
eBay Fires Staff of NFT Marketplace KnownOrigin in Recent Layoffs, Plans to Dismiss 1,000 Employees
Reports suggest that eBay is reducing the KnownOrigin team via multiple layoffs, and will fire more of its own core staff.
Ebay, the internet’s largest auction house and marketplace, has filed a patent that enables them to process transactions involving digital currencies, such as Bitcoin.
Reports suggest that eBay is reducing the KnownOrigin team via multiple layoffs, and will fire more of its own core staff.
Microsoft was reported to be in the process of downsizing its gaming sector, affecting approximately 1,900 employees, which is 9% of its gaming division.
Adyen reported net revenue of €1.62 billion for 2023, up 22 percent YoY, fueled by continued growth in the customer base amid an expanding team of employees.
The Hopecard will allow users to seamlessly spend their digital assets for everyday transactions, just like they would with traditional fiat currency.
By activating and expanding engagement with the circular economy, the collaboration enables consumers to participate in commerce, promoting the reuse and resale of authenticated products.
E-commerce giant eBay is optimistic going into the second quarter after logging commendable figures in its Q1 2023 outing.
For the current quarter, eBay expects revenue to fall between $1.46 billion and $2.50 billion, exceeding estimates of $2.34 billion.
The new Creators Smart Contracts will allow artists to split their earnings and earn royalties as co-creators.
With the current open NFT-related roles, it is clear that eBay will further explore the Web3 space.
eBay has broadened the categories on its platform to include pre-owned sneakers and jewelry. However, the company’s executives warned of future uncertainties.
As a popular eCommerce marketplace, eBay has been widening its tentacles with targeted acquisitions within the past year.
eBay purchased KnownOrigin as part of an exciting plan to merge both companies’ strengths, creating an NFT and digital collectibles giant.
Through the partnership, eBay will make the already coveted digital collectibles available to its teeming community.
The Dow and Nasdaq recorded their worst day performances in almost two years on Thursday, as the S&P 500 also loses ground.
The digital wallet would help eBay customers use their sales proceeds to either pay the selling fees or purchase items from the marketplace.