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eBay acquires Manchester-based NFT marketplace KnownOrigin

TechCrunch | Aisha Malik | Jun 22, 2022

ebay acquires knownorigin - eBay acquires Manchester-based NFT marketplace KnownOrigineBay announced today that it’s acquiring Manchester-based NFT marketplace KnownOrigin.

  • The financial terms of the deal were not disclosed. eBay says the companies have signed and closed the deal as of June 22nd.
  • KnownOrigin was founded in 2018 by Andy Gray, David Moore and James Morgan. All three co-founders are joining eBay. The platform enables artists and collectors to create, buy and resell NFTs. eBay say it’s acquiring the entire company, including IP and the team. 
  • The acquisition comes a month after eBay launched its first collection of NFTs in partnership with web3 platform OneOf.
  • The company’s new “Genesis” NFT Collection will feature 3D and animated interpretations of the iconic athletes featured on Sports Illustrated covers over the years. eBay says the surge in the collectibles market led to its first collaboration in the NFT space.

See:  EBay Scores NFT business with an assist from hockey legend Wayne Gretzky

eBay CEO Jamie Iannone:

eBay 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.  KnownOrigin has built up an impressive, passionate and loyal group of artists and collectors making them a perfect addition to our community of sellers and buyers. We look forward to welcoming these innovators as they join the eBay community.

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