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  • Origin Protocol OGN
  • ( 3.38 % )
  • Rank #534
  • Coins

₹14.4464

₹ 14.4464

Contracts : Ethereum : 0x820...541ae26   

  • Rank #534
  • Coins

Market Cap

₹6.4 B 3.8581%

Circulating Supply

502728000

Max Supply

1000000000

Volume

₹2.26 B

All Time High :

₹249.5

All Time Low :

₹5.18

Price change in 24H :

₹0.37619

24H High :

₹13.26

24H Low :

₹11.95


Origin Protocol (OGN) Price Live Chart


Origin Protocol (OGN)

Origin Protocol is dedicated to pioneering web3 technologies aimed at democratizing access to non-fungible tokens (NFTs) and decentralized finance (DeFi). Through its distinctive tools and extensive partnerships, the protocol endeavors to achieve these objectives. The flagship offerings of Origin Protocol comprise Origin Story, governed by OGN, and Origin Dollar, governed by OGV.

Origin Story serves as a customizable NFT marketplace solution collaborating with innovators across diverse sectors, utilizing non-fungible tokens to disrupt various industries. This platform facilitates NFT marketplaces and tooling across sectors such as real estate, profile pictures, music, art, and entertainment.


What is Origin Protocol?

Origin Protocol stands as a user-centered web3 platform meticulously designed to democratize access to the web3 realm, emphasizing DeFi (Decentralized Finance) and NFTs (Non-Fungible Tokens). Pioneering a vision of complete decentralization, Origin Protocol strives to equip the forthcoming influx of crypto users with the essential tools to comprehend and harness blockchain technology.

Founded in 2017 by Ethereum enthusiasts Joshua Fraser and Matthew Liu, Origin has been innovating various products aimed at streamlining DeFi. In 2020, Origin introduced OUSD, a stablecoin that generates yields automatically in Ethereum wallets, eliminating the need for staking or locking up tokens.

In May 2023, Origin announced its expanded DeFi vision by integrating ETH staking through Origin Ether (OETH) within its ecosystem, unlocking opportunities in the burgeoning domain of liquid staking derivatives (LSDs).

Origin has also made a significant impact in the NFT realm through Origin Story, its NFT arm, encompassing a launchpad for crafting customized NFTs, an NFT marketplace, and a suite of tools aiding users in navigating the complex world of NFTs.


Who Founded Origin Protocol?

Origin Protocol was initiated by Josh Fraser and Matthew Liu. Mr. Fraser has been coding since childhood and entered the crypto industry as early as 2011. He founded the web optimization company Torbit, which was later acquired by Walmart Labs. Mr. Liu, a Stanford engineering graduate, has been involved in crypto since 2014 and participated in the 2014 Ethereum crowd-sale. Yu Pan, a former co-founder of Paypal and a former executive at Google, serves as the protocol’s founding engineer.

Pantera Capital leads Origin’s investors, with other backers including Foundation Capital, Blocktower, Steve Chen (YouTube founder), Alexis Ohanian (Reddit co-founder), and Garry Tan (Y Combinator partner).


How does Origin Protocol operate?

Origin primarily aims to establish transparent and open peer-to-peer marketplaces enabling users to engage in decentralized commerce freely. To accomplish this, Origin merges its JavaScript library, Origin.js, with Ethereum's blockchain and the InterPlanetary File System (IPFS) to simplify the development of decentralized applications (DApps) for developers.

Utilizing Ethereum's smart contracts eliminates the necessity of intermediaries in Origin's marketplaces, ensuring they are decentralized and open. Moreover, developers can utilize the Origin.js library to interact with smart contracts without directly engaging with the underlying blockchains.

For securing and managing user identities, Origin supports the ERC-725 identity standard, linking user identities to their Ethereum wallets. Upon profile verification, the information is published on IPFS, a decentralized filing system designed for data transfer, with the resulting hash stored on Ethereum for security.

Another crucial element of Origin-based marketplaces is the ratings and reviews feature, aiding in building a user's reputation and credibility in the shared economy. Users are encouraged to leave reviews and rate products from both the buyer's and seller's perspectives.


What sets Origin Protocol apart?

Origin Protocol stands out due to its distinctive attributes. With a seasoned Core Team, a thriving community, and a robust history of partnerships within the NFT ecosystem, Origin showcases its uniqueness.

The Core Team possesses extensive expertise in developing and expanding technological products. Comprised of early leaders in both technology and business realms from renowned companies like PayPal, YouTube, Coinbase, Pinterest, Lyft, Dropbox, Google, Palo Alto Networks, Tesla, and 1inch.

The Origin community boasts hundreds of thousands of OGN holders, supported by notable investors such as Pantera Capital, Foundation Capital, Blocktower, Blockchain.com, KBW Ventures, and Spartan Capital, as well as prominent angel investors like Steve Chen (co-founder of YouTube), Alexis Ohanian (co-founder of Reddit), Garry Tan (President & CEO of YCombinator), and Randall Kaplan (founder of Akamai).

Moreover, Origin has a proven track record in the realm of NFTs. Its Story platform has facilitated NFT drops and marketplaces for various creators, crypto-native collections, and tech industry leaders. Notable partners of Story include

  • Celebrities & Creators: 3LAU, BT, Paris Hilton, Trevor Jones, Don Diablo, Timmy Trumpet, Lupe Fiasco

  • Web3 NFT collections: Pudgy Penguins, Chubbiverse, Moonrunners, OnChainMonkey, Sappy Seals, Lucky Ducky, among others

  • Industry-leading companies: Roofstock (real estate platform), SpaceX (first all-civilian mission to orbit)

The Origin Story platform has facilitated groundbreaking experiences, including 3LAU's NFT auction ($11.7M USD), a significant whiskey cask sale ($2.3M), a viral video NFT sale ($760K), and the sale of real-world homes as NFTs through a peer-to-peer marketplace in collaboration with Roofstock.


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Future Developments

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Origin Protocol news

22 hours 7 minutes 41 seconds ago

Here are the Top Six Reasons Origin Protocol Will Dominate the Web3 Industry in the Coming Cycles

Origin protocol is backed by a committed community of developers, investors, and content creators with a strong footing in high growth sectors.

22 hours 6 minutes 58 seconds ago

Origin Protocol’s Matthew Liu Looks Back on Six Years of Building on Ethereum

Building in crypto is one thing – but few have managed to persist through the turbulent market cycles and unexpected obstacles. It takes a rare breed of vision, grit, and resilience to succeed in one of tech’s most rapidly evolving asset classes.