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Draft:Origyn

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Origyn Foundation
Company typeNon-profit foundation
IndustryBlockchain
Founded2020
FoundersGian Bochsler, Vincent Perriard, Mike Schwartz
HeadquartersNeuchâtel,
Switzerland
Area served
Worldwide
Key people
Gian Bochsler, Vincent Perriard, Mike Schwartz
ProductsDecentralized universal certification
Number of employees
70 (2022)
Websitewww.origyn.com

Origyn is a non-profit foundation[1][2][3][4][5] headquartered in Neuchâtel (Switzerland)[6][4][7], initiated in 2019 by Gian Bochsler, Vincent Perriard, and Mike Schwartz[3][8][9].

This foundation's mission is to identify, authenticate, and ensure traceability, identity, and proof of ownership of objects, individuals, or intellectual property, thereby combating counterfeiting, theft, and identity theft.[1][10][11] To achieve this, it relies on its proprietary protocol, utilizing blockchain technology to issue digital authentication certificates in the form of NFTs through the Internet Computer blockchain developed by Dfinity.[12][13][11][7][5][4][3][14][15][10]

The company has 70 employees.

History

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In 2019, during the Decentralized Cloud Conference in Zurich, Gian Bochsler (Swiss entrepreneur working in real estate and fintech, founder of Bochsler Finance) met Vincent Perriard (former leader of watch brands and strategic advisor to several luxury brands), and Mike Schwartz (former head of Digital Ventures at Boston Consulting Group).[16] Together, they initiated the founding of Origyn.[16]

Origyn was co-founded in 2020 by Gian Bochsler, Mike Schwartz, and Vincent Perriard.[16][9][3][8]

Origyn initially had six employees based in Neuchâtel.

Origyn develops a protocol to ensure authentication, traceability, and certification.[1][17]

Origyn generates a biometric digital certificate for each product, associating it with a unique and tamper-proof NFT through the blockchain.

The initial application tests were launched in 2021.

In 2021, Origyn raised $20 million from various investors, including Table Management, Polychain Capital, Coinko, Vectr Ventures, Carter Reum, Divyank Turakhia, GD10 Ventures, and others.[6][18][19][20][9][7][21][22][3][2][15][8] This round of funding valued the foundation to 300 million francs.[9][21][22][3][2][15][8]

By June 2022, Origyn made its token, named “OGY”, available to the public on a trading platform, enabling accessibility for everyone.[23] OGY tokens grant access to protocol governance and are also utilized in the creation of digital certificates.

Simultaneously, Origyn forged partnerships in art, jewelry and with foundations such as UEFA.[23] Origyn partnered with the UEFA Foundation for Children as part of the “NFTs for Good” initiative.[23][12]

When the UEFA Foundation for Children offered physical objects, Origyn created their digital counterparts in the form of NFTs. Additionally, Origyn embarked on the development of three Decentralized Autonomous Organizations (DAOs) “For Good” in 2022: the first dedicated to the protection of childhood, the second for the preservation of fauna and flora, and the third for art and culture.

In the same year, Origyn showcased its advancements at the Reluxury exhibition.

In December 2022, Origyn’s technology was used in a world first by the Yumi.io marketplace which splits a physical painting by the painter Julian Opie into digital distinct elements.[24]

At the onset of 2023, Origyn decided to reallocate its resources towards the NFT protocol. During the spring, the foundation launched its initial certificates that necessitate the use of the OGY token.

In March 2023, Origyn addressed the Italian Senate in Rome, with support from parliamentarian Gianpietro Maffoni.[11] On this occasion, Origyn announced its intention to issue certificates for 7,000 brands associated with the FederItaly association, a group dedicated to safeguarding the “made in Italy” designation.[11]

In October 2023, Origyn entered into a partnership with the Swiss company Cyber, one of the largest diamond certification organizations. High-definition images and videos of certified diamonds are stored as NFTs, enabling specialists to verify that the diamonds align with the provided certificates. Each NFT certificate integrates eight PDFs of information.

During the same year, Metalor, the global leader in refined gold, adopted Origyn’s technology to generate NFT certificates for gold. Origyn initiated a project facilitating the creation of ownership certificates for physical gold, tradable at the current spot price. In December 2023, the Gold DAO project utilized gold certificates to establish fungibility[25], leading to the introduction of the GLDT token (1 gram of gold equivalent to 100 GLDT).[26]

Concept

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Origyn Protocol

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The Origyn protocol enables the generation of certificates affirming the authenticity, origin, and ownership of assets.[11] Each digital certificate is comprehensively stored on the blockchain, ensuring its security, transparency, and incorruptibility. These certificates encompass data, images, documents, multimedia, marketplaces, and applications.[11][27][10]

OGY Utility Token

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The OGY utility token serves a dual purpose, being utilized for both the creation of Origyn certificates and the facilitation of transactions within the Origyn protocol. Fees associated with these processes are paid in OGY. The mechanism involves burning more tokens as additional certificates are created, resulting in fewer tokens circulating, and thereby, Origyn follows a deflationary economic model.

OGY holders also have the option to lock their tokens, thus generating voting power to participate in governance. In return for their participation, they receive additional OGY tokens.

Structure

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Origyn is a Swiss non-profit foundation,[5][4][3][1] audited and controlled by the FINMA (Swiss Financial Market Supervisory Authority) a regulatory body, established in October 2020 in Neuchâtel. Its stands as the primary contributor to the Origyn protocol, developing tools and solutions on an open and decentralized platform named “the Origyn Protocol”. This platform is specifically designed to safeguard real-world assets by employing Origyn’s next-generation NFT standard.

These assets include precious stones, precious metals, luxury goods, works of art, intellectual properties, proof of personal identity, digital assets, and more.[19][23][28][1]

The Origyn Foundation supports the development and the evolution of the protocol and supervises development activities related to NFT certificate technology.

