Future

David

Bitcoin

Billion

<ul>
 <li>KnownOrigin’s staff and IP were absorbed into eBay’s Web3 segment after acquisition.</li>
 <li>The NFT marketplace’s co-founder David Moore has stepped down.</li>
</ul>
E-commerce behemoth eBay reportedly intends to leave the <a href="https://thenewscrypto.com/yuga-labs-acquires-moonbirds-nft-collection-creator-proof/" target="_blank" rel="noopener noreferrer nofollow">NFT</a> market no later than two years after purchasing KnownOrigin, an NFT marketplace based in Manchester. Sources close to the situation have revealed that roughly 30% of eBay’s Web3 crew has been let go.
There has been some upheaval in eBay’s venture into NFTs, and new developments indicate that the company’s Web3 approach is changing. There is currently doubt about the platform’s ability to support digital collectibles due to the sudden departure of vital staff and rumored problems with NFT marketplace KnownOrigin.
<h3 class="wp-block-heading" id="h-uncertain-future-of-nfts-on-ebay">Uncertain Future of NFTs on eBay</h3>
A major move into the rapidly growing NFT industry, eBay’s purchase of KnownOrigin, a marketplace, generated buzz only eighteen months ago. After being acquired in June 2022, KnownOrigin’s staff and IP were absorbed into <a href="https://thenewscrypto.com/nft-marketplace-knownorigin-by-ebay-introduces-creator-smart-contract/" target="_blank" rel="noopener noreferrer nofollow">eBay’s</a> Web3 segment, expanding upon previous collaborations with businesses such as OneOf, an environmentally conscious Web3 company that focuses on Music NFTs.
It would seem, nevertheless, that eBay’s Web3 aspirations are changing. Surprisingly, KnownOrigin co-founder David Moore has stepped down, while division chief business and strategy officer Stef Jay has apparently quit. The future of NFTs on eBay is uncertain, according to sources who spoke with <a href="https://www.nftgators.com/" target="_blank" rel="noopener noreferrer nofollow">NFTGators</a>, since tensions between KnownOrigin and eBay have intensified.
During the crypto winter of 2022, the NFT market had significant difficulties after a huge surge during the 2021 bull run. Nevertheless, it seems that the market is showing signs of life again as new entrants such as BLUR are taking on established businesses like <a href="http://opensea.io" target="_blank" rel="noopener noreferrer nofollow">OpenSea</a>.
Highlighted Crypto News Today:
<a href="https://thenewscrypto.com/altcoins-open-interest-surges-amid-bitcoin-futures-hit-23-billion/" target="_blank" rel="noopener noreferrer nofollow">Altcoins’ Open Interest Surges Amid Bitcoin Futures Hit $23 Billion</a>

eBay Reportedly Cuts 30% Web3 Workforce Amid NFT Marketplace Struggle

目錄

TheNewsCrypto

在 2024年2月20日發表的其他文章

Verkle Trees to Elevate Solo Staking, AI to Address Ethereum’s Major Technical Risk

Ex-FTX CEO’s Prison Image Surfaces as Legal Battle Continues

Pro-XRP Attorney Deaton’s Potential Candidacy Worries Sen. Warren

Upward trends predicted for Polkadot & this Shiba Inu killer as $2T market cap boosts Bitcoin tow...

UK set to release crypto legislation in 6 months

Anticipation Builds for Starknet (STRK) Cryptocurrency Listing

訂閱免費電子報，每天收取加密貨幣最新動態！