“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 and, with this acquisition, we will remain a leading site as our community is increasingly adding digital collectibles,” said Jamie Iannone, CEO.

Revealing a £3.3 million funding round in February, it said the platform had generated more than £20m in the previous 12 months and seen a tenfold increase in unique collectors and creators.ĮBay, which has allowed the buying and selling of NFTs since May 2021, said the acquisition was an important step in its tech-led reimagination – ‘ushering in a new era of digital collecting to the world’s top destination for collectibles’. KnownOrigin has also worked with brands such as Adobe, Adidas and Netflix and developed a royalties system that allows artists to earn money through secondary sales. In addition to buying at the asking price, users can bid on artworks, while artists can also control pricing models and gift NFTs. It facilitates purchases via its smart contract platform and protocol, allowing the artist to receive instant remuneration. It showcases and sells digital artwork in the same way as physical pieces.īuilt on the Ethereum blockchain, it also serves as a direct link between artists and the NFT space. KnownOrigin was one of the first NFT art platforms to launch. Launched out of a basement in 2018, KnownOrigin enables artists and collectors to create, buy and resell non-fungible tokens via blockchain-support transactions.

Technology giant eBay has swooped to acquire Manchester-based NFT marketplace KnownOrigin. Cryptocurrency Deals FinTech MediaTech Retail

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