Online retailer eBay announced that it had purchased the NFT marketplace KnownOrigin for an undisclosed sum, this is a crucial step in its aim to become the world’s leading destination for collectibles.
In a press release published on June 22, eBay said that it has purchased the top NFT marketplace KnownOrigin in order to usher in a new era of digital collecting.
Jamie Iannone, CEO of eBay, said:
“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.”
Additionally, he thinks KnownOrigin is a top NFT marketplace that has amassed a remarkable, fervent, and devoted set of creators and collectors. Additionally, they are a wonderful complement to the eBay marketplace for sellers and consumers.
A tech-driven reimagination is now taking on at eBay to improve the company’s technology, performance, and customer experience. This includes developing tools that will make it simpler for users to find, sell, and purchase anything.
In fact, the CEO of eBay made hints about accepting cryptocurrency payments, noting that the platform previously allowed users to buy and trade NFTs in May 2021.
Commenting on the success of KnownOrigin and the acquisition, David Moore, co-founder, KnownOrigin, said:
“As interest in NFTs continues to grow, we believe now is the perfect time for us to partner with a company that has the reach and experience of eBay.”
Additionally, he believes that the collaboration will help draw in new NFT producers and collectors.
KnownOrigin NFT Marketplace
Top artists and collectors have found KnownOrigin to be one of the most effective NFT marketplaces. Additionally, it has teamed with well-known businesses including Adidas, Netflix, and Adobe.
KnownOrigin completed its Series A investment round in February of this year, raising $4 million. With participation from Cultur3 Capital, D1 Ventures, MetaCartel Ventures DAO, LD Capital, Pluto Digital and Future Arts, Colborn, and Yin Cao, the investment was co-led by venture capital companies GBV and Sanctor Capital.
