EBay Announces Acquisition of NFT Marketplace, KnownOrigin

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A leading company in the E-commerce sector globally, EBay has announced the acquisition of knownOrigin, a foremost Non Fungible tokens marketplace.

The acquisition of the company was announced by the two companies in a statement on Wednesday.

Founded in the Unted Kingdom in 2018, KnownOrigin is a marketplace that allows artists and collectors to create, buy and resell NFTs through transactions backed by blockchain.

KnownOrigin was founded in 2018 and has facilitated $7.8 million in trade volume since launch, based on figures presented by DappRadar.

It has since grown to be regarded as one of the most innovative NFTs Marketplace in the industry, recording significant growth as it changed the nature of the marketplace.

Since it’s launch, data from DappRadar indicated that it had facilitated transaction volume worth roughly $7.8 million.

Speaking on the development, the chief executive officer at eBay, Jamie lannone noted that with the acquisition, the company has now taken the next and very significant step towards becoming a force to reckon with in the digital collectibles space, a

“With this acquisition, we will remain a leading site as our community is increasingly adding digital collectibles,” Iannone was quoted saying in a statement released by the company.

This, he explained further, is inevitable because eBay is already the first stop for individuals who are searching for that perfect, hard-to-find, or unique addition to their collection across the globe.

On his own part, one of KnownOrigin’s Co-founder, David Moore, explained that the company was originally created to empower creators and collectors by giving them the ability to showcase, sell, and collect unique, authenticated digital items.

He explained further that this drive is what has informed their decision to enter the partnership

“With more than twenty-five years building similar communities of passionate individuals, we are excited by the opportunity to bring a whole new audience on this journey,” Moore said.

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