Global e-commerce agency eBay on Wednesday stated it has acquired NFT market KnownOrigin for an undisclosed quantity. The acquisition will assist eBay take an essential step in its mission to enter a brand new period of digital accumulating to grow to be the world’s prime vacation spot for collectibles.
eBay Foray Deeper into NFT With Acquisition of KnownOrigin
eBay in a press release on June 22 stated it has acquired the main NFT market KnownOrigin to breakthrough into a brand new period of digital accumulating.
Jamie Iannone, CEO of eBay, stated:
“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.”
Moreover, he believes KnownOrigin is a number one NFT market that has constructed a formidable, passionate, and dependable group of artists and collectors. Also, they’re an ideal addition to eBay’s neighborhood of sellers and patrons.
eBay is at the moment present process tech-led reimagination for upgrading the corporate’s know-how, efficiency, and buyer expertise, together with instruments to make it simpler for individuals to find, promote or purchase something. In truth, eBay’s CEO hinted at accepting crypto payments because the platform already accepted shopping for and promoting of NFTs in May 2021.
Commenting on the success of KnownOrigin and the acquisition, David Moore, co-founder, KnownOrigin, stated:
“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.”
He additionally thinks the partnership will assist entice new NFT creators and collectors.
KnownOrigin’s Success Amid NFT Hype
KnownOrigin has established itself as one of many profitable NFT marketplaces in attracting prime artists and collectors. It has additionally partnered with main firms comparable to Adidas, Netflix, and Adobe.
In February this 12 months, KnownOrigin raised $4 million in its Series A funding spherical. The funding was co-led by enterprise capital corporations GBV and Sanctor Capital, in participation from Cultur3 Capital, D1 Ventures, MetaCartel Ventures DAO, LD Capital, Pluto Digital and Future Arts, Colborn, and Yin Cao.
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