International e-commerce big eBay has acquired non-fungible token (NFT) market KnownOrigin, as a part of efforts to change into a pacesetter in digital collectibles.
- The information of the acquisition was introduced in a press release on Wednesday (June 22, 2022). Whereas particulars of the acquisition stay scarce, the assertion famous that each events have signed and closed the deal.
- In the meantime, eBay famous that the acquisition of the NFT market was an essential step within the firm’s entrance into the world of digital collectibles, because it goals to change into a high world vacation spot for such gadgets.
- In accordance with an announcement from eBay CEO Jamie Iannone:
“eBay is the primary cease for folks throughout the globe who’re looking for that excellent, hard-to-find, or distinctive addition to their assortment and, with this acquisition, we’ll stay a number one website as our neighborhood is more and more including digital collectibles.”
- KnownOrigin was based in 2018 and permits artists and collectors to showcase, promote, and accumulate distinctive digital gadgets. Co-founder David Moore mentioned it was the proper time to accomplice with a significant firm like eBay.
- Moore added:
“That is the beginning of a brand new chapter within the KnownOrigin story and we couldn’t select a greater time to deal with constructing and innovating with the workforce at eBay. This partnership will assist us appeal to a brand new wave of NFT creators and collectors.”
- The most recent growth comes shortly after eBay partnered with Net 3 firm OneOf, to launch a hockey-themed NFT assortment. Again in 2021, the e-commerce market enabled the sale of NFTs on its platform.
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