• ORIGYN Foundation Receives $20 Million Grant for NFT-Based Certification

  • Switzerland-based non-profit ORIGYN Foundation has closed a $20 million strategic funding round with backers including Bill Ackman’s Table Management, Polychain Capital and US singer and media personality Paris Hilton.

    Other investors include GD10 Ventures, Vectr Ventures, Jason Ma, Div Turakhia, Carter Reum and Coinko, among others.

    The $20 million capital raise brings the foundation’s valuation to $300 million, according to Tuesday’s announcement.

    ORIGYN uses non-forgeable tokens (NFTs) as digital certificates to identify and authenticate physical and digital goods for luxury goods. The foundation said it is using both blockchain and artificial intelligence to develop its NFT-based authentication system.

    “Connecting physical goods with digital certificates is the next step in the development of NFTs. origyn is bringing the benefits of clear authenticity and ownership records to digital items in many different industries. origyn foundation CEO Daniel Haudenschild told us, “NFTs are more than just digital images, and we are excited to show the world what this technology real possibilities.

    This private funding round comes as ORIGYN is preparing to launch its OGY token, which will be available to the public by the end of the first half of 2021.OGY will serve as the project’s native utility token and will require interaction with services across ORIGYN’s four core verticals – art, collectibles, digital media and luxury goods – including the creation of authentication certificates.

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