Leading global e-commerce giant eBay (NASDAQ: EBAY) has acquired non-fungible token (NFT) marketplace KnownOrigin for an undisclosed amount. KnownOrigin was founded in 2018 and facilitated $7.8 million in volume since its launch.
According to a press release, the deal is an “important step in eBay’s tech-led reimagination, ushering in a new era of digital collecting to the world’s top destination for collectibles.” The NFT marketplace, as the release notes, allows artists and collectors to create, buy, and resell NFTs via blockchain-based transactions.
Jamie Iannone, eBay’s CEO, was quoted saying:
eBay là điểm dừng đầu tiên dành cho những người trên toàn cầu đang tìm kiếm sự bổ sung hoàn hảo, khó tìm hoặc độc đáo cho bộ sưu tập của họ và với việc mua lại này, chúng tôi sẽ vẫn là trang web hàng đầu khi cộng đồng của chúng tôi ngày càng bổ sung thêm các bộ sưu tập kỹ thuật số.
Iannone added that KnownOrign has “built up an impressive, passionate and loyal group of artists and collectors making them a perfect addition to our community of sellers and buyers.” eBay notably started letting users buy and sell NFTs on its platform back in May 2021.
The e-commerce giant released its debut collection of NFTs in partnership with Tezos- and Polygon-based NFT platform OneOf last month, while last year its CEO said that the American multinational company was considering accepting cryptocurrency payments on its platform.
The deal comes amid a cryptocurrency bear market that has seen leading cryptocurrencies lose well over half of their value. The market has now seen its total capitalization drop below the $1 trillion mark lần đầu tiên kể từ đầu năm 2021.
As reported, the world’s largest bitcoin ($BTC) spot exchange-traded fund (ETF) saw outflows of over $500 million late last week, which could have triggered the flagship cryptocurrency’s crash to a low under the $18,000 mark.
