When tech juggernauts decide they want to invest in the latest trend or technology, they usually start their journey by simply buying existing companies outright.
It just makes more sense. You get the talent, the assets and the structure. And you all had to do was cut a check.
That's what eBay has just done with KnownOrigin, the 12th largest NFT marketplace (by trading volume). David Moore, co-founder of KnownOrigin, said this partnership "will help [the company] attract a new wave of NFT creators and collectors.
At the time of writing, buying and selling NFTs on eBay is still in what most people would describe as a 'Beta' phase, because only a few select sellers are allowed to do that, and there are still limitations. For example, both the buyer and the seller have to reside in the same country, and NFTs can only be sold at a fixed price, no bidding allowed.
But this doesn't really mean much. By doing this, eBay has created the proverbial snowball effect and it's only a matter of time before you and I can list our NFTs - or get new ones - on the world's popular auction website.
I've crossposted this article on Bitcoinea and Publish0x
Posted Using LeoFinance Beta
Yeah, the snowball effect. Hopefully the nft projects that will be allowed on there will be legit ones
Posted Using LeoFinance Beta
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