Popular online retailer eBay takes its step into blockchain by acquiring knownOrigin a marketplace from NFT

In a recent press release, eBay has announced the acquisition of one of the leading NFT platforms, KnownOrigin as part of the “technology-led reimagination”

KnownOrigin was founded in 2018, this is a marketplace that allows you to create, buy and resell NFT. For the online marketplace giant, this is the way to expand into the NFT space following its first step in May 2021 to enable NFT to buy and sell services from its website.

eBay CEO Jamie Iannone expects the company to become a leading site for access to digital collectibles and efforts to expand this vision by welcoming innovative NFT artists as they join the eBay community.

David Moore, the co-founder of KnownOrigin, commented that this partnership would help the NFT marketplace attract and encourage all the artists out there who haven’t made the leap into this new type of art.

eBay last month unveiled its first NFT collection in partnership with OneOf, which will be released throughout 2022, its art is comprised of animations of high-profile athletes who have appeared on the covers of Sports Illustrated.

The e-commerce will likewise work on incorporating more cryptocurrency features, and its own digital wallet.

The deal was signed yesterday but details of the purchase have not been disclosed. So these days, we expect to have more information about this new step for a recognized company in the blockchain world. We hope that this will motivate more and more companies to do the same and that cryptocurrency transactions will become more and more common, bringing closer to all those who are still afraid of this world.