eBay buys NFT marketplace KnownOrigin, but what does it mean?

Major retail platforms have danced around NFTs for the last year. The likes of Epic Games Store have offered mixed signals, but not so eBay. Today it's taken the leap and bought one of the biggest and most respected NFT marketplaces around. And its undisclosed offer for KnownOrigin is sending ripples through the metaverse.

KnownOrigin is one of the most recognised NFT marketplaces. The platform, which offers artists and creators a space to sell, resell and collect NFTs, is ranked 12th in the world for trading volume, according to crypto tracking site DappRaadar. The deal with eBay means the auction platform will own everything, including KnownOrigin's tech, IP and team.

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Ian Dean
Editor, Digital Arts & 3D

Ian Dean is Editor, Digital Arts & 3D at Creativebloq, and the former editor of many leading magazines. These titles included ImagineFX, 3D World and leading video game title Official PlayStation Magazine. In his early career he wrote for music and film magazines including Uncut and SFX. Ian launched Xbox magazine X360 and edited PlayStation World. For Creative Bloq, Ian combines his experiences to bring the latest news on AI, digital art and video game art and tech, and more to Creative Bloq, and in his spare time he doodles in Procreate, ArtRage, and Rebelle while finding time to play Xbox and PS5. He's also a keen Cricut user and laser cutter fan, and is currently crafting on Glowforge and xTools M1.