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 worthy it paid for the marketplace, nonetheless it acknowledged in its announced that the steal is an “crucial step in [its] tech-led reimagination.” KnownOrigin has been spherical since 2018 and gives artists a platform they are able to verbalize to originate and sell their art as NFTs in alternate for cryptocurrency payments. In accordance with recordsdata from DappRadar, which tracks recordsdata on decentralized apps, KnownOrigin has facilitated $7.8 million value of NFT transactions since its inception. 

Jamie Iannone, eBay CEO, acknowledged in an announcement:

“eBay is the principle discontinuance for folks across the globe who are attempting to get that finest, hard-to-get, or recurring addition to their sequence and, with this acquisition, we can reside a number one house as our community is extra and extra adding digital collectibles.”

eBay made its first foray into NFTs as part of its “tech-led reimagination” final one year. It allowed the sale of NFTs on its platform in Would possibly presumably well 2021 for sellers that meet the corporate’s standards. Relief then, it urged Reuters that this can also honest add extra capabilities “that ship blockchain-driven collectibles” to its platform. This Would possibly presumably well, the corporate launched an NFT sequence of its comprise, releasing 13 small-version digital collectibles that feature 3D-animated renders of hockey memoir Wayne Gretzky. Basically, we can quiz the corporate to start extra NFT collections all one year prolonged. eBay and OneOf, its Web3 partner for the Gretzky plunge, acknowledged they concept to start extra NFTs in the arriving months featuring varied athletes and up to this point variations of iconic Sports Illustrated covers.

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