(eBay) E-commerce platform eBay has announced the acquisition of the nonfungible asset marketplace KnownOrigin.
eBay says the acquisition is a step toward a tech-led reimagination that enables it to become a top destination for collectables in the digital era.
The ecommerce platform celebrates KnownOrigin as a platform that has revolutionized the way people create, buy, and sell NFTs.
eBay is banking on the acquisition to enable it to become the go-to marketplace for hard-to-find digital collectables.
The acquisition of KnownOrigin highlights eBay’s forays into digital assets, having begun allowing the buying and selling of NFTs on the marketplace in May 2021.
KnownOrigin co-founder David Moore says with the growth in the popularity of NFTs, it is time to partner with a company with a lot of networks such as eBay. He says the deal will attract more NFT creators and collectors.
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