eBay is acquiring NFT marketplace KnownOrigin
Today, eBay bought the NFT marketplace KnownOrigin, which is the biggest step it has taken so far into the world of digital collectibles. The online auction company won’t say how much the deal is worth, but they did say in a press release that the deal is done as of June 21.
David Moore, a co-founder of KnownOrigin, said, “This partnership will help us bring in a new wave of NFT creators and collectors.”
DappRadar says that KnownOrigin is No. 12 on the list of all-time trading volume for Ethereum-backed NFTs at $7.8 million. It calls itself “one of the world’s first and largest NFT Marketplaces.” OpenSea, which is ranked No. 1 and is one of the most popular marketplaces, has an all-time trading value of $30.43 billion, while Decentraland, which is ranked No. 8, has a value of $155.66 million.
Last year, eBay began letting NFT sales happen on its site. With the purchase of KnownOrigin, eBay will be able to run a real digital marketplace where NFT transactions can be mon…
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