eBay acquires NFT KnownOrigin “marketplace”

eBay Inc. recently acquired an NFT exchange, KnownOrigin, further demonstrating the company’s interest in the NFT market.

Through a press release on the evening of June 22, the giant in the e-commerce industry eBay announced the acquisition of the platform NFT marketplace KnownOrigin. The detailed terms and value of the deal were not disclosed.

KnownOrigin co-founder David Moore says the deal will help his platform reach a new wave of users and content creators

KnownOrigin is described as “one of the most innovative NFT marketplaces”with “leading technology”. Meanwhile, eBay can help the NFT platform reach a new wave of users “includes NFT creators, sellers and buyers”. These are mentioned by KnownOrigin co-founder David Moore.

According to DappRadar data, KnownOrigin Market has reached $7.8 million in trading volume since its launch.

The eBay announcement also states:

“This acquisition is an important step in eBay’s technology-led redefinition, ushering in a new era of digital collectibles as the world’s premier destination for collectibles. knownOrigin, founded in 2018 in Manchester, United Kingdom, allows artists and collectors to create, buy and resell NFTs through blockchain-enabled transactions.Since its inception, knownOrigin has been witnessed significant growth as it revolutionized the way people create, buy and sell NFTs.”

Jamie Ianone, CEO of eBay said:

“eBay will be the first stop for people around the world looking to add perfect, unique features to their collection of NFTs. KnownOrrigin has built an impressive, passionate and loyal group of artists and collectors, making them a perfect addition to our (eBay) community.”

knownOrigin co-founder David Moore also commented:

“We founded knownOrigin to empower creators and collectors by giving them the ability to display, sell, and collect unique, validated digital items. When interest in NFT continues to grow, we believe now is the perfect time for us to partner with a company with the reach and experience of eBay.

With over 25 years of building similar communities of passionate individuals, we’re thrilled at the opportunity to bring a whole new audience on this journey. This is the beginning of a new chapter in the KnownOrigin story, and we couldn’t have chosen 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. “

eBay CEO Jamie Lannone also praised the passion and loyalty of NFT artists and collectors on KnownOrigin.

Since May 2021, eBay has supported NFT buying and selling, and released its own NFT at the same time. Ebay CEO even shared his intention to accept payments with digital assets, especially interested in NFTs and Crypto. Most recently, last month, eBay also showed its efforts when “encroaching” into the market with a collaboration with One Of, launching the “Genesis” collection.