Today, KnownOrigin, one of the most cutting-edge non-fungible token (NFT) marketplaces, and eBay, a pioneer in global commerce that connects millions of sellers and buyers around the world, announced that eBay has bought KnownOrigin. Using the technology and platform of KnownOrigin, artists can make real, one-of-a-kind digital works of art called NFTs.
With this purchase, eBay, which is the biggest online marketplace for collectibles, will enter a new era of digital collecting. This is a big step in eBay’s tech-driven reimagining. Thanks to KnownOrigin, which was founded in Manchester, UK, in 2018, artists and collectors can now make, buy, and sell NFTs through blockchain-enabled transactions. Since it started, KnownOrigin has grown quickly because of how it has changed how NFTs are made, bought, and sold.
The CEO of eBay, Jamie Iannone, said that with this purchase, eBay will continue to be a top site as our community adds more and more digital treasures. “eBay is the first place people all over the world go when they want to find that perfect, hard-to-find, or unusual item to add to their collection,” he said. “Because KnownOrigin has brought together a group of great, passionate, and dedicated artists and collectors, they are a great fit for our community of sellers and buyers. When these people join the eBay community, we can’t wait to meet them.”
Because of eBay’s tech-driven reimagining, the company’s technology, performance, and customer experience have all gotten a lot better. There are now features that make it easier than ever to find, sell, or buy anything. As part of this, eBay started letting people buy and sell NFTs in May 2021.
David Moore, one of the co-founders of KnownOrigin, says, “We founded KnownOrigin to empower creators and collectors by giving them the ability to showcase, sell, and collect unique, authenticated digital items,” “As interest in NFTs continues to grow, we believe now is the perfect time for us to partner with a company that has the reach and experience of eBay. With more than twenty-five years building similar communities of passionate individuals, we are excited by the opportunity to bring a whole new audience on this journey. This is the start of a new chapter in the KnownOrigin story and we couldn’t choose a better time to focus on building and innovating with the team at eBay. This partnership will help us attract a new wave of NFT creators and collectors.”
About eBay
eBay Inc. (Nasdaq: EBAY) is a world leader in business so that everyone can get a chance to make money. Our technology helps millions of buyers and sellers in more than 190 marketplaces around the world, giving everyone a chance to grow and thrive. eBay is one of the biggest and busiest online markets where you can find great deals and a wide range of unusual items. It was set up in 1995 in San Jose, California. In 2021, eBay made it possible for about $87 billion worth of goods to be sold. Visit www.ebayinc.com for more information about the company and its many different online businesses.
Some of the things in this article are called “forward-looking statements” by Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Exchange Act. Forward-looking statements are often called “anticipate,” “approximate,” “believe,” “commit,” “continue,” “could,” “estimate,” “expect,” “hope,” “intend,” “may,” “outlook,” “plan,” “project,” “potential,” “should,” “would,” “will” Such forward-looking statements are eBay’s current assumptions or opinions about what might happen in the future. What actually happens could be very different from what was predicted. The reader is asked not to put too much faith in these forward-looking statements, since they are not guarantees of future results and depend on a lot of unknowns, risks, assumptions, and other things that eBay can’t control. In this paper, the forward-looking statements cover a wide range of topics, such as the expected benefits of the acquisition, which include keeping eBay’s dominance in the collectibles market and bringing new customers to the NFT market. Risks include the possibility that eBay won’t get all of the expected benefits from the purchase and that business will be disrupted after the deal. Both of these things could cause the real results to be very different from what is said in these forward-looking statements. Actual results are also affected by risks and uncertainties that are more general to eBay’s business as a whole. For example, eBay’s filings with the Securities and Exchange Commission, such as its annual report on Form 10-K for the fiscal year that ended on December 31, 2021, and subsequent quarterly reports on Form 10-Q, go into more detail about these risks and uncertainties. The forward-looking statements in the document are only true as of the date they are made. We don’t promise to change or update any forward-looking statement, unless the law says we have to.
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