Existing NFTs are still valid and tradable
“After careful consideration and evaluation, we have decided to close KnownOrigin’s on-chain market and mint coins in the coming weeks,” the company said in a series of tweets on X. The company acknowledges that the industry landscape is changing, with secondary markets such as OpenSea and MagicEden gaining traction.
KnownOrigin was founded in 2018 and has become a well-known platform in the NFT field, showcasing the works of artists such as XCOPY, Hackatao and Miss Al Simpson.
Despite the market closure, KnownOrigin assured users that existing NFTs will remain fully functional and tradable. “All KnownOrigin NFTs are minted on the Ethereum blockchain. This means ownership is provable and tokens can be publicly traded on secondary markets such as OpenSea and MagicEden,” the tweet continued.
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Blockchain enthusiast and lifelong gamer.
