Paris Hilton Joins $20M Investment in NFT Platform Origyn
Socialite and Influencer Paris Hilton joined a $20 million funding round in the Swiss nonprofit NFT project Origyn Foundation.
Participants include legendary investor Bill Ackman’s hedge fund Table Management and crypto investment firm Polychain Capital. The latest round brings Origyn’s new valuation to $300 million.
Origyn runs on Dfinity’s Internet Computer Project and uses artificial intelligence to enable smartphone users to authenticate and tokenize both physical and digital assets.
The money raised in this investment round will fund research and development ahead of the launch of Origyn’s OGY token next year. OGY will serve as the platform’s native utility token, guaranteeing its NFT certificates and enabling holders to partake in the governance of the platform.
“NFTs are a way to innovate, empower others and push the boundaries of how creators and artists interact with their fans,” Paris said in a prepared statement. “The ORIGYN Foundation is leading the charge by putting power in the hands of artists, creators, creatives and collectors, which I am proud to be part of.”