NFT Platform for eBay Launch of the Creator Smart Contract by KnownOrigin

 In a tweet from February 16, KnownOrigin, eBay's nonfungible token (NFT) marketplace, said that it will start using creator smart contracts for its artists. As co-creators, artists can now share profits and get royalties under the new deal. According to KnownOrigin, users have been testing the Creator Contract beta release for the past few weeks. So far, 84 contracts have been deployed and 250 editions of NFTs have been made. From February 24, all approved KnownOrigin creators will be able to deploy and mint their own work for public distribution. No coding skills will be needed for deployment.

In June 2022, eBay bought KnownOrigin for an amount that is not known. The Ethereum-based platform wants to "empower artists and collectors by giving them the ability to promote, sell, and buy unique, authorized digital things," says the platform's co-founder, David Moore.

Since May 2021, NFT listings have been allowed on eBay's direct marketplace. The business hasn't yet added blockchain technology to its platform to help with transfers or sales of cryptocurrency. During an airdrop in May 2022, users who wanted to get their NFTs elsewhere had to use on-platform messaging or email. At the moment, EBay does not support listings that ask for payments or transfers in cryptocurrency.