eBay NFT platform KnownOrigin launches creator smart contract

According to new tweet mail On February 16, eBay’s non-fungible token (NFT) e-commerce platform KnownOrigin will launch creator smart contracts for its artists. With the new contract, artists will be able to share revenues and receive royalties as collaborators. According to KnownOrigin, users have been testing the beta version of the Creator Contract over the past few weeks, with 84 contracts deployed and 250 NFT releases released so far. Starting February 24, all approved authors on KnownOrigin will be able to deploy and release work under their own contract for public release. No coding knowledge is required for deployment.

Last June, KnownOrigin was acquired by eBay for an undisclosed amount. According to its co-founder David Moore, the Ethereum (ETH)-based platform aims to “empower creators and collectors by enabling them to display, sell and collect unique, authenticated digital items.”

eBay has enabled NFT listings on its direct marketplace since May 2021. However, the company has not integrated blockchain technology to support cryptocurrency-based transfers or sales on its platform. During the giveaway last May, users had to use in-platform messaging or email to receive their NFTs outside of the platform. eBay Not currently support lists requesting payments or transfers in cryptocurrencies.

Founded in 2020, KnownOrigin is known for having a dedicated boutique community of NFT artists and creators. Currently, the most popular collection featured on the platform is the one created by XCOPY, with 27 editions and 559 sales. The collection, known for its share of “digital glitches” and flashing images, topped 1,523.78 ETH ($2.56 million) in total sales.

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