EBay announces acquisition of Notre Dame’s support for NFTs This purchase is intended to help eBay enter the blockchain world and connect its users to digital collections.
EBay gets its known origin
EBay is one of the largest e-commerce platforms in the world. KnownOrigin bought it on eBay for an undisclosed amount, according to a press release on Wednesday. EBay is a platform for artists and collectors to create, buy and sell NFTs.
David Moore, co-founder of KnownOrigin, said the forum was set up to support creators and collectors “to display, sell and collect unique certified digital content.”
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“As the demand for NFTs grows, we believe it is the right time to partner with eBay Access and Experience Company.
EBay CEO Jamie Ionon talks about the growth of eBay as a traditional online marketplace. Eanon said eBay will be unique in the market by introducing unique digital collections.
“KnownOrigin has built an amazing, passionate and loyal team of artists and collectors, making them the perfect addition to our community of sellers and buyers. “We look forward to welcoming these creators into the eBay community,” Ianon added.
EBay Venture to NFTs
This purchase is in line with plans made on eBay to support technology innovation. The company uses crypto and blockchain technology to grow its business. EBay is one of the oldest ecommerce companies with a market share and General Z for thousands of years.
Earlier this year, several reports said that eBay was looking to receive cryptocurrency payments. This is due to the efforts of many companies to get their users to receive crypto payments. Ecommerce platforms have been making crypto payments to increase their user base.
One of the biggest benefits for NFTs is digital art. Over the past year, there has been an increase in digital art work at the NFT venue, with some collections trading in the millions of dollars. The platform has about 187 million active users and will help increase its size, including NFTs on eBay.
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