Paris Hilton and billionaire hedge-fund investor Bill Ackman support a year-old firm focused on NFT technology.
Swiss-based Origin calls itself a “nonprofit dedicated to identifying, affirming and unlocking ownership of valuable items.” It added that it uses a “unique NFT method” to refer to non-fungible tokens or unique digital assets.
On Tuesday, Origin said it had raised $ 20 million from investors including Bill Ackman’s table management and Hilton Hotels’ successor, Paris Hilton.
Origin’s NFT technology “digitally authenticates the authenticity of valuables using their own biometry” Company press release. The company says the technology can be used to trade art, collectibles, digital media and luxury goods.
“ORIGYN is trying to achieve — use technology to address identity, authentication and proof of ownership,” said Daniel Hodenschild, CEO of ORIGYN Entreprise.
The $ 20 million raised will be used “to fund a growing R&D and Foundation ecosystem for a growing list of industry partners,” the company added.
Origin token, a publicly traded token, plans to launch OGY in the first half of 2022.
Ackman’s spokesman declined to comment. Representatives of Hilton did not immediately respond to a request for comment.
Origin was launched in October 2020 – just months before NFTs became an investment fashion. After making $ 69 million in March for the NFT from artist “Beeple”, NFTs sold for an eye-catching price, including the first tweet from Twitter co-founder Jack Dorsey, which went for $ 3 million later that month.