eBay buys marketplace TCGplayer for $295 million

eBay acquires marketplace TCGplayer. The platform continues to work independently. And eBay continues to work in the NFT space.

Today you can collect everything or almost everything. Obviously, there are objects that lend themselves to it much more easily than others, and often they are created for this. Cards, for example, of one or another license are quite suitable for this. And everywhere there are sellers and resellers. With the Internet, it is much easier to find the items of your dreams. TCGplayer is the platform for some. The latter will also fall into the hands of the eBay giant.

eBay acquires TCGplayer trading card marketplace

eBay has decided to bet big on the trading card industry, which has been booming in recent years. The company will acquire TCGplayer, an online trading card game platform, in a $295 million deal. The announcement was made recently.

Launched in 2008, TCGplayer specializes in trading cards from popular franchises such as Pokémon, Magic: The Gathering, Digimon and more. The site will continue to operate independently after the acquisition, which is expected to be completed in the first quarter of 2023. For example, order completion and cart optimization.

The platform continues to work on its own

The Covid-19 pandemic has revived interest in trading cards, which is just starting to decline. eBay was still selling cards every two seconds last year, The Athletic reports. The company has also taken steps to make it easier to sell collectible cards to individuals, including adding an automatic image recognition algorithm to authenticate cards worth $750 or more.

and eBay continues to work in the NFT space.

eBay has also embarked on another area of ​​collectibles that has been very popular lately, NFTs. A few months ago, the American giant launched its own NFT collection and bought digital art marketplace KnownOrigin for an undisclosed amount.