eBay purchases NFT art marketplace KnownOrigin
notes, eBay hasn't disclosed how much it paid for the marketplace, but it said in its announced that the purchase is an"important step in [its] tech-led reimagination." KnownOrigin has been around since 2018 and gives artists a platform they can use to create and sell their art as NFTs in exchange for cryptocurrency payments. Based on information from
, which tracks data on decentralized apps, KnownOrigin has facilitated $7.8 million worth of NFT transactions since its inception. "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.
eBay made its first foray into NFTs as part of its"tech-led reimagination" last year. It allowed the sale of NFTs on its platform in May 2021 for sellers that meet the company's standards. Back then, it told
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