eBay's NFT marketplace KnownOrigin announced that it will cease operations.

Wu learned that KnownOrigin, an NFT marketplace acquired by eBay in June 2022, announced the closure of its on-chain marketplace and minting functions in the coming weeks. The main reason given by the company is the changes in the NFT market. In February this year, eBay stated that it is reevaluating its NFT strategy and has laid off over 30% of its Web3 team.