If you don't know Origin, I imagine you at least know Paris Hilton, unless you live in a cave. We are going to take the opportunity today to talk about Origin and this incredible collaboration with Paris Hilton.
Do we really need to tell you about Paris Hilton? We'll let you find out about the character but remember that she is one of the oldest (the one who even launched the phenomenon) influencers on social networks. Being famous with no particular skills, just famous for being famous for using a tautology, if nothing else, eh.
In short, it turns out that over time, Paris Hilton has launched into many businesses, ranging from events to the creation of makeup products. Even today, she claims her "Business Woman" side in the image of her grandfather, who is at the origin of the hotel dynasty Hilton.
A quick reminder of Paris Hilton’s journey and her involvement in NFTs
In 2006, she created her company "Paris Hilton Entertainment", a company consisting of 45 branded stores, 29 perfumes and 19 product lines. The company has generated more than 4 billion dollars in revenue since its launch. A businesswoman, that's what Paris Hilton has become and today, she fully assumes this label.
Paris Hilton is now launching into blockchain technology via its investment in Origin, which is particularly interested in NFT. These allow creators, artists and influencers of all kinds to engage with their communities in a different way.
It is on this precise point that Paris Hilton and her team want to invest. For her, it is about the future of the social media economy and influence in general. She has already worked in the NFT field WITH whaleShark and 33NFT for example. She sold NFTs for record amounts on NFT marketplaces. It is perhaps even of all the artists who touch NFTs that they sell the most. Yes, the supposedly brainless doll has a pronounced taste fordigital art.
This digital work representing Paris Hilton (created by the 3D designer Blake Kathryn) was sold for over $1 million on NiftyGateway, as of April 2021.
With the funds raised, Paris made a donation to the Sevens foundation to support emerging NFT artists. She also supports the work of the collective JennyDAO, a notorious community of NFT collectors.
Why cast Paris Hilton on Origin?
It’s true that this is the legitimate question that we can ask ourselves. What will she do for the Origin project? According to the management team, Paris will provide strategic advice and finance certain campaigns. Through its experience in social networks, Paris will provide its know-how so that Origin can best serve the bridges between influencers, artists and social network platforms.
After all, this is his great expertise and it can only be positive for Origin, if only to gain visibility.
Origin Protocol seeks, in fact, to democratize the sale of NFTs to artists. It is even today a very important part of their ambitions.
Summary of what Origin Protocol is
Origin Protocol has one token, an Ethereum token that powers the Origin platform. The goal of the project is to improve decentralized and peer-to-peer markets. The OGN token can be used for staking, project governance and to be able to advertise on the Origin platform.
Origin Protocol therefore aims to disrupt marketplaces and other applications while reducing high transaction fees. Thus, platforms like Airbnb would then be created in a decentralized manner. These would then be more open and more equitable towards all participants with the absence of intermediation.
Thus, with Origin Protocol, both parties (buyer/sellers, for example) will be able to connect directly.
Who are the founders of the Origin protocol?
Origin Protocol is headquartered in San Francisco and was launched in 2017 by Josh Fraser and Matthew Liu. Josh Fraser has a proven entrepreneurial background, having founded 3 companies prior to Origin Protocol. Fraser was also the CTO of the now-closed social media platform Eventvue. Co-founder Matthew Liu worked as a product manager at YouTube.
Yu Pan, the founding engineer of Origin Protocol, worked at Google. He was one of the first employees of Paypal and also co-founded Kiwi Crate. He is certainly the best-known figure on the Origin Protocol team.
What are the benefits of Origin Protocol?
The great novelty of Origin Protocol is its desire to decentralize P2P platforms, by removing traditional intermediaries. Origin Protocol's vision is to create distributed systems where users can freely sell their products.
Origin wants to be a leader in this sector by providing various advantages such as:
- Reduced transaction fees: Origin removes the need for middlemen who charge transaction processing fees.
- Improved incentive system: Origin Protocol rewards users for their contributions to the network through an incentive system (staking). Users of the platform, such as affiliates, are also rewarded with cryptocurrency tokens when they promote and market seller-created items.
- Better accessibility: Traditional marketplaces require consumers to have bank accounts, credit cards or other payment methods, thereby depriving the unbanked of access to their services. Thus, Origin Protocol allows disadvantaged people to access open marketplaces without the need for a bank account.
We can just say that Origin Protocol is tackling a very important sector and that they are forward-thinking.
The OGN token:
We will have the opportunity – if this is not yet very clear – to talk about marketplaces and the innovations that blockchain projects like Origin Protocol want to bring.
- ☞ Discover the Origin project: www.originprotocol.com
- ☞ Buy eTokens (OGN) on multiple platforms like Binance, Coinbase, Coinbase Pro, Binance, Huobi and Upbit
- ☞ Obtain stablecoins pegged to Origin dollars (OUSD): ousd.co
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Disclaimer: This is not investment advice. This is general information. Do your personal research before investing.
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