eBay, the world-leading global commerce company, has bought the NFT marketplace, KnownOrigin. In a message via the official eBay website, they confirmed the purchase for an undisclosed fee. The news comes less than a month after eBay launched its first NFT collection in May.
eBay buys NFT marketplace for the future
The sale of the KnownOrigin NFT marketplace to eBay is a crucial step for the huge company. They are undergoing a web3 revolution at eBay to keep ahead of the times. Recently, eBay has modernised the entire company from top to bottom.
In addition, this includes technology upgrades, enhancing the customer experience and new tools to find, buy and sell on the site. Significantly, eBay plans to become one of the world’s top destinations for NFTs.
“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. With this acquisition, we…