KnownOrigin Ceases Operations Two Years After eBay Acquisition

Current NFTs Stays Purposeful and Tradeable

“After cautious consideration and analysis, we now have determined to wind down KnownOrigin’s on-chain marketplaces and minter over the upcoming weeks,” the corporate stated on X in a sequence tweets. The corporate acknowledged the shifting business 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 absolutely purposeful and tradable. “All KnownOrigin NFTs have been minted on the Ethereum blockchain. This implies possession is provable and the tokens may be overtly traded on secondary marketplaces (corresponding to OpenSea and MagicEden),” the tweets continued.

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Blockchain fanatic and lifelong gamer.