eBay Acquires KnownOrigin, Aim For Improving NFT Market.
eBay's acquired with KnownOrigin's leading technology for the new wave of NFT enthusiasts.
eBay Inc. (Nasdaq: EBAY), and KnownOrigin, has successfully that eBay has acquired KnownOrigin. KnownOrigin's technology and platform provide artists a place to create unique, authentic, digital collectibles, in the form of NFTs.
The company has made an important step for eBay's, taking it to the next level of digital collectibles. in collaboration with KnownOrigin, allow many artists and collectors to create, buy and sell the NFTs through blockchain
"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," said Jamie Iannone, CEO of 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."
eBay has heavily invested in technology, performance, and customer experience, along with better tools that make it easier to discover, sell or buy anything. As a part of this, eBay began allowing the buying and listing for selling of NFTs in May 2021.
"We founded KnownOrigin to empower creators and collectors by giving them the ability to showcase, sell, and collect unique, authenticated digital items," said 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 twenty-five 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."
Details on the Transaction
eBay is acquiring KnownOrigin have signed and closed the deal as of June 22, 2022. Currently, no further detail to be disclosed
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SOURCE eBay Inc.
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