ORIGYN Foundation raises USD 20 million for its NFT platformsMonday 6 December 2021
ORIGYN Foundation will market its technology in the art, collectibles, digital media and luxury sectors, as well as onboard new industry partners and contribute to authentication R&D. | © ORIGYN Foundation
ORIGYN Foundation, a Neuchâtel-based non-profit dedicated to identifying, authenticating and unlocking the powers of ownership for objects of value, has raised USD 20 million.
Founded in October 2020, ORIGYN develops a technology that certifies and guarantees the authenticity of physical and digital items using advanced recognition and identification techniques created by leading experts in computer vision, artificial intelligence and decentralized infrastructure. The foundation also unites the greatest contemporary players across select industries to protect, celebrate, elevate and reward creativity through its novel approach to NFTs (Non Fongible Tokens).
The Neuchâtel-based foundation has raised USD 20 million in its latest financing round. Investors in this round include Bill Ackman’s Table Management, Polychain Capital, Paris Hilton, Coinko, Vectr Ventures, Carter Reum, Div Turakhia, GD10 Ventures and more. Ahead of the foundation’s public token release, this private round now values ORIGYN at USD 300 million.
“We’re incredibly fortunate and excited to include so many influential names in this funding round. ORIGYN is unique in what it brings to this world. It’s a sign of support for what ORIGYN is trying to achieve - using technology to solve for identity, authenticity and proof of ownership. Our partners have seen the opportunity we provide to unlock value for owners and creators,” explains Daniel Haudenschild, CEO of ORIGYN Entreprise SA, which is the operating entity of ORIGYN Foundation.
Operating globally in major technology and blockchain hubs
Funding from this round will enable the expansion and continuous improvement of ORIGYN’s technology. Additionally, it will be used to fund ongoing R&D and onboard the foundation’s growing list of industry partners to the ecosystem.
The ORIGYN authentication platform far surpasses other NFT certification solutions in the market today due to the unique biometric and ownership data included in ORIGYN digital twins, as well as the global guarantee that backs every digital certificate. ORIGYN will officially launch these digital certificates during the first half of 2022.