According to a new twitter post on February 16, e-commerce platform eBay's non-fungible token (NFT) marketplace KnownOrigin will launch creator smart contracts for its artists. me. With the new contract, artists will be able to split income and earn royalties as co-creators. As KnownOrigin said, users have been testing the Creator Contracts beta release over the past few weeks, with 84 contracts so far deployed and 250 NFT instances created. From February 24 onwards, all approved creators on KnownOrigin will be able to launch and mint their own contracted work for public release. Implementation will not require coding knowledge.
Last June, KnownOrigin was acquired by eBay for an undisclosed sum. According to co-founder David Moore, the Ethereum (ETH)-based platform seeks to “empower creators and collectors by giving them the ability to display, sell, and collect authenticated digital items.” , unique".
eBay has enabled NFT listings on its live marketplace since May 2021. However, the company has not yet integrated blockchain technology to support cryptocurrency-based transfers or sales on its platform . During an airdrop last May, users were required to use email or messages within the platform to receive their NFTs outside the platform. eBay does not currently support listings that solicit crypto payments or transfers.
Founded in 2020, KnownOrigin is known for having a dedicated boutique community of artists and NFT creators. Currently, the most popular collection listed on the platform is the one created by XCOPY, with 27 editions and 559 sales. Known for its incidence of flickering image artwork and “digital glitches,” the collection surpassed 1,523.78 ETH ($2.56 million) in total sales volume.
This work was created using the knownOrigin Creator Contract, using the collaboration feature that will be available to all approved Creators on February 24! See the entire Collection— KnownOrigin.io (@KnownOrigin_io) February 16, 2023
