eBay purchases NFT art marketplace KnownOrigin

By June 23, 2022 No Comments

eBay in actual fact has fully embraced non-fungible tokens: The e-commerce company has got KnownOrigin, a longtime marketplace for digital art NFTs. As CoinDesk notes, eBay hasn’t disclosed how a lot it paid for the marketplace, but it acknowledged in its announced that the acquisition is an “indispensable step in [its] tech-led reimagination.” KnownOrigin has been around since 2018 and gives artists a platform they’ll inform to fabricate and promote their art as NFTs in switch for cryptocurrency payments. In keeping with data from DappRadar, which tracks data on decentralized apps, KnownOrigin has facilitated $7.8 million price of NFT transactions since its inception. 

Jamie Iannone, eBay CEO, acknowledged in a assertion:

“eBay is the principle stop for folks across the globe who are seeking that finest, now not easy-to-receive, or uncommon addition to their collection and, with this acquisition, we can remain a number one space as our group of workers is increasingly more adding digital collectibles.”

eBay made its first foray into NFTs as part of its “tech-led reimagination” final 300 and sixty five days. It allowed the sale of NFTs on its platform in Might possibly well 2021 for sellers that meet the corporate’s requirements. Lend a hand then, it advised Reuters that this might occasionally add more capabilities “that ship blockchain-driven collectibles” to its platform. This Might possibly well, the corporate launched an NFT collection of its devour, releasing 13 restricted-version digital collectibles that characteristic 3D-sharp renders of hockey memoir Wayne Gretzky. In actuality, we can seek files from the corporate to start more NFT collections all 300 and sixty five days lengthy. eBay and OneOf, its Web3 partner for the Gretzky fall, acknowledged they knowing to release more NFTs within the approaching months featuring different athletes and updated versions of iconic Sports Illustrated covers.

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