eBay Acquires NFT Marketplace KnownOrigin
- eBay acquires NFT marketplace KnownOrigin for an undisclosed amount
- The move comes after the e-commerce giant announced its debut NFTs collection
Leading e-commerce company eBay on Wednesday announced the acquisition of NFT marketplace KnownOrigin, a move that will push the company further in the world of digital collectibles.
The details of the transaction have not yet been revealed.
The move comes a month after eBay announced its debut collection of NFTs in partnership with Tezos and Polygon-based NFT platform OneOf.
According to DappRadar, Manchester-based KnownOrigin, which was founded in 2018, has facilitated an NFT trading volume of $7.8 million since its launch.
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.Jamie Iannone, CEO of eBay
"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,” he added.
David Moore, co-founder, KnownOrigin as interest in NFTs continues to grow, it was the perfect time 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,” Moore said.