Multinational e-commerce platform, eBay have acquired an NFT marketplace located in the UK– KnownOrigin for an undisclosed sum.
eBay acquires KnownOrigin
KnownOrigin is a renowned NFT trading platform located in Manchester City– UK. It was established in 2018 by Andy Grey, David Moore, and Jame Morgan. It allows artists to create, purchase and sell NFT collections.
The NFT platform has grown considerably since its inception. And it has had a significant impact on the way people trade and create NFTs.
KnownOrigin is the 12th largest NFT marketplace in the world with a trading volume of $7.8 million.
The co-founder of KnownOrigin– David Moore– said that the company aims to empower producers. And collectors and allow them to display and sell authentic digital items.
He also said that as people get more interested in NFTs, this is the right time for KnownOrigin to partner with a company that has similar interests and experience. He stated that the company is thrilled to work with a whole new audience.
According to David Moore “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.”
More About eBay
eBay is one of the world’s largest commerce leaders that allows the networking of a large number of buyers and sellers to build an economic platform that is favorable to all.
eBay established in San Jose California has influenced over 190 marketplaces in the world.
The platform allows individuals to discover unique products that offer tremendous value.
The CEO of eBay– Jammie Lannone– said that eBay is the first place for people around the world who are looking for unique additions that are hard to find to add to their collections.
The CEO also said that eBay has established a passionate group of artists and collectors that will add to their community.
The organization looks forward to working with the new sets of innovators added to their community.
eBay first started the trading of NFTs in May 2021 because of its need to promote technology, improve performance, and include tools that will make it easier for customers to trade anything on the platform.
With the acquisition of the KnownOrigin marketplace, eBay has just launched deeper into web 3.0.
eBay seeks to create an innovative environment where the sale of digital collectibles will thrive.
Therefore, this action it has just taken will serve as a stepping stone for the actualization of this goal.