Bitrue Trading And Staking – Origyn Foundation OGY

Published on: 27.06.2022

Bitrue Project Highlight Series #1- Origyn Foundation OGY

Bitrue Trading And Staking. They have mentioned many times before, Bitrue is determined to meet the customer’s satisfaction more than anything else. Many reasons why customers choose to invest on Bitrue the wide selection of tokens that has to offer. Tokens that are already popular and available elsewhere. Their exchange also focuses on looking out for hidden gems for you to invest in. In recent years, Bitrue has noticed that we have not been sharing enough about the projects that are onboard to their community.

Also, as a part of their effort in contributing to the education in the crypto space, Bitrue is now committed to a new project highlight series, where they share the thoughts and ideas about projects or tokens that they are excited about.

ORIGYN — The Global Certification Standard for Identity, Authenticity and Proof of Ownership

To commemorate the first publication in the series, they are announcing the listing of a new asset of its own class: OGY token. $OGY is the utility token of the ORIGYN Foundation, a Switzerland-based digital certification platform that provides certificates of authenticity for luxury goods, fine art, digital media, and collectibles.

Non-fungible tokens (NFTs) are a groundbreaking technology that have opened up the possibility for artists to regain ownership of their creations. At first glance, a lot of people overlook the potential in these digital artworks, stating that anyone can own the same exact picture obtained on the internet for free, so why bother spending thousands of dollars on NFTs?

To understand this, think about the paintings auctioned for millions of dollars at Sotheby’s, or just any famous artworks that you might have heard of. Chances are, these pictures can easily find online, save, and print for personal collection. Even more, other artists can replicate the original version, by implementing the same techniques as the original, thus producing a copy almost similar to the real work. But what makes the value of the original work much greater from its copied versions, is derived from a mixture of factors that are far more complex .

Human creativity is idiosyncratic

First and foremost, human creativity is idiosyncratic, no two artists can produce the exact same idea. The original artwork equivalent to the artist’s expertise and skill, the copied versions can never be a representation of this. Copied works do not introduce novel ideas and concepts onto the table. Second, another metric commonly used to value fine art is its ownership history. Original artworks will always have a much higher prestige over the plagiarized version. Most of them have been in the hands of the original artists or other reputable figures. Lastly, the techniques and finesse executed to achieve the highest quality of art, such as its coloring, medium, and composition. More than often, copied artworks lack the precision and passion of the original artist.

Another industry that has faced significant backwardation ever since is the luxury goods industry. With the increase of technology usage, it has been increasingly harder to differentiate an original item from its copycat.

This is where blockchain technology comes

Lastly, This where blockchain technology comes into play, by issuing an indingenous contract for each of these artworks. The real asset verifiable and a clear distinction made between the original and the faux. The dataset store in the blockchain is permanent and could not be tamper or manipulate to fake the artworks’ origin. The NFT technology has allowed for this to happen, and while platforms like OpenSea is able to provide every artist a platform to display their projects without sacrificing ownership, the ORIGYN foundation attempts to take it to another level, instead of only establishing the ownership title for digital artworks, ORIGYN introduces the concept of tokenizing physical artworks and luxury collectibles, where a “digital twin“ of the artwork/collectible will be minted on the Internet Computer blockchain, fulfilling the role of a certification of authenticity. Origyn Foundation introduces the usage of biometric technology paired with an NFT contract. After the product is identify to be authentic, a contract will be issue, and customers will be able to differentiate the genuine from the counterfeit.

ORIGYN Foundation

In a nutshell, ORIGYN foundation is the auction house of web3. It holds a strong belief that artists should have the right to ownership of their masterpieces. As their website says, is committ to preserving and sharing the legacy of human creations. Despite emphasizing on exclusivity of ownership. ORIGYN allows anyone who has access to the internet a chance to rightfully bid for artworks previously limited to selected art galleries, auction houses, and art dealers. It paves the way for a win-win solution between artists and their consumers.