- eBay introduced as we speak that it has acquired KnownOrigin, a Manchester-based NFT market for visible artwork.
- The deal will see EBay make use of KnownOrigin’s co-founders and crew and purchase its mental property.
- The corporate has been progressively integrating NFTs since Could 2021; final month, it launched its personal assortment on Polygon.
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The online commerce big eBay has acquired KnownOrigin, a market for non-fungible tokens, or NFTs.
eBay Closed KnownOrigin Deal At this time
In a press launch as we speak, eBay mentioned that it has acquired KnownOrigin. It introduced it had closed the deal as we speak for an unknown quantity.
KnownOrigin was based in April 2018 in Manchester to assist visible artwork NFTs. In keeping with OpenSea, the gathering has 80,600 objects and has moved 8300 ETH ($8.8 million). Gadgets within the assortment are owned by 13,400 people.
EBay CEO Jamie Iannone mentioned in an announcement that eBay is a “first stop” for e-commerce. He added that as we speak’s acquisition of KnownOrigin will permit it to “remain a leading site as our community is increasingly adding digital collectibles.”
David Moore, co-founder of KnownOrigin cited the “reach and experience of eBay” as the rationale his firm made the deal. Moore famous that cooperation will permit it to “attract a new wave of NFT creators and collectors.”
Experiences from TechCrunch counsel that KnownOrigins’s co-founders—Andy Grey, David Moore, and James Morgan—will all be part of eBay. The phrases of the deal reportedly embrace the corporate’s mental property and its whole crew.
Different Websites Are Supporting NFTs
E-commerce websites appear to be a pure match for managing the sale of non-fungible tokens, and a number of other corporations throughout the business are exploring the chance.
eBay has been progressively integrating blockchain for over a yr. The agency introduced that it could start NFT integration in Could 2021 and introduced a digital pockets in March 2022. It additionally launched its personal sports activities NFT assortment on Polygon final month.
Additionally as we speak, eBay competitor Shopify revealed that it’s going to introduce NFT-gated storefronts accessible solely to sure token holders. Shopify first introduced NFT assist in July 2021.
Alibaba affiliate Alipay started to work with NFTs in 2021. Amazon CEO Andy Jassy hinted at NFT gross sales this April.
Exterior of e-commerce, Uniswap has simply introduced that it’s going to purchase the NFT market Genie.
Disclosure: On the time of writing, the creator of this piece owned BTC, ETH, and different cryptocurrencies.