eBay acquires NFT marketplace KnownOrigin

The American online marketplace eBay has acquired the British non-fungible token (NFT) platform KnownOrigin. Details of the deal and the price have not been disclosed.

4/7 Today, we are excited to share the news that we have joined eBay! Similar to us, eBay’s culture is fueled by a strong belief in connecting people and innovation. They’ve spent the past 25 years building a passionate community of buyers and sellers on their own marketplace.

— KnownOrigin.io (@KnownOrigin_io) June 22, 2022

“During meetings, they [eBay] impressed us with their willingness to learn, embrace and dive into Web3. … NFTs are rapidly becoming the future of the creative industry, and our technical innovations combined with the eBay brand and community will give us a wonderful opportunity to play a meaningful and enduring role in the development of the space,” said KnownOrigin.

The parties signed the agreement on June 21.

In the spring of 2021, eBay allowed users to trade NFTs. Previously, the head of the company Jamie Iannone stated that the platform was considering the possibility of accepting payments in cryptocurrencies.

In May 2022, eBay launched an NFT collection as part of a partnership with OneOf.

On June 21, Uniswap Labs announced the purchase of the NFT marketplace aggregator Genie.

Earlier, the Solana-based NFT marketplace Magic Eden attracted $130 million from Electric Capital and Greylock Partners.

Details on how to issue an NFT and which platform to choose for selling can be found in ForkLog’s educational cards:

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