Direction

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Origyn is directed by founders Gian Bochsler, Vincent Perriard and Mike Schwartz.[29]

Appendices

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Official Website

  1. ^ a b c d e Moynihan, Lydia (23 November 2021). "NFT company Origyn boasts Paris Hilton and Bill Ackman as backers". New York Post. Retrieved Nov 23, 2021.
  2. ^ a b c Betz, Brandy (23 November 2021). "NFT Authenticator ORIGYN Raises $20M at $300M Valuation". CoinDesk. Retrieved Nov 23, 2021.
  3. ^ a b c d e f g Singh, Vishal (26 November 2021). "Swiss NFT authenticator ORIGYN raises €17.73M at a valuation of €266M; Know more here". Silicon Canals. Retrieved November 26, 2021.
  4. ^ a b c d "Developer Spotlight: ORIGYN, Rewarding and Protecting Creativity in Art, Luxury, and Media". Medium. Retrieved Oct 22, 2021.
  5. ^ a b c "Breaking News: Swiss Non-Profit Foundation ORIGYN to Authenticate Watches Via Smartphone App in 2021". Watch Collecting Lifestyle. 16 April 2024.
  6. ^ a b Oehrli, Pierre-Yves. "ORIGYN Foundation partners with WatchBox to bring watchmaking into a new era". Switzerland Global Enterprise. Retrieved May 17, 2022.
  7. ^ a b c "Topwatch and ORIGYN join forces to create blockchain-based authentication certificates". Krugersdorp News. 25 May 2022. Retrieved May 25, 2022.
  8. ^ a b c d "Bill Ackman Invests in Origyn Swiss Fintech Firm". Jewish Business News. 23 November 2021. Retrieved November 23, 2021.
  9. ^ a b c d "ORIGYN Foundation Receives Strategic Investment of $20M from World-Renowned Investors, including Bill Ackman's Table Management, Polychain Capital, Paris Hilton, Coinko and Vectr Ventures". Businesswire (Press release). 23 November 2021. Retrieved November 23, 2021.
  10. ^ a b c "OIG AMA with ORIGYN". Medium. 21 April 2022. Retrieved Apr 21, 2022.
  11. ^ a b c d e f "Tradition Meets Innovation-A Digital Certificate for Authentic Italian Products". Yahoo. 21 March 2023. Retrieved March 21, 2023.
  12. ^ a b Hernández, Ornella. "Internet Computer's ORIGYN is watching the watches using NFT authentication". Coin Telegraph. Retrieved Apr 29, 2022.
  13. ^ Sit, Sky. "Decoding Web3 solutions in watchmaking: Origyn". Europa Star. Retrieved 1 November 2022.
  14. ^ "ORIGYN Tackle Issue of Counterfeit Watches Using NFT Authentication in 2022". Coin News. 2 May 2022. Retrieved May 2, 2022.
  15. ^ a b c Hakki, Tim (23 November 2021). "Paris Hilton Joins $20M Investment in NFT Platform Origyn". Decrypt. Retrieved Nov 23, 2021.
  16. ^ a b c Naas, Roberta. "Origyn Unveils Technology To Authenticate Watches, Eliminate Counterfeits". Forbes. Retrieved Nov 25, 2020.
  17. ^ "ORIGYN Foundation". Index central des raisons de commerce.
  18. ^ Glover, George. "Here's an exclusive look at the 13-slide pitch deck that NFT authentication start-up ORIGYN used to raise $20 million from investors including Bill Ackman and Paris Hilton". Business Insider.
  19. ^ a b Hirschmiller, Stephanie. "How Origyn's Partnership With WatchBox Sets Diamond Standard In Authentication For Luxury Timepieces". Forbes. Retrieved May 1, 2022.
  20. ^ "Switzerland Based Non-Profit NFT Project Origyn Foundation Secures Millions For Its Project". BitcoinWorld. 24 November 2021. Retrieved November 24, 2021.
  21. ^ a b Melinek, Jacquelyn (23 November 2021). "Polychain Capital, Paris Hilton and Others Invest $20M in Swiss-based ORIGYN Foundation". Blockworks. Retrieved November 23, 2021.
  22. ^ a b "ORIGYN Foundation Valued at $300M after a $20M Raise | The Crypto Times". The Crypto Times. 24 November 2021. Retrieved November 24, 2021.
  23. ^ a b c d Devaney, Andy (10 June 2022). "Soccer Aid For UNICEF Announces New Partnership With ORIGYN Foundation". Sustain Health Magazine. Retrieved 10 June 2022.
  24. ^ Bignell, Francis (22 January 2023). "Julian Opie Artwork Sold by Yumi.io in the Form of Individual NFT Pieces". The Fintech Times. Retrieved January 22, 2023.
  25. ^ "The Gold DAO brings gold into the future". CryptoSlate. 22 November 2023. Retrieved 22 November 2023.
  26. ^ "Gold DAO Collaborates to Digitize Gold Through Blockchain". Goldsecure. Retrieved November 27, 2023.
  27. ^ "ORIGYN: Revolutionizing Trust with 100% On-Chain Certification and Storage". Startupticker. Retrieved 28 February 2024.
  28. ^ Marquez, Reynaldo (23 November 2021). "Paris Hilton Catches NFT Fever, Bets On ORIGYN $20M Raise". Bitcoinist. Retrieved 23 November 2021.
  29. ^ Week, par Crypto (24 November 2021). "La socialiste Paris Hilton soutient un investissement stratégique de 20 millions de dollars dans le protocole NFT Origyn - Crypto Week". Cryptoweek.fr (in French). Retrieved 24 November 2021.
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