THELOGICALINDIAN - The ecommerce armpit completed the accord today for an alien amount
The web business behemothic eBay has acquired KnownOrigin, a exchange for non-fungible tokens, or NFTs.
eBay Closed KnownOrigin Deal Today
In a press release today, eBay said that it has acquired KnownOrigin. It appear it had bankrupt the accord today for an alien amount.
KnownOrigin was founded in April 2018 in Manchester to abutment beheld art NFTs. According to OpenSea, the accumulating has 80,600 items and has confused 8300 ETH ($8.8 million). Items in the accumulating are endemic by 13,400 individuals.
EBay CEO Jamie Iannone said in a account that eBay is a “first stop” for e-commerce. He added that today’s accretion of KnownOrigin will acquiesce it to “remain a arch armpit as our association is more abacus agenda collectibles.”
David Moore, co-founder of KnownOrigin cited the “reach and acquaintance of eBay” as the acumen his aggregation fabricated the deal. Moore acclaimed that cooperation will acquiesce it to “attract a new beachcomber of NFT creators and collectors.”
Reports from TechCrunch advance that KnownOrigins’s co-founders—Andy Gray, David Moore, and James Morgan—will all accompany eBay. The agreement of the accord reportedly accommodate the company’s bookish acreage and its absolute team.
Other Sites Are Supporting NFTs
E-commerce sites assume to be a accustomed fit for managing the auction of non-fungible tokens, and several firms aural the industry are exploring the opportunity.
eBay has been gradually amalgam blockchain for over a year. The close appear that it would activate NFT affiliation in May 2021 and appear a agenda wallet in March 2022. It additionally launched its own sports NFT accumulating on Polygon last month.
Also today, eBay adversary Shopify revealed that it will acquaint NFT-gated storefronts attainable alone to assertive badge holders. Shopify aboriginal appear NFT abutment in July 2021.
Alibaba associate Alipay began to assignment with NFTs in 2021. Amazon CEO Andy Jassy hinted at NFT sales this April.
Outside of e-commerce, Uniswap has aloof announced that it will access the NFT exchange Genie.
Disclosure: At the time of writing, the columnist of this allotment endemic BTC, ETH, and added cryptocurrencies.
