eBay Confirms the Acquisition of NFT Marketplace KnownOrigin

eBay recently announced the purchase of the U.K-based non-fungible token (NFT) marketplace, KnownOrigin, for an undisclosed fee.

Jun 28, 2022
by Michael
eBay Confirms the Acquisition of NFT Marketplace KnownOrigin
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Popular e-commerce company eBay, has secured the ownership of one of the world's first and largest NFT marketplaces, KnownOrigin, for an undisclosed amount. The deal was signed and sealed by both companies on the 22nd of June.

Read on to get the full details of eBay's recent acquisition. 

eBay Acquisition of KnownOrigin 

eBay is an American multinational e-commerce platform based in San Jose. It is one of the major platforms that enable people to trade non-NFT gaming assets. 

The e-commerce platform is now the current owner of one of the largest NFT marketplaces, KnownOrigin. The platform's acquisition of KnownOrigin comes a month after eBay introduced its debut collection of NFTs.

KnownOrigin is one of the world's first and largest NFT Marketplaces based on the Ethereum Blockchain. It enables its users to discover, collect, buy, and sell NFTs. With this recent acquisition, eBay now stands a high chance of becoming a major marketplace for buying and selling NFT gaming assets. 

Speaking about the acquisition, eBay CEO, 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.”

Following the KnownOrigin acquisition, eBay has the opportunity of controlling a formal online marketplace where NFT tradings can be scrutinized and monitored. 

In addition, registered traders on the eBay platform can now list NFTs for sale by applying the same format used in listing physical items. 

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