eBay recently announced that it has acquired the NFT Marketplace KnownOrigin. The deal closed on June 22. The amount that was paid remains undisclosed. This is a move that makes a lot of sense for the eBay business model. Both eBay and KnownOrigin are auction websites. KnownOrigin has done a good job of growing their community. eBay is hoping to leverage that user base, along with KnownOrigin's tried-and-true processes, to pivot people over to digital collecting on the eBay platform.
eBay Acquires NFT Marketplace KnownOrigin
eBay Acquires NFT Marketplace KnownOrigin
eBay Acquires NFT Marketplace KnownOrigin
eBay recently announced that it has acquired the NFT Marketplace KnownOrigin. The deal closed on June 22. The amount that was paid remains undisclosed. This is a move that makes a lot of sense for the eBay business model. Both eBay and KnownOrigin are auction websites. KnownOrigin has done a good job of growing their community. eBay is hoping to leverage that user base, along with KnownOrigin's tried-and-true processes, to pivot people over to digital collecting on the eBay platform.