eBay acquires NFT marketplace KnownOrigin at terms undisclosed
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eBay (NASDAQ:EBAY) makes yet another move in the non-fungible token (NFT) business with the acquisition of KnownOrigin on Wednesday.
Founded in 2018 in Manchester, UK, KnownOrigin is a NFT marketplace which allows artists and collectors to create, buy and resell NFTs via blockchain-support transactions.

Financial terms of the transaction were not disclosed.
"KnownOrigin has built up an impressive, passionate and loyal group of artists and collectors making them a perfect addition to our community of sellers and buyers. We look forward to welcoming these innovators as they join the eBay community," said Jamie Iannone, CEO of eBay.
Stock is down 1.5% in premarket trading.
Currently, the shares of marketplace company Ebay (EBAY) are trading close to its 52-week low of $40.5 where the Goldman Sachs downgrade to Sell has created further pressure on the stock since the past two weeks. 

Seeking Alpha Quant Rating sits at Hold while average Wall Street analysts and SA Authors give a Buy to EBAY.
Earlier: EBay jumps in the NFT market with a Wayne Gretzky drop