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EBay Acquires NFT Marketplace KnownOrigin for Undisclosed Amount
The move comes one month after eBay released its debut collection of NFTs.
Updated May 11, 2023, 4:22 p.m. Published Jun 22, 2022, 1:33 p.m.
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E-commerce giant eBay (EBAY) has continued its push into digital collectibles by acquiring U.K.-based non-fungible token (NFT) marketplace KnownOrigin, according to a press release on Wednesday. Terms of the acquisition were not disclosed.
- KnownOrigin was founded in 2018 and has facilitated $7.8 million in trade volume since launch, based on figures presented by DappRadar.
- "With this acquisition, we will remain a leading site as our community is increasingly adding digital collectibles," said Jamie Iannone, CEO of eBay, in a statement.
- Last month, eBay released its debut collection of NFTs in partnership with Tezos- and Polygon-based NFT platform OneOf. It began selling NFTs in in 2021.
- In February, KnownOrigin raised GBP3.5 million ($4.3 million) in a Series A round that was co-led by crypto venture capital firms GBV and Sanctor Capital.
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