Skip to main content

eBay buys NFT marketplace KnownOrigin

 


The large online marketplace has been dealing with non-fungible tokens (NFTs) for some time and also offers them on its website. With the purchase of the NFT marketplace KnownOrigin, eBay wants to deepen this course.


eBay announced the acquisition of KnownOrigin on June 22nd . The purchase is "an important step in eBay's tech-led reimagination that is ushering in a new era of digital collectibles" on eBay.


"eBay is the first stop for people around the world looking for that one, perfect, hard-to-find, unique addition to their collection," comments eBay CEO Jamie Iannone. The purchase of KnowOrigin helps to maintain and expand the leadership role in this area.


KnowOrigin was founded in 2018, which is a long time ago for the young, dynamic NFT division. Unlike OpenSea, for example, where every NFT that exists on certain blockchains can be traded without distinction, KnownOrigin relies more on a curated offer. As a result, the site feels less like a general store a la OpenSea and more like an art gallery.


"We founded KnownOrigin to provide artists and collectors with the opportunity to display, sell and collect unique, authenticated digital pieces," explains co-founder David Moore. With interest in NFTs growing, now is the perfect time to go further with a partner who has eBay's reach and experience. This is the beginning of a new chapter in the KnownOrigin story. "This partnership will help us attract a new wave of NFT creators and collectors."


Details about the partnership are not known. The price is not revealed, nor whether and how KnownOrigin is to be integrated into eBay. It is only known that eBay takes over both patents and copyrights as well as all employees. It is possible that the group is buying less the company and its product and more the human capital.


An FAQ from KnownOrigin's second co-founder, James Morgen, suggests that things will stay the same for now. The team will not change, the assets on KnownOrigin will be integrated into eBay over time, both platforms will set up new features. The gated community model will remain, and so on.


What is clear, however, is that eBay is serious about the NFTs. As early as May 2021, the trading platform integrated NFTs in order to maintain and expand its position among collectors and sellers of unique objects. Apparently, it's going down well with customers, eBay already has a well-stocked NFT section .


In May of this year, eBay, together with the startup OneOf, published its first own NFT collection. This is dedicated to the Canadian ice hockey player Wayne Gretzky and includes 13 animations of Gretzky on the ice rink. eBay followed suit on June 28th. With OneOf and Sports Illustrated , the trading platform publishes an NFT collection on boxing legend Muhammed Ali.


eBay 's “ tech-led reinvention ” is a little more vague. This should form the "future of eBay". It should use technology and artificial intelligence to recognize and fulfill the wishes of the users. Overall, they have already introduced "hundreds of essential changes" that may seem small on their own, but together have an enormous impact on eBay's actions. This ranges from improvements in delivery, payments, QR codes and more - not least the integration of NFTs.


This makes eBay one of the first big tech companies to jump on a business model that was born in the crypto scene. While trading in cryptocurrencies and tokens seems of little interest or even daunting for the big tech companies, NFTs arouse relatively broad interest.


For example, Instagram has also announced that it will test NFTs for selected artists in the US, and Spotify is already testing an option that would allow artists to integrate NFTs into their profiles. Possibly the solution of blockchain and tokens from direct values ​​through NFTs - such as money or securities - seems to have a liberating effect on many tech companies.

My Top Picks
Honeygain - Passive earner that pays in BTC or PayPal
MandalaExchange -The Best no KYC crypto Exchange! 
BetFury - Play And Earn BFG for daily Bitcoin and ETH dividends!
Pipeflare - Faucet that pays in ZCash and Matic, Games pay in DAI
Womplay - Mobile dApp gaming platform that rewards in EOS and Bitcoin
Cointiply - The #1 Crypto Earning Site
Torum - Join the latest Social Network and earn TRM for Free! 
LiteCoinPay - The #1 FaucetPay earner for Litecoin 
LBRY/Odysee - YouTube Alternative that lets you earn Money by viewing videos!
FaucetPay - The #1 Microwallet Platform
FREEBTC - The #1 FaucetPay earner for Satoshi's
FaucetCrypto - An earning/faucet site that pays out instantly
FireFaucet - An earning site that pays better for some than Cointiply
DogeFaucet - Dogecoin Faucet
xFaucet - BTC, ETH, LTC, Doge, Dash, Tron, DGB, BCH, BNB, ZEC, FEY - Claim every 5 minutes
Konstantinova - BTC, ETH, LTC, Doge, Dash, Tron, DGB, BNB, ZEC, USDT, FEY, 25 Claims Daily

Comments

Post a Comment

Popular posts from this blog

From offchain to offchain: Statechains meets Lightning

  Without a doubt, the most significant off-chain Bitcoin solution is the Lightning network. But in its wake, the statechain has emerged as an intriguing replacement. There is currently a proposal to link the two offchain networks. From an ocean, for example, you can see sunbeams glistening in the water, waves rippling, and possibly a jellyfish drifting toward the light. But you only see a small portion of it. The distance from the sea's surface to its bottom is hundreds of meters. It has dozens of different fish species swimming in it, crabs and starfish crawling on the bottom, shells clinging to rocks, and sea plants climbing up. A completely new world starts where your gaze diverges. You can picture a blockchain like Bitcoin, just like the sea. What you see on the outside is only a small portion of what is actually there; the set of UTXOs (coins) and transaction history that full nodes store are just the beginning of a much larger world. It's the plan, at least. With Bitcoin...
Post a Comment
Read more

Phishing attack on popular crypto sites tries to empty wallets

  Several major crypto sites such as Etherscan, CoinGecko, DeFi Pulse, and others report malicious pop-ups scammers use to try to trick users into connecting their MetaMask wallets. The phishing attack came from a domain displaying the Bored Ape Yacht Club (BAYC) logo. "We are investigating the root cause of this attack to fix the threat as soon as possible," CoinGecko founder Bobby Ong tweeted. The phishing attack appears to have been triggered by a malicious ad script from Coinzilla, a crypto ad network, according to CoinGecko. Etherscan also advises its users not to confirm any transactions that may appear on the website. The attackers attempted to use the hype around the “bored monkeys” non-fungible tokens (NFT) to gain access to the cryptocurrencies of unsuspecting website visitors. Although the websites affected by the scam attempt have reacted in the last few hours and deactivated the advertising pop-up, it is still recommended not to connect your MetaMask wallet to ne...
Post a Comment
Read more

Bored Ape Yacht Club NFTs stolen through phishing on Instagram

  Bored Ape Yacht Club ( BAYC ) developers announced on Monday that hackers have hijacked the official Instagram page of the popular NFT collection and posted links to a fake airdrop. Crypto enthusiasts who connected their MetaMask wallet to the rogue website subsequently had their Ape NFTs stolen. Apparently, the attack was planned to coincide with the one-year anniversary of the BAYC collection. This increased the "perceived credibility" of the phishing link. About 100 NFTs are said to have been stolen in the phishing attack . According to CoinGecko data , the minimum price for a BAYC NFT is 139 Ether ( ETH ) or $400,726. So if reports are correct, over $40 million worth of NFTs were stolen in the attack. These numbers are only the lowest estimate, however, as they are based on the lowest price.  At the time of writing, it was still unclear how the hackers gained access to BAYC's official Instagram account. Social media users have pointed out the importance of two-fact...
Post a Comment
Read more