global freelancers and project issuers to create, fulfill, and pay bounties in any ERC20 token via automated smart contracts, with no platform fees.

Ownership category

akta.pro rank

Product category

Decentralized Freelance Marketplace

NAICS

Financial Transactions Processing, Reserve, and Clearinghouse Activities (522320)

SIC

Finance Services (6199)

akta.pro primary industry

Payroll & Contractor Payments (Crypto) (FSADAIAH)

akta.pro secondary industries

B2B Crypto Payouts, Mass Payments & Treasury Disbursements (FSADAIAF), Invoice, Billing & Subscription Payments (Crypto) (FSADAIAG), Custodial Wallets & Hosted Accounts (exchange/fintech custody, omnibus wallets) (FSAPACAC)

Keywords

• Decentralized freelance marketplace
• Blockchain bounty platform
• Ethereum smart contracts
• Onchain dispute resolution
• Gig economy platform

Headquarters

HQ city

Brooklyn

HQ country

United States

HQ region

North America

Markets served

GTM type

B2B and B2C

Offering type

Software

Cost components

Technology or R&D, Personnel, Marketing or Sales, Operations, Infrastructure

Revenue model

1. Platform Transaction Revenue: The platform operates on a no-fee model for bounty transactions. 100% of the money for the bounty goes to the fulfiller with no international transfer fees. Revenue generation mechanism is not explicitly disclosed but the platform appears to be venture-funded or sustainability-focused rather than transaction-fee driven.

Pricing tiers

Go-to-market motion3 records

Distribution channels3 records

Marketing channels6 records

Core offering

The Bounties Network is a decentralized platform built on Ethereum that enables anyone to create bounties for tasks and pay fulfillers in any ERC20 token via automated smart contracts. It provides a global marketplace for freelance work, a staking and arbitration system (Delphi) for dispute resolution, and open-source developer tools (Bounties API and React components) for building third-party bounty networks.

Product overview

The Bounties Network is a decentralized freelance marketplace platform built on Ethereum that connects bounty issuers with global talent. The platform consists of three main products: the Bounties Explorer (core marketplace for discovering and managing bounties), Delphi Arbitration (onchain dispute resolution with staking and arbiters), and Bounties API & Components (open-source developer tools for building custom bounty networks). Users can create projects, post tasks, and transact in any ERC20 token on Ethereum with automated payments. The platform serves freelancers across multiple verticals including code, content creation, music, art, social impact, and research.

Differentiator

Problem solved

Functional benefit

Brands

• Bounties Explorer: A global marketplace giving access to projects and talent, enabling users to create and fulfill tasks with automated payments in any token on Ethereum.
• Delphi Arbitration
• Bounties API & Components

Products and services

• Bounties Explorer A global marketplace interface where bounty issuers create tasks and fulfillers browse, apply, and complete work with automated payments in any ERC20 token on Ethereum. Designed for both organizations outsourcing work and individual freelancers across categories including code, content, music, art, research, and social impact projects.
• Delphi Arbitration An on-chain trust and dispute resolution system that allows users to deposit stakes and open claims when transactions don't go as planned. Features a Token Curated Registry of arbiters from around the world who evaluate and rule on claims to ensure impartial and fair outcomes.
• Bounties API and React Components Open source smart contracts, a Bounties API, and React UI components that allow developers to launch their own bounty marketplaces or embed bounty functionality into existing platforms. Targeted at developer teams building the next generation of gig economy applications.

Quantifiable outcome

• Zero international transfer fees vs. typical 2-5% on traditional platforms
• +2 more outcomes

Named customers1 record

Segments3 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration5 records

Feature5 records

Partnerships

Eight partnerships are on record, tiered core and minor.

• ConsenSyscoreStrategic or Co-development PartnerConsenSys is a major Ethereum software company that houses The Bounties Network as one of its ventures. The partnership provides strategic backing, technical resources, and access to the broader ConsenSys ecosystem of blockchain tools and platforms.
• GitcoincoreStrategic or Co-development PartnerGitcoin is a blockchain-focused community and platform for developer funding and coordination. Both platforms serve the Ethereum ecosystem and collaborate on shared goals of funding open source and incentivizing work.
• ETHBerlinminorGTM or Marketing PartnerETHBerlin is a major Ethereum hackathon and community event in Germany. The Bounties Network partners with ETHBerlin for event engagement and developer community building.
• ETHIndiaminorGTM or Marketing PartnerETHIndia is a premier Ethereum hackathon in India. Partnership supports developer outreach and adoption in the Indian blockchain community.
• Code to InspireminorStrategic or Co-development PartnerCode to Inspire is a nonprofit organization teaching programming to women in Afghanistan. The partnership supports blockchain education and economic empowerment initiatives in developing regions.
• CellariusminorOthersCellarius is a blockchain platform. The nature of the partnership appears to be ecosystem collaboration within the broader ConsenSys and Ethereum community.
• Blockchain for Social Impact (BSIC)minorStrategic or Co-development PartnerBSIC is a ConsenSys initiative focused on blockchain solutions for social good. The partnership aligns The Bounties Network with social impact initiatives including ocean cleanup and environmental projects.
• ACTAI GlobalminorStrategic or Co-development PartnerACTAI Global is an organization focused on the intersection of technology and social impact. Partnership supports collaboration on grassroots initiatives and global activism.

Scale indicators1 record

Recent moves6 records

Expansion highlights5 records

Emerging players

• Request Network: Crypto-native invoicing and payment network built on Ethereum. Adjacent competitor in the crypto-based business payment infrastructure category where The Bounties Network also operates.

Direct peers

• Braintrust: Decentralized talent network that connects freelancers with enterprises using blockchain-based reputation. Competes in the same freelance marketplace category with a token-based incentive model.
• DeWork: Web3-native task and bounty management platform with on-chain reputation. Directly competes in the decentralized bounty/task marketplace category with similar token-based payment mechanics.
• Layer3: Web3 quests and tasks platform that pays users in crypto for completing on-chain activities. Targets the same issuer-talent marketplace dynamic with token rewards and reputation tracking.
• Gitcoin: Blockchain-based platform for funding open-source work and bounties using Ethereum. Gitcoin is both a strategic partner and the most direct functional peer, running quadratic funding rounds and grant bounties on the same Ethereum infrastructure.
• LaborX: Blockchain-based freelance platform paying in multiple cryptocurrencies. Directly comparable in offering crypto-denominated freelance work with global talent access and decentralized escrow.
• Ethlance: Ethereum-based freelance job marketplace paying in ETH. Direct competitor with similar zero-fee, crypto-payment model and Ethereum-native architecture.
• Colony: Decentralized autonomous organization (DAO) framework for collaborative work with built-in task management and crypto payments. Competes in the on-chain freelance and task coordination space.

Broad incumbents

• Upwork: Largest incumbent freelance marketplace. Represents the traditional model that The Bounties Network attempts to disrupt with lower fees and global crypto payments, but with vastly greater liquidity and brand recognition.
• Fiverr: Major incumbent freelance services marketplace. Competes for the same buyers (task issuers) and sellers (freelancers) but with a centralized, fee-based business model.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/ethBounties
• LinkedInlinkedin.com/company/bounties-network

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Subsidiaries1 record

Funding overview

Funding rounds1 record

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about The Bounties Network