EBay and KnownOrigin announced in a joint statement last night that the e-commerce giant has acquired the NFT marketplace for an undisclosed amount.
KnownOrigin co-founder David Moore said the deal will help his platform reach a new wave of users and content creators through eBay.
Besides, Jamie Ianone – CEO of eBay also shared:
“eBay will be the first stop for people around the world looking to add perfect, unique features to their collection of NFTs. KnownOrrigin has built an impressive, passionate and loyal group of artists and collectors, making them a perfect addition to our (eBay) community.”
KnownOrigin is a UK-based platform that allows the buying and selling of NFT artworks. Currently, the platform is working on the Ethereum blockchain and allows famous artists to mint their NFTs.
eBay has been supporting NFT trading since May 2021, and is rumored to be launching a cryptocurrency wallet and support for crypto payments. Recently, in May 2022, eBay also showed interest in its NFT when in conjunction with OneOf to launch the “Genesis” collection.
The move comes amid a number of acquisitions in the NFT market. A few days ago, Uniswap Labs, the company behind the Uniswap decentralized exchange, said it was acquiring aggregator platform NFT Genie. And in April, OpenSea, the largest NFT marketplace at the moment, also announced the acquisition of NFT Synthetic Gem.