eBay purchases NFT artwork market KnownOrigin

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eBay purchases NFT artwork market KnownOrigin



eBay really has totally embraced non-fungible tokens: The e-commerce firm has acquired KnownOrigin, a longtime market for digital artwork NFTs. As CoinDesk notes, eBay hasn’t disclosed how a lot it paid for {the marketplace}, however it stated in its introduced that the acquisition is an “essential step in [its] tech-led reimagination.” KnownOrigin has been round since 2018 and offers artists a platform they will use to create and promote their artwork as NFTs in trade for cryptocurrency funds. Based mostly on info from DappRadar, which tracks information on decentralized apps, KnownOrigin has facilitated $7.8 million price of NFT transactions since its inception.Jamie Iannone, eBay CEO, stated in an announcement:”eBay is the primary cease for individuals throughout the globe who’re looking for that excellent, hard-to-find, or distinctive addition to their assortment and, with this acquisition, we are going to stay a number one website as our group is more and more including digital collectibles.”eBay made its first foray into NFTs as a part of its “tech-led reimagination” final 12 months. It allowed the sale of NFTs on its platform in Could 2021 for sellers that meet the corporate’s requirements. Again then, it informed Reuters that it’s going to add extra capabilities “that convey blockchain-driven collectibles” to its platform. This Could, the corporate launched an NFT assortment of its personal, releasing 13 limited-edition digital collectibles that characteristic 3D-animated renders of hockey legend Wayne Gretzky. The truth is, we will anticipate the corporate to launch extra NFT collections all year long. eBay and OneOf, its Web3 associate for the Gretzky drop, stated they plan to launch extra NFTs within the coming months that includes different athletes and up to date variations of iconic Sports activities Illustrated covers.



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