The Swiss non-profit foundation, ORIGYN raised a funding of $20 million, which increases its evaluation to $300 million. Founded in 2020, ORIGYN uses blockchain technology. Positively, the funding will help ORIGYN to expand and improve its offerings.
The expansion of ORIGYN foundation
The foundation works across four major categories. These include – collectibles, luxury items, digital media and fine art. Surely, the funding will help to gain new partners and do more research. Contributing back to the community, ORIGYN allows the members to participate in its governance model.
Moving along, the non-profit will release digital certificates next year. Afterwards, the organization also plans to launch its utility token – OGY. Generally, the foundation utilizes both blockchain and AI to develop its NFTs. To clarify, it establishes a connection between physical art and NFTs.
Currently, the non-profit also backs many blockchain groups. These include Polychain Capital- Coinko, Vectr Ventures and celebrity Paris Hilton. Given these points, ORIGYN is definitely rising to new heights.
According to the company, the token is necessary to engage with its services. Subsequently, the token will help to create and transact NFTs. In the latest press release, the organisation added,”[The funding is] a sign of support for what ORIGYN is trying to achieve – using technology to solve for identity, authenticity and proof of ownership”
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