At the time, eBay CEO Jamie Iannone hailed the move, saying, \u201cKnownOrigin has built up an impressive, passionate, and loyal group of artists and collectors, making them a perfect addition to our community of sellers and buyers. We look forward to welcoming these innovators as they join the eBay community.\u201d<\/p>\n
The latest news follows reports that eBay laid off 30% of KnownOrigin\u2019s staff in February.<\/p>\n After careful consideration and evaluation we can confirm KnownOrigin will continue to wind down it\u2019s on-chain marketplaces & minter (and signpost to secondary marketplaces) over the upcoming weeks.<\/p>\n \u2014 KnownOrigin.io (@KnownOrigin_io) July 17, 2024<\/a><\/p><\/blockquote>\n<\/div>\n<\/figure>\n \u201cAfter careful consideration and evaluation, we can confirm KnownOrigin will continue to wind down its on-chain marketplaces and minter (and signpost to secondary marketplaces) over the upcoming weeks,\u201d the company stated in a series of tweets, recognizing the shifting industry landscape with secondary marketplaces like OpenSea and MagicEden gaining prominence.<\/p>\n Founded in 2018, KnownOrigin quickly established itself as a major player in the NFT space, hosting seminal works by OG crypto artists<\/a> like XCOPY, Hackatao, and Miss Al Simpson. It now joins the ranks of early and influential marketplaces that have gone under during a challenging bear market, such as Async Art which announced its shutdown<\/a> in October 2023.<\/p>\n \u201cKnownOrigin is proud of its place in the history of digital art since its inception in 2018. Thanks for all the support and helping creators emerge, grow, and succeed over the years,\u201d the tweets continued.<\/p>\n It was an honour to mint on @KnownOrigin_io<\/a> \u2013 so many great memories. Survived the bear bouncing mints between SuperRare and KO back in the day! Won\u2019t forget the Telegram bot buzzing in my pocket at work. Good times. pic.twitter.com\/PmNgDMSTFX<\/a><\/p>\n \u2014 XCOPY (@XCOPYART) July 17, 2024<\/a><\/p><\/blockquote>\n<\/div>\n<\/figure>\n Despite the closure, KnownOrigin emphasized that its existing NFTs remain fully functional and tradable. \u201cAll KnownOrigin NFTs have been minted on the Ethereum blockchain. This means ownership is provable and the tokens can be openly traded on secondary marketplaces,\u201d the company assured its users.<\/p>\n XCOPY hailed the platform in a reflective tweet: \u201cIt was an honour to mint on KnownOrigin \u2013 so many great memories. Survived the bear bouncing mints between SuperRare and KO back in the day! Won\u2019t forget the Telegram bot buzzing in my pocket at work. Good times.\u201d<\/p>\n The post KnownOrigin Marketplace to Shut Down Two Years After eBay Acquisition<\/a> appeared first on nft now<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":" KnownOrigin, one of the pioneering NFT marketplaces, announced today (July 17) that it will be shutting down its on-chain marketplaces and minter. The announcement comes just over two years after eBay acquired the marketplace in June 2022. The deal terms of the transaction were not disclosed. At the time, eBay CEO Jamie Iannone hailed the […]<\/p>\n","protected":false},"author":2,"featured_media":363756,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[245,239,243,242,244,202,184,241,240,189],"class_list":["post-363751","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-nft","tag-azuki","tag-board-ape","tag-erc115","tag-erc721","tag-metamask","tag-nft","tag-nft-technology","tag-opensea","tag-sbt","tag-soul-bound-token"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/363751","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=363751"}],"version-history":[{"count":3,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/363751\/revisions"}],"predecessor-version":[{"id":363759,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/363751\/revisions\/363759"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/363756"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=363751"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=363751"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=363751"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}\n
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Verified On-Chain<\/span><\/a><\/div>\n