Press release just announced that eBay is buying KnownOrigin NFT Marketplace (a Manchester-based marketplace). The sum to be paid for this transaction has not been disclosed yet. The deal has been signed and closed on 22 June this year.
“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,” Jamie Iannone reported.
KnownOrigin NFT Marketplace
“We founded KnownOrigin to empower creators and collectors by giving them the ability to showcase, sell, and collect unique, authenticated digital items,” David Moore reported.
James Morgan, Andy Gray and David Moore founded the KnownOrigin NFT Marketplace in 2018. The three founders are also joining eBay once the purchase transaction has been concluded. KnownOrigin NFT Marketplace is a platform where users can create, buy, and sell NFTs. For this reason, eBay has decided to acquire everything including the team, IP and entire company.
This acquisition is taking place a month after the partnership of eBay and one of has launched a new collection of NFTs. The first NFT collection to be launched after this acquisition will feature animated interpretations and 3D features of athletes who have featured in sports for the past years.
Jamie Iannone further commented, “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 to work extra hard to compete with some crypto NFT Marketplaces. This acquisition of KnownOrigin NFT Marketplace shows that eBay is getting serious about its online presence and the digital world. This deal will empower a new creation of NFTs on a combined partnership of eBay’s online reputation and KnownOrigin’s leading technology.
eBay brings in a new wave of technology, upgrades in customer satisfaction services and performance, tools that make it easier for users to discover, create, buy and sell NFTs on the new platform. This is because eBay has created a stable technology over the past years that enables millions of buyers and sellers from more than 190 markets All over the world to trade and earn money.
“As the interest of 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 of building similar communities of passionate individuals, we are excited by the opportunity to bring a whole new audience on this journey,” David Moore said.
The acquisition of KnownOrigin NFT Marketplace by eBay is a good move because the NFT marketplace has managed to create a large trading volume of $7.8 million with an average price of $353.51. The founders of KnownOrigin have also reported that they are excited about this new development since it will bring an opportunity for a new audience and an exciting journey in the digital space world.