David

Quick take: 
<ul> 
 <li>In June 2022, eBay acquired Manchester-based NFT Marketplace KnownOrigin.</li> 
 <li>However, a source close to the project says the company has changed its Web3 strategy with Stef Jay, the business and strategy officer resigning.</li> 
 <li>The relationship between eBay and KnownOrigin has allegedly soured.</li> 
</ul> 
Ebay may be having second thoughts on <a href="https://www.nftgators.com/what-is-an-nft/">NFTs</a> after allegedly laying off over 30% of its Web3 team. A source familiar with the matter reached out to NFTgators saying that many of those involved with Web3 operations have recently left the organisation. 
This comes just over a year and a half following eBay’s acquisition of Manchester, UK-based NFT marketplace <a href="https://www.nftgators.com/ebay-acquires-nft-marketplace-knownorigin-as-it-furthers-nft-push/">KnownOrigin</a>. In the June 2022 acquisition, KnownOrigin’s team and IP became part of eBay’s Web3 division, building on a previous partnership with green Web3 company <a href="https://www.nftgators.com/ebay-partners-with-green-web3-company-oneof-to-launch-first-nft-collection/">OneOf</a>, which focuses on Music NFTs.&nbsp; 
Two months after acquiring KnownOrigin, eBay bought trading card marketplace <a href="https://www.nftgators.com/ebay-buys-tcgplayer-for-295m-two-months-after-acquiring-nft-marketplace-knownorigin/">TCGplayer</a> for a whopping $295 million, furthering its digital collectibles business. 
But now, the company seems to be changing its Web3 strategy with the source telling NFTgators that Stef Jay, the business and strategy officer of the division has recently resigned, while David Moore, one of the founders of Knownorigin has also “been made redundant.” 
The relationship between eBay and KnownOrigin has allegedly soured, rendering the future of NFTs on the eBay website unpredictable. The e-commerce giant has halted all plans for digital art, the source said. 
“Many within the company are unhappy, blaming the lack of leadership and strategy for the layoffs. There are internal criticisms, even at senior levels, questioning the qualifications of the current head of web3 as well as eBay’s strategy team.” 
<figure class="wp-block-gallery has-nested-images columns-default is-cropped wp-block-gallery-1 is-layout-flex wp-block-gallery-is-layout-flex"> 
 <figure class="wp-block-image size-large">
 <img decoding="async" width="623" height="1024" data-id="13496" src="https://www.nftgators.com/wp-content/uploads/2024/02/imgonline-com-ua-dexifcYYRGC08W2eG-623x1024.jpg" alt="" class="wp-image-13496" srcset="https://www.nftgators.com/wp-content/uploads/2024/02/imgonline-com-ua-dexifcYYRGC08W2eG-623x1024.jpg 623w, https://www.nftgators.com/wp-content/uploads/2024/02/imgonline-com-ua-dexifcYYRGC08W2eG-183x300.jpg 183w, https://www.nftgators.com/wp-content/uploads/2024/02/imgonline-com-ua-dexifcYYRGC08W2eG-768x1262.jpg 768w, https://www.nftgators.com/wp-content/uploads/2024/02/imgonline-com-ua-dexifcYYRGC08W2eG-380x624.jpg 380w, https://www.nftgators.com/wp-content/uploads/2024/02/imgonline-com-ua-dexifcYYRGC08W2eG-550x904.jpg 550w, https://www.nftgators.com/wp-content/uploads/2024/02/imgonline-com-ua-dexifcYYRGC08W2eG-800x1315.jpg 800w, https://www.nftgators.com/wp-content/uploads/2024/02/imgonline-com-ua-dexifcYYRGC08W2eG.jpg 903w" sizes="(max-width: 623px) 100vw, 623px">
 </figure> 
</figure> 
Whether this is just a case of reorganisation amid last year’s bear crypto market that saw NFTs lose a bit of their 2021 and 2022 spark remains to be seen. NFTgators reached out to both eBay and KnownOrigin for comments but got no response at the time of writing 
Note: This story is still developing. 
**** 
Stay up to date: 
Subscribe to our newsletter using&nbsp;<a href="https://nftgators.substack.com/" target="_blank" rel="noreferrer noopener">this link</a>&nbsp;– we won’t spam! 
<ul> 
 <li><a href="https://news.google.com/publications/CAAqBwgKMKqZrgswt6TGAw?hl=en-US&amp;gl=US&amp;ceid=US%3Aen" target="_blank" rel="noreferrer noopener">Google News</a></li> 
 <li><a href="https://twitter.com/NFTgators">Twitter</a></li> 
 <li><a href="https://t.me/NFTgatorsNews">Telegram</a></li> 
 <li><a href="https://www.linkedin.com/company/nftgators/">LinkedIn</a></li> 
 <li><a href="https://facebook.com/NFTgators-103707808818830">Facebook</a></li> 
 <li><a href="https://www.tiktok.com/@nftgators">TikTok</a></li> 
</ul> 
The post <a href="https://www.nftgators.com/is-ebay-shutting-down-nfts/">Is eBay Shutting Down NFTs?</a> appeared first on <a href="https://www.nftgators.com">NFTgators </a>.

Is eBay Shutting Down NFTs?

NFTgators

在 2024年2月19日發表的其他文章

Asia’s family offices increase focus on digital assets amid growing market interest

Shiba Inu’s Shibarium Surges 40% Closing in on $0.00001

By The Numbers: How Much Bitcoin Have Whales Bought In 2024?

3 AI Stocks that Nvidia (NVDA) is Buying

Xpeng to Invest Millions in AI Amid Slowing EV Market Growth

Worldcoin soars 140% in a week as wallet app hits 1M daily users

訂閱免費電子報，每天收取加密貨幣最新動態！