eBay (EBAY) Acquires Leading NFT Marketplace, KnownOrigin - StreetInsider.com

Summary

eBay Inc. (Nasdaq: EBAY), a global commerce leader that connects millions of sellers and buyers around the world, and KnownOrigin, one of the most innovative non-fungible token (NFT) marketplaces, today announced that eBay has acquired KnownOrigin. KnownOrigin's technology and platform provides artists a place to create unique, authentic, digital collectibles, in the form of NFTs.

This acquisition is an important step in eBay's tech-led reimagination, ushering in a new era of digital collecting to the world's top destination for collectibles. KnownOrigin, which was founded in 2018 in Manchester, UK, enables artists and collectors to create, buy and resell NFTs via blockchain-support transactions. Since its founding, KnownOrigin has seen significant growth as it has revolutionized the way people create, buy, and sell NFTs.

eBay Inc. (Nasdaq: EBAY), a global commerce leader that connects millions of sellers and buyers around the world, and KnownOrigin, one of the most innovative non-fungible token (NFT) marketplaces, today announced that eBay has acquired KnownOrigin. KnownOrigin's technology and platform provides artists a place to create unique, authentic, digital collectibles, in the form of NFTs.

This acquisition is an important step in eBay's tech-led reimagination, ushering in a new era of digital collecting to the world's top destination for collectibles. KnownOrigin, which was founded in 2018 in Manchester, UK, enables artists and collectors to create, buy and resell NFTs via blockchain-support transactions. Since its founding, KnownOrigin has seen significant growth as it has revolutionized the way people create, buy, and sell NFTs.

"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," said Jamie Iannone, CEO of eBay. "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's tech-led reimagination has resulted in significant upgrades to the company's technology, performance and customer experience, including tools that make it easier than ever to discover, sell or buy anything. As a part of this, eBay began allowing the buying and selling of NFTs in May 2021.

"We founded KnownOrigin to empower creators and collectors by giving them the ability to showcase, sell, and collect unique, authenticated digital items," said David Moore, co-founder, KnownOrigin. "As interest in 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 building similar communities of passionate individuals, we are excited by the opportunity to bring a whole new audience on this journey. This is the start of a new chapter in the KnownOrigin story and we couldn't choose a better time to focus on building and innovating with the team at eBay. This partnership will help us attract a new wave of NFT creators and collectors."

Details on the Transaction

eBay is acquiring KnownOrigin and the companies have signed and closed the deal as of June 22, 2022. Further details were not disclosed.

eBay (EBAY) Acquires Leading NFT Marketplace, KnownOrigin - StreetInsider.com
Photo Credit: StreetInsider.com

Recent Ebay News Articles

Be Wary of eBay Handling Time Rules - EcommerceBytes

Some sellers are reporting eBay is now allowing them to specify a 40-day handling time, up from 30 days, and are wondering the reason for the change in a post on the eBay discussio …

Read more here
Be Wary of eBay Handling Time Rules - EcommerceBytes

Fake Australia Post worker targets eBay seller: 'It is a scam' - Yahoo News Australia

An eBay seller has been the target of a scammer posing as an Australia Post worker, who attempted to lure the man to share his payment details. The Sydney man, who sold an item to …

Read more here
Fake Australia Post worker targets eBay seller: 'It is a scam' - Yahoo News Australia

Top News Story Advises Buyers on Cancelling eBay Orders - EcommerceBytes

A headline on Google News this week read, “How to cancel order on eBay and how to contact seller” that brought visitors to an article on the USA Today website titled, “Won the auct …

Read more here
Top News Story Advises Buyers on Cancelling eBay Orders - EcommerceBytes

eBay Buyers Don't Have Control over Returning the Wrong Item? - EcommerceBytes

Dear Ina, Once or twice per year eBay hits the press boasting of their seller protection. Do they do this for Wall Street or is just an attempt to convince sellers that they are d …

Read more here
eBay Buyers Don't Have Control over Returning the Wrong Item? - EcommerceBytes

Call for new laws to ban unsafe goods being sold via marketplaces run by Facebook, Amazon and eBay - Daily Mail

A group of 70 MPs and peers are demanding new laws to ban unsafe goods being sold via online marketplaces such as those run by Facebook, Amazon, eBay and Wish.com. In a letter to …

Read more here
Call for new laws to ban unsafe goods being sold via marketplaces run by Facebook, Amazon and eBay - Daily Mail