Swiss NFT authenticator ORIGYN raises €17.73M at a valuation of €266M; Know more here

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ORIGYN Foun­da­tion, a Switzer­land-based non­prof­it organ­i­sa­tion ded­i­cat­ed to iden­ti­fy­ing, authen­ti­cat­ing, and unlock­ing the pow­ers of own­er­ship for objects of val­ue, announced that it has raised $20M (approx €17.73M) in a fresh round of fund­ing. With this invest­ment, the com­pa­ny is now val­ued at $300M (approx €265.96M).

As the first dig­i­tal cer­ti­fi­ca­tion plat­form built on the Inter­net Com­put­er (IC), ORIGYN and its ver­ti­cals gen­er­ate new forms of val­ue for some of the largest con­sumer asset class­es in the world includ­ing art, col­lectibles, dig­i­tal media, and lux­u­ry goods.

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Investors in this round

The round saw par­tic­i­pa­tion from Investors includ­ing Bill Ackman’s Table Man­age­ment, Poly­chain Cap­i­tal, Paris Hilton, Coinko, Vec­tr Ven­tures, Carter Reum, Div Turakhia, and GD10 Ven­tures, among others.

Daniel Hau­den­schild, CEO of ORIGYN Foun­da­tion, says, “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.”

ORIGYN Entre­prise SA is the oper­at­ing enti­ty of ORIGYN Foundation.

A platform to protect, celebrate, elevate and reward creativity

ORIGYN Foun­da­tion uses intel­li­gent tech­nolo­gies, includ­ing com­put­er vision and arti­fi­cial intel­li­gence, on decen­tralised com­put­ing to iden­ti­fy, authen­ti­cate and unlock the pow­ers of own­er­ship for objects of value.

Found­ed in Octo­ber of 2020, ORIGYN is led by its found­ing part­ners and coun­cil mem­bers Gian Bochsler, Vin­cent Per­ri­ard, and Mike Schwartz, as well as by CEO Daniel Haudenschild.

The foundation’s tech­nol­o­gy cer­ti­fies and guar­an­tees the authen­tic­i­ty of phys­i­cal and dig­i­tal items using advanced recog­ni­tion and iden­ti­fi­ca­tion tech­niques cre­at­ed by experts in com­put­er vision, arti­fi­cial intel­li­gence, and decen­tralised infra­struc­ture. It also unites con­tem­po­rary play­ers across select indus­tries to pro­tect, cel­e­brate, ele­vate, and reward cre­ativ­i­ty through its nov­el approach to NFTs.

Cur­rent­ly, ORIGYN has the fol­low­ing indus­try verticals:

  • ORIGYN Art: an exclu­sive com­mu­ni­ty for the fine art mar­ket on the blockchain. This ver­ti­cal estab­lish­es a con­nec­tion between phys­i­cal works of art and NFT cer­tifi­cates to cre­ate the mar­ket­place expe­ri­ence for cre­ators, indus­try pro­fes­sion­als, col­lec­tors, and enthusiasts.
  • ORIGYN Col­lectibles: a plat­form designed to empow­er indi­vid­u­als with shared pas­sions to buy, sell, trade, and expe­ri­ence col­lec­tors’ items. This ver­ti­cal rewards and cel­e­brates cre­ativ­i­ty by tokenis­ing cer­tifi­cates of own­er­ship that ver­i­fy the unique­ness and authen­tic­i­ty of phys­i­cal collectibles.
  • ORIGYN Dig­i­tal Media: this is a com­pre­hen­sive ecosys­tem built for media cre­ators of all types to acti­vate their social cap­i­tal. This ver­ti­cal pro­vides tool­ing for all forms of expe­ri­en­tial con­tent, arti­facts, and mar­ket­places for the world’s most cre­ative icons and their fans.
  • ORIGYN Lux­u­ry: it is the only dig­i­tal cer­ti­fi­ca­tion solu­tion guar­an­teed to prove authen­tic­i­ty using a lux­u­ry object’s own bio­met­ric fea­tures. These dig­i­tal cer­tifi­cates increase trust between com­pa­nies and their clients with a paper­less solu­tion, guar­an­teed by ORIGYN, which facil­i­tates the resale of the object. This ver­ti­cal brings NFTs to life by enabling the object itself to become its own proof of authenticity.

Found­ed in Neuchâ­tel, Switzer­land, ORIGYN oper­ates glob­al­ly in major tech­nol­o­gy and blockchain hubs, includ­ing its research and devel­op­ment divi­sion locat­ed in Man­hat­tan Beach, California.

Capital utilisation

The pro­ceeds from this round will enable the foun­da­tion to expand and improve ORIGYN’s ver­ti­cals as direct­ed by gov­ern­ing token hold­ers. Addi­tion­al­ly, the funds will also be used to fund ongo­ing R&D and onboard the foundation’s grow­ing list of indus­try part­ners to the ecosystem.

ORIGYN claims that its authen­ti­ca­tion plat­form sur­pass­es oth­er NFT cer­ti­fi­ca­tion solu­tions in the mar­ket due to a unique bio­met­ric and own­er­ship data includ­ed in ORIGYN dig­i­tal twins, as well as the glob­al guar­an­tee that backs every dig­i­tal cer­tifi­cate. The com­pa­ny will offi­cial­ly launch these dig­i­tal cer­tifi­cates across indus­try ver­ti­cals dur­ing the first half of 2022. 

The foundation’s util­i­ty token, OGY, will also become pub­licly trad­able in 2022. OGY is nec­es­sary to engage with the core ser­vices of the plat­form and is used to cre­ate and trans­act cer­tifi­cates of authenticity.

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