eBay announced that it recently acquired NFT marketplace KnownOrigin. eBay has not confirmed the financial details of the purchase. However, KnownOrigin is one of the largest active NFT marketplaces with over $7.8 million in confirmed transactions. KnownOrigin said it is excited about this partnership because it will allow companies to bring more creators and collectors into the NFT space.
Through this partnership, KnownOrigin NFTs will be able to list on the eBay digital marketplace in the same way as physical goods. Sellers will be able to set a strict price, a buyout price, and a starting price for bids similar to real items. This will provide more legitimacy in the NFT collection space as eBay is a big name in digital commerce.
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