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KnownOrigin Ceases Operations Two Years After eBay Acquisition

July 22, 2024
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Present NFTs Stays Practical and Tradeable

“After cautious consideration and analysis, we’ve determined to wind down KnownOrigin’s on-chain marketplaces and minter over the upcoming weeks,” the corporate acknowledged on X in a sequence tweets. The corporate acknowledged the shifting trade panorama, with secondary marketplaces like OpenSea and MagicEden gaining prominence.

Established in 2018, KnownOrigin turned a notable platform within the NFT area, showcasing works by artists like XCOPY, Hackatao, and Miss Al Simpson.

Regardless of {the marketplace}’s closure, KnownOrigin has reassured customers that present NFTs will stay totally practical and tradable. “All KnownOrigin NFTs have been minted on the Ethereum blockchain. This implies possession is provable and the tokens will be brazenly traded on secondary marketplaces (equivalent to OpenSea and MagicEden),” the tweets continued.

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*All funding/monetary opinions expressed by NFT Plazas are from the non-public analysis and expertise of our web site moderators and are meant as instructional materials solely. People are required to totally analysis any product prior to creating any sort of funding.

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