E-commerce behemoth eBay reportedly intends to leave the NFT market no later than two years after purchasing KnownOrigin, an NFT marketplace based in Manchester. Sources close to the situation have revealed that roughly 30% of eBay’s Web3 crew has been let go. There has been some upheaval in eBay’s venture
KnownOrigin, one of the most popular NFT marketplaces, was bought by eBay on Wednesday, according to a press release. The purchase is part of the company’s “tech-led reimagination,” according to the company’s statement. The deal’s financial details are being kept under wraps. Addition of Increasingly Popular Digital Collectibles eBay CEO
eBay allows the sale of NFT for digital collectibles. NFT’s have been blown up in popularity by celebrity figures. eBay plans to add cryptocurrency as the payment option in future. eBay allows the purchase and sale of NFT on its platform for digital collectibles like images, videos, and trading cards.
