{"id":244768,"date":"2022-06-22T20:30:44","date_gmt":"2022-06-22T19:30:44","guid":{"rendered":"https:\/\/cryptoslate.com\/?p=244768"},"modified":"2022-06-23T07:42:25","modified_gmt":"2022-06-23T06:42:25","slug":"ebay-acquires-knoworigin-marketplace-expanding-nft-business","status":"publish","type":"post","link":"https:\/\/cryptoslate.com\/ebay-acquires-knoworigin-marketplace-expanding-nft-business\/","title":{"rendered":"eBay acquires KnownOrigin marketplace, expanding NFT business"},"content":{"rendered":"<p>American e-commerce company eBay has acquired Manchester, UK-based KnownOrigin, which allows artists and collectors to create, buy and resell NFTs.<\/p>\n<p>The financial details of the deal were not disclosed in a June 22 <a href=\"https:\/\/www.ebayinc.com\/stories\/news\/ebay-acquires-leading-nft-marketplace-knownorigin\/\">press release<\/a>.<\/p>\n<p>EBay CEO Jamie Iannone said:<\/p>\n<blockquote><p>\u201ceBay 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.\u201d<\/p><\/blockquote>\n<p>KnownOrigin commented on the acquisition in a post on its <a href=\"https:\/\/knownorigin.io\/journal\/cms\/stories\/knownorigin-joins-ebay\">website<\/a> and noted eBay's culture of innovation, adding:<\/p>\n<blockquote><p>&#8220;eBay is currently undertaking a massive tech-led reimagination and we are at the heart of their vision. We\u2019re excited to see how together we can empower our existing creators and introduce a whole new global audience through this acquisition.&#8221;<\/p><\/blockquote>\n<p>KnownOrigin also said it believes the acquisition would &#8220;help bring even more creators and collectors into the space.&#8221;<\/p>\n<p>James Morgan, the co-founder, clarified the changes likely to result from the acquisition in a FAQ <a href=\"https:\/\/medium.com\/knownorigin\/ebay-knownorigin-faqs-22f54eb756c0\">post<\/a> on medium. According to the medium post, there are currently no plans to change the KnowOrigin team.<\/p>\n<p>Morgan also stated in response to a FAQ on whether KnowOrigin artists can sell on eBay that &#8220;there will be no immediate changes.&#8221;<\/p>\n<h2>A step further into Web3<\/h2>\n<p>The KnownOrigin acquisition signals eBay's continued bid to delve deep into Web3 and integrate its platform.<\/p>\n<p>Acting on the increased popularity of collectibles, the e-commerce giant launched its first <a href=\"https:\/\/www.msn.com\/en-us\/news\/other\/ebay-is-entering-the-nft-business-with-an-assist-from-hockey-legend-wayne-gretzky\/ar-AAXCB3n?ocid=msnews\">NFT collection<\/a> in May. It launched the collection dubbed &#8220;Genesis&#8221; in collaboration with OneOf, and it featured animated and 3D interpretations of the iconic athletes featured on covers of the Sports Illustrated.<\/p>\n<p>Recently, <a href=\"https:\/\/cryptoslate.com\/spotify-is-testing-new-nft-features-with-music-artists\/\">Spotify<\/a> announced that it is testing new features that would allow NFT integration, while Polygon has <a href=\"https:\/\/cryptoslate.com\/meta-taps-polygon-to-build-nft-platform-for-instagram-facebook\/\">partnered<\/a> with Meta to create an NFT platform for Instagram and Facebook.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>American e-commerce company eBay has acquired Manchester, UK-based KnownOrigin, which allows artists and collectors to create, buy and resell NFTs. The financial details of the deal were not disclosed in a June 22 press release. EBay CEO Jamie Iannone said: \u201ceBay is the first stop for people across the globe who are searching for that [&hellip;]<\/p>\n","protected":false},"author":1364,"featured_media":244842,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[35,35372,77055,76232,77252],"tags":[],"prediction_market_topic":[],"post_folder":[],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v21.9 (Yoast SEO v21.9.1) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>eBay acquires KnownOrigin marketplace, expanding NFT business<\/title>\n<meta name=\"description\" content=\"KnowOrigin said it believes the acquisition would &quot;help bring even more creators and collectors into the space.&quot;\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptoslate.com\/ebay-acquires-knoworigin-marketplace-expanding-nft-business\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"eBay acquires KnownOrigin marketplace, expanding NFT business\" \/>\n<meta property=\"og:description\" content=\"KnowOrigin said it believes the acquisition would &quot;help bring even more creators and collectors into the space.&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/cryptoslate.com\/ebay-acquires-knoworigin-marketplace-expanding-nft-business\/\" \/>\n<meta property=\"og:site_name\" content=\"CryptoSlate\" \/>\n<meta property=\"article:published_time\" content=\"2022-06-22T19:30:44+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-06-23T06:42:25+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2022\/06\/ebay-nft.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"630\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Abdulrasaq Ariwoola\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cryptoslate\" \/>\n<meta name=\"twitter:site\" content=\"@cryptoslate\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Abdulrasaq Ariwoola\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/cryptoslate.com\/ebay-acquires-knoworigin-marketplace-expanding-nft-business\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/cryptoslate.com\/ebay-acquires-knoworigin-marketplace-expanding-nft-business\/\"},\"author\":{\"@type\":\"Person\",\"@id\":\"https:\/\/cryptoslate.com\/author\/abdulrasaq-ariwoola\/#person\",\"name\":\"Abdulrasaq Ariwoola\",\"url\":\"https:\/\/cryptoslate.com\/author\/abdulrasaq-ariwoola\/\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/cryptoslate.com\/author\/abdulrasaq-ariwoola\/\"},\"image\":{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/cryptoslate.com\/author\/abdulrasaq-ariwoola\/#authorimage\",\"url\":\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2022\/06\/Abudulrasaq1.jpg\",\"contentUrl\":\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2022\/06\/Abudulrasaq1.jpg\",\"caption\":\"Abdulrasaq Ariwoola\"},\"jobTitle\":\"Journalist\",\"description\":\"Abdulrasaq is a blockchain maximalist who believes that technology is necessary for the future we are heading to. 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