EBay Acquires UK-Based NFT Marketplace KnownOrigin
E-commerce giant eBay (EBAY) continues to move aggressively into digital collectibles and has acquired U.K.-based non-fungible token (NFT) marketplace KnownOrigin.
The move comes one month after eBay launched its debut collection of Sports themed NFTs.
A press release on Wednesday confirmed the deal with terms of the acquisition not disclosed.
Jamie Iannone, CEO of eBay, said in a statement:
“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 has built up an impressive, passionate and loyal group of artists and collectors making them a perfect addition to our community of sellers and buyers. We look forward to welcoming these innovators as they join the eBay community.”
KnownOrigin was founded in 2018 and has already generated $7.8 million of trading volume since launch, based on DappRadar data.
David Moore, co-founder of KnownOrigin, commented:
“We founded KnownOrigin to empower creators and collectors by giving them the ability to showcase, sell, and collect unique, authenticated digital items.
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. With more than twenty-five years building similar communities of passionate individuals, we are excited by the opportunity to bring a whole new audience on this journey. 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.”
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Source: igaming
