EBay has acquired the UK-based NFT marketplace KnownOrigin
6/24/2022, 12:05 AM
eBay has long been a go-to marketplace for collectors and hobbyists looking for unique and hard-to-find items. Now, the e-commerce giant is aiming to become a leading destination for digital collectibles with the acquisition of NFT marketplace KnownOrigin.
The news of the acquisition was announced in a press release on Wednesday (June 22, 2022). While details of the purchase remain scarce, the statement noted that both parties have signed and closed the deal. Meanwhile, eBay noted that the acquisition of the NFT marketplace was an important step in the company’s entrance into the world of digital collectibles, as it aims to become a top global destination for such items. According to a statement from eBay CEO Jamie Iannone: “eBay is the first stop for people across globe who are searching for that perfect, hard-to-find or unique addition to their collection and with this acquisition we will remain a leading site as our community is increasingly adding digital collectibles." KnownOrigin was founded in 2018 and allows artists and collectors to showcase, sell, and collect unique digital items. Co-founder David Moore said it was the perfect time to partner with a major company like eBay. Moore added: "This is start of new chapter in KnownOrigin story and we couldn't choose better time to focus on building and innovating with team at eBay. This partnership will help us attract new wave of NFT creators and collectors." The latest development comes shortly after eBay partnered with Web 3 company OneOf to launch hockey-themed NFT collection. Back in 2021, ecommerce marketplace enabled sale of NFSs on its platform. With this latest move, eBay is positioned to become one major player in burgeoning world of digital collectibles
The news of the acquisition was announced in a press release on Wednesday (June 22, 2022). While details of the purchase remain scarce, the statement noted that both parties have signed and closed the deal. Meanwhile, eBay noted that the acquisition of the NFT marketplace was an important step in the company’s entrance into the world of digital collectibles, as it aims to become a top global destination for such items. According to a statement from eBay CEO Jamie Iannone: “eBay is the first stop for people across globe who are searching for that perfect, hard-to-find or unique addition to their collection and with this acquisition we will remain a leading site as our community is increasingly adding digital collectibles." KnownOrigin was founded in 2018 and allows artists and collectors to showcase, sell, and collect unique digital items. Co-founder David Moore said it was the perfect time to partner with a major company like eBay. Moore added: "This is start of new chapter in KnownOrigin story and we couldn't choose better time to focus on building and innovating with team at eBay. This partnership will help us attract new wave of NFT creators and collectors." The latest development comes shortly after eBay partnered with Web 3 company OneOf to launch hockey-themed NFT collection. Back in 2021, ecommerce marketplace enabled sale of NFSs on its platform. With this latest move, eBay is positioned to become one major player in burgeoning world of digital collectibles