Global e-commerce giant eBay has acquired non-fungible token (NFT) market KnownOrigin, as part of efforts to develop to be a frontrunner in digital collectibles.
- The info of the acquisition was launched in a press release on Wednesday (June 22, 2022). While particulars of the acquisition keep scarce, the assertion well-known that every occasions have signed and closed the deal.
- Meanwhile, eBay well-known that the acquisition of the NFT market was an important step inside the agency’s entrance into the world of digital collectibles, as a result of it objectives to develop to be a excessive worldwide trip spot for such objects.
- According to a press launch from eBay CEO Jamie Iannone:
“eBay is the first stop for people across the 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 based mostly in 2018 and permits artists and collectors to showcase, promote, and purchase distinctive digital objects. Co-founder David Moore said it was the suitable time to companion with a severe agency like eBay.
- Moore added:
“This is the start of a new chapter in the KnownOrigin story and we couldn’t choose a better time to focus on building and innovating with the team at eBay. This partnership will help us attract a new wave of NFT creators and collectors.”
- The latest development comes shortly after eBay partnered with Web 3 agency OneOf, to launch a hockey-themed NFT assortment. Back in 2021, the e-commerce market enabled the sale of NFTs on its platform.
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