EBay Purchases NFT Art Marketplace KnownOrigin

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eBay truly has fully embraced non-fungible tokens: The e-commerce company has acquired KnownOrigin, a longtime marketplace for digital artwork NFTs. As CoinDesk notes, eBay hasn't disclosed how a lot it paid for the marketplace, but it mentioned in its announced that the acquisition is an "essential step in [its] tech-led reimagination." KnownOrigin has been round since 2018 and gives artists a platform they'll use to create and promote their art as NFTs in exchange for cryptocurrency funds. Primarily based on data from DappRadar, which tracks data on decentralized apps, KnownOrigin has facilitated $7.8 million price of NFT transactions since its inception.

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