eBay acquires NFT marketplace KnownOrigin

Global e-commerce company eBay has in a press release announced that it has acquired leading NFT marketplace KnownOrigin for an undisclosed amount.

The acquisition helps eBay in its mission to venture into the new era of digital collectibles and become a global destination for collectibles.

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Commenting on the acquisition, the CEO of eBay Jamie Iannone said:

“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.”

Iannone further believes that KnownOrigin is a leading NFT marketplace with an impressive, passionate, and loyal group of artists and collectors that would be a perfect addition to the eBay community of buyers and sellers.

On his part, the co-founder of KnownOrigin, David Moore, said:

“As interest in NFTs continues to grow, we believe now is the perfect time for us to partner with a company that has the reach and experience of eBay.”

eBay’s tech-led re-imagination

eBay is currently undergoing a high-tech-led restructuring geared towards upgrading the company’s performance, customer experience, and technology by including tools that make it easier for people to discover, buy and sell anything on the platform.

eBay’s CEO has also hinted that the company would start accepting crypto payments seeing that it already allows for the selling and buying of NFTs on the platform.

KnownOrigin’s success over the years

KnownOrigin has proven itself as one of the best NFT marketplaces by attracting top collectors and artists.

KnownOrigin has also partnered with leading companies that include Adobe, Netflix, and Adidas.

Additionally, in February this year, KnownOrigin raised $4 million in a Series A funding round that saw the likes of Venture Capital, GBV and Sanctor, Pluto Digital and Future Arts, Capital, Cultur3 Capital, MetaCartel Ventures DAO, Colborn, D1 Ventures,  LD Capital, and Yin Cao take part.