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July 12, 2021
M. Moon
eBay purchases NFT art marketplace KnownOrigin
eBay truly has fully embraced non-fungible tokens: The e-commerce company has acquired KnownOrigin, an established marketplace for digital art NFTs. As CoinDesk notes, eBay hasn't disclosed how much it paid for the marketplace, but it said in its announced that the purchase is an "important step in [its] tech-led reimagination." KnownOrigin has been around since 2018 and gives artists a platform they can use to create and sell their art as NFTs in exchange for cryptocurrency payments. Based on information from DappRadar, which tracks data on decentralized apps, KnownOrigin has facilitated $7.8 million worth of NFT transactions since its inception.
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