The Creator Contract beta has been user-tested and currently has 84 contracts deployed and 250 NFTs minted. KnownOrigin, the e-commerce platform eBay’s non-fungible token (NFT) marketplace, will launch creator smart contracts for its artists, according to a Feb. 16 tweet. With the new contract, artists can share revenue and earn royalties as co-creators. As KnownOrigin said, users have been testing its Creator Contract beta version for the past few weeks, with 84 contracts deployed and 250 NFT versions minted so far. Starting February 24th, all approved creators on KnownOrigin will be able to deploy and mint creations on their own contracts for public release. Deployment requires no coding knowledge.
In June 2022, KnownOrigin was acquired by eBay for an undisclosed amount. According to its co-founder David Moore, the Ethereum-based platform aims to "empower creators and collectors by enabling them to display, sell and collect unique, verified digital items."
eBay has enabled NFT listings on its direct marketplace since May 2021. However, the company has yet to integrate blockchain technology to support transfers or crypto-based sales on its platform. In an airdrop in May 2022, users will need to receive their NFTs off-platform using an in-platform message or email. EBay does not currently support listing requests for payments or transfers in cryptocurrency.
Founded in 2020, KnownOrigin is known for its dedicated boutique community of NFT artists and creators. Currently, the hottest collection on the platform is created by XCOPY, with 27 versions and 559 sales. The series, known for its share of "digital glitches" and flickering image artwork, has surpassed 1,523.78 Ether Total sales ($2.56 million).
