eBay acquires NFT marketplace KnownOrigin

E-commerce giant eBay has acquired non-fungible token (NFT) marketplace KnownOrigin.

The deal was signed on Tuesday.

The UK-based NFT marketplace co-founder David Moore said the partnership would help the NFT marketplace attract a new wave of NFT creators and collectors.

eBay began allowing the buying and selling of NFTs last year.

The e-commerce giant has hinted at having further crypto capabilities in the works.

In May this year, e-Bay launched a partnership with OneOf, an NFT platform specializing in selling music, sports and lifestyle digital assets.