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
Ethereum Foundation Launches Trillion Dollar Security Initiative to Strengthen Network
The Ethereum Foundation has launched a “Trillion Dollar Security Initiative” to enhance the security and resilience of the Ethereum blockchain. This program aims to protect the network, which supports a wide range of decentralized finance applications, NFTs, and smart contracts.
MetaMask Token Launch Remains Uncertain, Says Co-Founder Dan Finlay
MetaMask is still considering the launch of a native token, but no definitive plans have been made yet. Dan Finlay, MetaMask’s co-founder, described the possibility of a token as a “maybe” during an interview on The Block’s “Crypto Beat” podcast on May 14, 2025.
Is the XRP price rally over for now?
South Korea’s Presidential Candidates Back Bitcoin ETFs
Trending news
MoreCrypto prices
More
