eBay’s NFT Marketplace KnownOrigin Announces Suspension of Operations
According to reports from foreign media, NFT marketplace KnownOrigin, which was acquired by eBay in June 2022, has announced that it will be closing its on-chain marketplace and minting functions. In February of this year, eBay laid off 30% of KnownOrigin's employees, causing concerns about the platform's future. The recent announcement confirms these concerns, with the company stating that it has decided to cease operations due to changes in the NFT market. KnownOrigin states that "all KnownOrigin NFTs are minted on the Ethereum blockchain. This means that ownership is provable and these tokens can be publicly traded on secondary markets such as OpenSea and MagicEden."
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
DOODUSDT now launched for futures trading and trading bots
Ethereum Foundation allocates $32 million to expand education and tools in the ecosystem
Ripple Ends Dispute with SEC, Recovers $75 Million, XRP Surges 10%
Core Scientific Nets $580M in Q1 Despite Revenue Miss, Eyes AI and HPC Future
Nasdaq-listed Bitcoin miner Core Scientific Inc. has reported a net income of $580 million for the first quarter of 2025, more than double the $210 million recorded during the same period last year. However, the firm fell short of analyst expectations for revenue, signalling the growing impact of industry shifts and operational transformation.
Trending news
MoreCrypto prices
More
