World-famous star Paris Hilton participated in a $20 million funding round in Switzerland’s non-profit NFT project, the Origyn Foundation.
Hedge fund manager and investor Bill Ackman was among the tour participants. Polychain Capital, the crypto investment firm that valuated Origyn to $300 million, also took part in the round.
Origyn works on Dfinity’s Internet Computing Project and uses artificial intelligence to enable smartphone users to verify and tokenize both physical and digital assets.
Money raised in the investment round will fund research and development ahead of the launch of Origyn’s OGY token next year. OGY will serve as the native service token of the platform, guaranteeing NFT certificates and enabling their holders to participate in the management of the platform.
Hilton made the following statements in his statement;
“NFTs are a way to innovate, empower others, and push the boundaries of how artists engage with their fans. I am proud to be part of the ORIGYN Foundation. Origyn takes this responsibility by putting power in the hands of artists, creators and collectors. ”
Paris Hilton’s NFT Love
Hilton’s foray into the NFT business first began last year, when he auctioned off a portrait through renowned NFT auction house Cryptograph. The piece was sold for 40 ETH.
Proceeds from the sale went to three charities that cater to the needs of feeding and sheltering vulnerable people.
In April of this year, Hilton teamed up with designer Blake Kathryn to launch an NFT collection called “Planet Paris” at Nifty Gateway. NFT has commissioned over a million dollars.
Last month, Hilton shared an art collection she’s curating on Sotheby’s Metaverse. The collection includes work by NFT artists Maalavidaa, Serwah Attafuah and Chelsea Evenstar.
