American e-commerce firm eBay has acquired Manchester, UK-based KnowOrigin, which permits artists and collectors to create, purchase and resell NFTs.
The monetary particulars of the deal weren’t disclosed in a June 22 press launch.
EBay CEO Jamie Iannone mentioned:
“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.”
KnowOrigin commented on the acquisition in a publish on its web site and famous eBay’s tradition of innovation, including:
“eBay is currently undertaking a massive tech-led reimagination and we are at the heart of their vision. We’re excited to see how together we can empower our existing creators and introduce a whole new global audience through this acquisition.”
KnowOrigin additionally mentioned it believes the acquisition would “help bring even more creators and collectors into the space.”
James Morgan, the co-founder, clarified the modifications more likely to consequence from the acquisition in a FAQ publish on medium. According to the medium publish, there are presently no plans to vary the KnowOrigin crew.
Morgan additionally acknowledged in response to a FAQ on whether or not KnowOrigin artists can promote on eBay that “there will be no immediate changes.”
A step additional into Web3
The KnowOrigin acquisition indicators eBay’s continued bid to delve deep into Web3 and combine its platform.
Acting on the elevated recognition of collectibles, the e-commerce big launched its first NFT assortment in May. It launched the gathering dubbed “Genesis” in collaboration with OneOf, and it featured animated and 3D interpretations of the enduring athletes featured on covers of the Sports Illustrated.
Recently, Spotify introduced that it’s testing new options that might enable NFT integration, whereas Polygon has partnered with Meta to create an NFT platform for Instagram and Facebook.
