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eBay acquires platform for buying and selling NFT…Details here

eBay acquires platform for buying and selling NFT…Details here

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Answer eBay acquires platform for buying and selling NFT…Details here

The non-fungible token space continues to attract the interest of individual and institutional investors alike.

According to the announcement Spread Yesterday, Wednesday, the American e-commerce company eBay acquired the “KnownOrigin” platform, which is one of the best NFT marketplaces.

The acquisition is part of the technology-led reshaping and reimagining of the company, the press release said.

The financial terms of the deal were not disclosed.

Jimmy Lannon, CEO of eBay, said the e-commerce giant is looking forward to welcoming a passionate community of artists and collectors.

The “KnownOrigin” NFT buying and selling platform was launched in 2018, making it one of the oldest marketplaces worldwide.

Read:How much bitcoin does an individual need to become a bitcoin whale?

The Manchester-based startup has secured £3.5m in funding after completing its first round in February.

It is worth noting that eBay previously launched its first collection of NFTs last month in partnership with “OneOf”, another NFT platform.

The company updated its policy to facilitate NFT sales last May.

Lannon has repeatedly stated that the company is exploring cryptocurrency payments, but the San Jose, California-based company has not yet adopted it.

The e-commerce giant, which emerged at the height of the internet frenzy in the late 1990s, has been toying with the idea of ​​embracing bitcoin since 2013.
Coinciding with the acquisition announcement, eBay shares rose nearly 1.99%, peaking at $43.

Read:7 Popular Payment Gateways for Using Bitcoin and Cryptocurrency for Purchases

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