KnownOrigin

KnownOrigin is one of the world's first and largest NFT marketplaces, built on the Ethereum blockchain. The platform gives artists the ability to create unique, authentic digital collectibles in the form of NFTs. The service makes it easier for creators to authenticate, showcase and sell the digital artworks they produce. The company specializes in rare digital art and collectible NFTs that use blockchain to confirm ownership of digital items on social media, gaming and the metaverse.

History

2022: eBay bought KnownOrigin

On June 22, 2022, eBay announced the purchase of the KnownOrigin NFT marketplace. The company did not disclose the value of the transaction. KnownOrigin presents itself as a non-interchangeable token (NFT) platform.

{{quote'With this acquisition, EBay will remain a leading site as our community becomes increasingly populated with digital collectibles. KnownOrigin has brought together an impressive, passionate and loyal group of artists and collectors, making them a great addition to our community of sellers and buyers, "said eBay Chief Executive Officer Jamie Iannone. }}

eBay bought the NFT marketplace

According to the NFT markets tracker DappRadar, by June 23, 2022, KnownOrigin is the 12th largest NFT marketplace, with 5,189 NFTs sold at a total value of $7.8 million. The site allows artists to sell the work they create as verified digital assets using blockchain technology that makes digital ownership possible. Using the service, artists can digitally sign their work by creating a tokenized certificate, allowing them to attract and sell their work to a global audience. According to Pitchbook, KnownOrigin raised $6.22 million. Investors include Cross Culture Ventures, D1Ventures, Genesis Block Ventures, LD Capital and MetaCartel Ventures.

EBay describes the acquisition as an important step in its technological reinvention, opening up new opportunities for digital collectibles on the world's premier collectible marketplace.^[1]

Notes