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eBay Buys NFT Platform KnownOrigin

source-logo  bctd.news 22 June 2022 12:16, UTC

International e-commerce platform eBay revealed acquiring the NFT marketplace KnownOrigin, which provides artists an environment to create digital assets in the form of non-fungible tokens.

The announcement about the acquisition said that with the purchase eBay is opening a new era of digital assets. eBay Chief Executive Officer Jamie Iannone said the community is continuously adding digital collectibles, and eBay is encouraging innovators.

The company has implemented essential upgrades to the company's tech, performance and user experience.

It included tools that make it more simple to explore, sell or buy anything. eBay started enabling NFTs in May 2021, becoming the first online marketplace to do so.

eBay is purchasing KnownOrigin and the firms have signed an agreement. David Moore, one of the founders of KnownOrigin noted as interest in NFTs grows, the company found it’s the high time for the collaboration. He added the collaboration will help attract more people interested in NFTs.

The NFT marketplace noted that the collaboration will allow more creators and collectors into the space helping the company to educate and inspire the next million creators.

bctd.news