E-commerce giant Ebay acquires NFT marketplace Knownorigin

E-commerce and online auction giant Ebay has announced that the company has acquired Knownorigin, a marketplace for non-fungible tokens (NFTs). Ebay touted the acquisition as “an important step in Ebay’s technology-led reimagining.”

Ebay acquires NFT marketplace to make e-commerce site the go-to destination for global collectibles

ebay disclose On Wednesday, the company bought the NFT marketplace known origin. Last February, Ebay CEO Jamie Iannone, discussed NFTs, cryptocurrencies, and how companies continue to “evaluate other forms of payments.” Knownorigin is a UK-based company, according to dappradar.com Statisticsthe market’s historical sales reached $7.8 million.

The e-commerce and online auction company said Wednesday that the acquisition is “an important step in Ebay’s technology-led reimagining, ushering in a new era of digital collecting for the world’s top collectibles destination.” CEO Jamie Iannone also said Talked about the acquisition and said that the NFT market is a leader in the digital collectibles industry. However, Ebay did not disclose the financials behind the deal, which the company said was signed and closed on June 22, 2022.

“Ebay is the world’s first stop for people looking for the perfect, hard-to-find or unique collectibles, and with this acquisition, we will continue to lead as our community increasingly adds digital collectibles,” Iannone said in a statement. explained in a statement. The eBay CEO added:

Knownorigin has built an impressive, passionate and loyal community of artists and collectors, making them the perfect addition to our community of buyers and sellers. We look forward to welcoming these innovators to the Ebay community.

Ebay acquires Knoworigin Crypto Winter, and at a time when many thought there would be quite a bit of mergers and acquisitions within the crypto industry. During the first week of June, Ripple Labs CEO Brad Garlinghouse Say: “I think there will be an increase in mergers and acquisitions in the blockchain and crypto space.” Also, Sam Bankman-Fried, CEO of FTX explain At the end of May, FTX was preparing to deploy billions of dollars in acquisitions.

Two days before the acquisition of Knoworigin, Uniswap Labs, the company that operates the decentralized exchange (dex) Uniswap, Announce It acquired Genie, an NFT aggregation platform. “To achieve our mission of unlocking universal ownership and exchange, today we are expanding our offering to include ERC-20 and NFTs,” Uniswap Labs detailed. “We are pleased to announce that we have acquired Elf, the first NFT market aggregator where anyone can discover and trade NFTs on most platforms. “

tags in this story

Brad Garlinghouse, ebay, eBay CEO, ebay encryption, ebay nfts, Elf, Jamie Ianno, known origin, Well, M&A, nft, NFT market, NFT sales, NFT, Sam Bankman-Fried, UK based company, unified exchange

What do you think of Ebay’s acquisition of Knoworigin? Let us know what you think about this topic in the comments section below.

Jamie Redman

Jamie Redman is Head of News at Bitcoin.com News and a fintech reporter based in Florida. Redman has been an active member of the cryptocurrency community since 2011. He is passionate about Bitcoin, open source code and decentralized applications. Since September 2015, Redman has written over 5,000 articles for Bitcoin.com News on the disruptive protocols emerging today.

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