Just How Will Ebay.com Leverage Its Acquisition Of NFT Marketplace KnownOrigin? - EcommerceBytes

Just How Will Ebay.com Leverage Its Acquisition Of NFT Marketplace KnownOrigin? – EcommerceBytes

eBay
How Will eBay Leverage Its Acquisition of NFT Marketplace KnownOrigin?

ebay.com has actually aspired to take advantage of the buzz around NFTs, and also today it introduced it got KnownOrigin, a market for dealing electronic antiques. (NFT is brief for Non-Fungible Token, a distinct electronic property backed by the blockchain.)

While ebay.com significantly limits the sale of electronic downloads on its industry, in 2015 it revealed it would certainly enable “relied on vendors” to note NFTs on ebay.com. And also last month, it participated in a partnership with a firm called OneOf to market NFTs on the ebay.com market.

ebay.com does not clearly state whether it will certainly utilize KnownOrigin’s modern technology and also experience to service making the ebay.com system NFT-friendly or if ebay.com will merely press customers to KnownOrigin for NFT acquisitions.

In a LinkedIn article, KnownOrigin composed, “We are delighted to share the information that we have actually signed up with ebay.com to aid lead their NFT as well as electronic antiques technique with the goal to develop out their web3 abilities.”

Here’s what ebay.com CEO Jamie Iannone claimed in today’s statement of the purchase:

” ebay.com is the initial quit for individuals around the world that are looking for that excellent, hard-to-find, or one-of-a-kind enhancement to their c