KnownOrigin Ceases Operations Two Years After eBay Acquisition

[PAI]

Existing NFTs Remains Functional and Tradeable​

“After careful consideration and evaluation, we have decided to wind down KnownOrigin’s on-chain marketplaces and minter over the upcoming weeks,” the company stated on X in a series tweets. The company acknowledged the shifting industry landscape, with secondary marketplaces like OpenSea and MagicEden gaining prominence.

Established in 2018, KnownOrigin became a notable platform in the NFT space, showcasing works by artists like XCOPY, Hackatao, and Miss Al Simpson.

Despite the marketplace’s closure, KnownOrigin has reassured users that existing NFTs will remain fully functional and tradable. “All KnownOrigin NFTs have been minted on the Ethereum blockchain. This means ownership is provable and the tokens can be openly traded on secondary marketplaces (such as OpenSea and MagicEden),” the tweets continued.

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