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eBay bought UK-based NFT marketplace KnownOrigin, which raised $3.5 million in February, for an undisclosed sum.
KnownOrigin has amassed an impressive, ardent, and devoted group of artists and collectors, which are a perfect addition to their community of sellers and buyers, according to Jamie Iannone, CEO of eBay.
NFTs started to show up on eBay more than a year ago, and the CEO declared that it would support them. However, eBay took a whole year to drop its first NFT for hockey star Wayne Gretsky on the OneOf NFT platform.
Collectibles have always been an important segment for eBay.
Many blockchain startups like KnownOrigin are expected to be more open to selling than they were a month ago.
