eBay announced on Wednesday June 22, 2022 theacquisition of KnownOrigin, as part of its transition to Web3. While financial details of the deal were not disclosed, eBay said the deal includes the sale of the entire business of NFT and its team.

    eBay offers itself an NFT giant

    eBay has confirmed its desire to invest in Web3 technology, by acquiring a big name in NFT, KnownOrigin. Created in Manchester in 2018, this company founded by Andy Gray, David Moore and James Morgan, specializes in the creation and trade of artistic non-fungible tokens. Through the experience it has accumulated over the years, the platform will benefit eBay in its global project of technological innovations.

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    eBay is the first stop for people around the world looking for that perfect, hard-to-find, or unique addition to their collection. […] With this acquisition, we will remain a leading site as our community adds more and more digital collectibles commented Jamie, CEO of the company.

    He also praised the quality and inspiration of the team which matches eBay’s expectations: ” 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 to the eBay community. “.

    An opportunity to attract a new wave of NFT creators and collectors

    KnownOrigin was also enthusiastic about the agreement sealed between the two companies. Its co-founder David Moore said the time was right “to partner with a company that has the reach and experience of eBay” and that this partnership will help ” attract a new wave of NFT creators and collectors. »

    KnownOrigin has enabled artists and collectors to create and sell unique and authentic digital art works secured by the Ethereum Blockchain. With eBay, this will be an opportunity to bring a whole new audience on this journey “, adds David Moore.