Sunday, November 10, 2024

KnownOrigin Ceases Operations Two Years After eBay Acquisition

Current NFTs Stays Practical and Tradeable

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

Established in 2018, KnownOrigin grew to become a notable platform within the NFT house, 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 absolutely 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 (corresponding to OpenSea and MagicEden),” the tweets continued.

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