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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.
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.
STORY CONTINUES BELOW
Read more: Coinbase Opens NFT Marketplace to All
Oliver Knight
Oliver Knight is the co-leader of CoinDesk data tokens and data team. Before joining CoinDesk in 2022 Oliver spent three years as the chief reporter at Coin Rivet. He first started investing in bitcoin in 2013 and spent a period of his career working at a market making firm in the UK. He does not currently have any crypto holdings.
