eBay snaps up NFT marketplace startup KnownOrigin
eBay has announced the acquisition of KnownOrigin, a nonfungible token (NFT) marketplace.
Financial terms of the deal were not disclosed.
KnownOrigin, which was founded in 2018 in Manchester, UK, enables artists and collectors to create, buy and resell NFTs via blockchain supported transactions.
eBay began allowing the buying and selling of NFTs in May 2021.
"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," says Jamie Iannone, CEO at eBay.
"KnownOrigin has built up an impressive, passionate and loyal group of artists and collectors making them a perfect addition to our community of sellers and buyers. We look forward to welcoming these innovators as they join the eBay community."
"We founded KnownOrigin to empower creators and collectors by giving them the ability to showcase, sell, and collect unique, authenticated digital items," says David Moore, Co-founder, KnownOrigin.
"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. With more than 25 years building similar communities of passionate individuals, we are excited by the opportunity to bring a whole new audience on this journey.”
“This is the start of a new chapter in the KnownOrigin story and we couldn't choose a better time to focus on building and innovating with the team at eBay. This partnership will help us attract a new wave of NFT creators and collectors."
