NFT Market: eBay Announces Its Market Boost Through KnownOrigin.io
One of the American multinational e-commerce firms known as eBay has made move on embracing the work of art through NFTs but has not mentioned how It could be for the marketplace on price. The eBay officials just said it as an announcement which is expected to be an open door boost for its tech-led reimagination.
Engadget reported that the move of eBay in the new NFT’s work of art was embraced by the multinational e-commerce company to give an open room for artists across the globe to have where they will be opportune to create and sell their artwork as NFT’s for cryptocurrency exchange online platform payment. CoinDesk pointed out that eBay also noted that they understood NFTs and have to abduct them because they knew that it has already been in circulation since 2018.
Following the report from Engadget, the eBay CEO known as Jamie Iannone has stated that its e-commerce multinational company is regarded as the first to allow people across the globe that are recently looking for a perfect place to deal with their collection. He also noted that his company abducted art as an NFT exchange for cryptocurrency payment in order to save the global NFT holders the stress of looking for where and how to sell. The eBay CEO continued to boost its company as he stated that his company will continue to be at the top of NFT’s marketplace as they keep gaining ground across the globe with the daily increase of collectibles.
https://twitter.com/lp_gavriluk/status/1539898981395755008?s=20&t=0CvP-hKfI8luT-Ko3mF4oA
B2C reported that bought KnownOrigin which they describe as the leading technology which encompasses a marketplace for innovative non-fungible tokens known as NFT. The report has it that eBay has promised to make an adequate effort in combining everything they have as an e-commerce company to empower the modern NFT creators and sellers across the globe.
Following the report from B2C, the KnownOrigin.io is expected to be collecting innovative NFTs and searching for rare digital arts across the globe. It was also noted from the report from B2C that the KnownOrigin has seen over a transaction volume of about $7.8 million in trading since its launch and is expected before the end of 2022 to boos significantly in NFT acquisition and selling.
Blockchain.News reported that the increased demand for NFTs as part of cryptocurrency through its exchange in the world has really proven the strength of digital currency using internet connectivity. The report also emphasized that the NFT world has given a space for artists and other professionals to showcase their talent and as such make money.
Sources:
https://blockchain.news/news/ebay-announces-acquisition-nft-marketplace-knownorigin
https://www.business2community.com/nft-news/ebay-buy-nft-marketplace-known-origin-02509542
https://www.engadget.com/ebay-acquires-nft-art-marketplace-knownorigin-055636700.html