eBay acquires KnownOrigin, expanding its foray into NFTs and blockchain
eBay, an e-commerce giant, has announced the acquisition KnownOrigin, a nonfungible token (NFT) marketplace that will help the e-commerce company foray further into the world of blockchain technology and digital collectibles.According to a press release on Wednesday, Manchester-based KnownOrigin has been purchased for an undisclosed amount.
The firm enables artists and collectors to create, purchase and resell NFTs via blockchain-enabled transactions. KnownOrigin co-founder David Moore in a statement said that the company was founded to "empower creators and collectors by giving them the ability to showcase, sell and collect unique, authenticated digital items," adding that:eBay began allowing users to buy and sell NFTs in May of last year, at a time when increasing public interest in digital collectibles resulted in precipitous price increases.
Read more on cointelegraph.com
![Cardano [ADA] forms a triangle pattern- Assessing if gains can be attained](https://fvbb.com/storage/thumbs_400/img/2022/6/25/30588_ckb.jpg)
![Ethereum’s [ETH] momentum towards equilibrium position could mean…](https://fvbb.com/storage/thumbs_400/img/2022/6/25/30582_ahk.jpg)
![Bitcoin [BTC]: Miners may be capitulating, but is that all there is to it](https://fvbb.com/storage/thumbs_400/img/2022/6/26/30643_72m.jpg)