KnownOrigin is a marketplace for non-fungible tokens (NFTs) that allows artists to create, purchase, and sell digital items. eBay made the announcement today that it has acquired KnownOrigin.
This year has seen a number of corporations provide financial backing for the metaverse, the most recent of which is the global commerce leader’s investment in Web3.
“eBay is the first stop for people all over the world who are searching for that perfect, hard-to-find, or unique addition to their collection,” stated Jamie Iannone, CEO of eBay. “With this acquisition, we will remain a leading site as our community is increasingly adding digital collectibles,” Iannone added. “eBay is the first stop for people all over the world who are searching for that perfect, hard-to-find, or unique addition to their collection.”
“KnownOrigin has built up a remarkable, enthusiastic, and dedicated network of artists and collectors, which makes them the perfect complement to our community of sellers and buyers. We are excited to have these pioneers join the eBay community, and we can’t wait to meet them all!”
According to the firm, eBay made investments in technical changes in May of 2017 to make purchasing and selling NFTs on the platform easier. As a result, eBay began allowing NFTs to be purchased and sold on the platform
The co-founder of KnownOrigin, David Moore, stated that they believe that “as interest in NFTs continues to expand, now is the perfect time for us to join with a company that has the reach and knowledge of eBay.” We have spent over twenty-five years cultivating communities of like-minded individuals, and we are thrilled by the opportunity to bring an entirely new audience along on this adventure.
“This is the beginning of a new chapter in the story of KnownOrigin, and we couldn’t have chosen a better time to focus on expanding and creating alongside the team at eBay,” said the CEO of KnownOrigin.
Moore stated that the purpose behind the establishment of KnownOrigin was to give creators and collectors the ability to buy and sell certified digital artifacts on their platform in order to give them more power.
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