eBay Inc. (Nasdaq: EBAY) continues to deepen its footprint in digital collectables. The e-commerce giant announced on Wednesday that it has acquired the U.K-based non-fungible token (NFT) marketplace KnownOrigin. The terms of the acquisition were undisclosed.
The latest acquisition is important for eBay's tech-led reimagination as part of the company’s effort to develop a top destination platform for digital artwork collectables as well as sales.
Jamie Iannone, CEO of eBay, talked about the development: "we will remain a leading site as our community is increasingly adding digital collectables. 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."
Since established in 2018 in Manchester, UK, KnownOrigin has remained a marketplace that allows collectors and artists to create, purchase, and resell NFTs via blockchain-support transactions. Since its establishment, KnownOrigin...
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