eBay, the global e-commerce firm in its latest quest for diversification is acquiring NFT marketplace KnownOrigin. The exact cost of the deal is not known. With this acquisition the global e-commerce firm will be ushering into a new era of digital collecting. It will help eBay become the number one stop for collectibles.
eBay Sortie Into NFT With Acquisition Of Knownorigin
eBay gave details of the acquisition of leading NFT marketplace KnownOrigin in a press release on June 22, 2022. The press release said that with this it is foraging into a a new era of digital collecting.
Jamie Iannone, CEO said: “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 added that KnownOrigin is a foremost NFT marketplace that has built an inspiring, fervent, and devoted assembly of artists and collectors. Also, they are an ideal addendum to eBay’s community of sellers and buyers.
The global e-commerce firm is in a phase of metamorphosis and is upgrading its technology, performance, and customer experience. It is perfecting tools to make it more convenient for consumers to discover, sell or buy anything. The platform is already buying and selling of NFTs since May 2021. Its CEO has also hinted that in future it will also start accepting Cryptocurrencies.