EBay Acquires NFT Marketplace KnownOrigin for Undisclosed Amount

E-commerce giant eBay (EBAY) has proceeded with its drive into advanced collectibles by getting U.K.- based NFT commercial center KnownOrigin.

KnownOrigin was established in 2018 and has worked with $7.8 million in exchange volume since send off, in light of figures introduced by DappRadar.

With this securing, we will stay a main site as our local area is progressively adding computerized collectibles," said Jamie Iannone, CEO of eBay, in a proclamation.

Last month, eBay delivered its presentation assortment of NFTs in organization with Tezos-and Polygon-based NFT stage OneOf. It started selling NFTs in 2021.

In February, KnownOrigin raised £3.5 million ($4.3 million) in a Series A round that was co-driven by crypto funding firms GBV and Sanctor Capital.