As per a tweet on Feb. 16, KnownOrigin, the NFT marketplace that is part of eBay’s e-commerce platform, will be launching Creator Smart Contracts for its artists. This new contract allows artists to share profits and gain royalties as co-creators. Reportedly, individuals have been trying out the beta version of this contract in the last few weeks, with 84 contracts already deployed and 250 editions of NFTs minted. On Feb. 24, all approved creators on KnownOrigin can deploy their own contracts for public release; coding skills are not mandatory for deployment.
According to its co-founder David Moore, the Ethereum-based platform aims to empower creators and collectors by giving them the ability to showcase, sell, and collect unique, authenticated digital items.
Despite the fact that eBay has enabled NFT listings on its direct marketplace since May 2021, blockchain technology has not yet been integrated into its platform so that transfers or crypto-based sales can be supported. Users were required to use in-platform messaging or email to receive NFTs outside of the platform during an airdrop in May 2022. Currently, eBay does not support listings that solicit cryptocurrency payments.
This boutique community of NFT artists and creators was founded in 2020. Currently, XCOPY has 27 editions and 559 sales, making it the most popular collection on KnownOrigin. With 1,523.78 Ether ($2.56 million) in total sales, the collection is known for its “digitally glitched” and flashing image artworks.