ORIGYN Art is a certification platform tailored for the fine art community. We empower the art world to safeguard its inventory and archive documentation of factual and reputable sources associated with the items in a secure, transparent and decentralized environment.
Our goal is to become the world’s most trusted repository of fine art NFTs on the blockchain. We enable art owners to mint on our platform and generate a digital certificate of their physical artworks. The certificates attest to the existence of the artworks and are irrefutably linked to them on the blockchain.
The minting process is validated by our Nodes (art experts) who attest to the veracity of the artwork and its related documentation to provide enhanced transparency and credibility through the ORIGYN Art digital certificate.
We believe truth can be certified, and we enable galleries, artists and collectors to ensure the authenticity and provenance of their treasured art assets via a digital twin. By tokenizing highly desirable physical works of art as NFT certificates, stakeholders may also opt to join Impossible Things, the ORIGYN-powered marketplace, where artworks can be bought and sold and where co-ownership becomes a reality.
ORIGYN Art addresses two primary challenges in the art industry:
Traditionally, sales of physical pieces are often limited to galleries, art dealers and auction houses and ownership confined to a select group of collectors. However, rapid technological developments such as blockchain have accelerated a considerable shift in the art industry toward digitalization of sale processes.
Masterpieces from world-renowned artists will always provide vital benchmarks, both for history and the economics of art collecting, but these pieces have typically been unattainable by the vast majority. ORIGYN Art lowers the barrier of entry for buyers and promotes co-ownership by allowing artists, galleries and art dealers, who certify and authenticate a work of art via a digital twin (NFT), to subdivide the original NFT into pieces and sell portions of the artwork to a broader audience of enthusiasts. This fosters a unique marketplace where individuals can exchange and interact with fine art.
ORIGYN Art is formed and governed by some of the most influential participants in the global art market—from major galleries and art dealers to fairs, collectors and auction houses—who each control and operate as a governance “Node.”
Node status allows select participants to work alongside ORIGYN Foundation by minting certificates and serving as the gatekeepers of authentication. Nodes also receive voting power to help determine the future of the ORIGYN Art vertical, and may operate marketplaces where art pieces are bought and sold (e.g., Impossible Things powered by ORIGYN).
At ORIGYN Art, we create NFTs of physical art and enable co-ownership of highly desirable artworks. We take only the most sought after, collectible pieces and digitally certify them for sale on an open marketplace.
Once our governance approves a physical work of art to be added to the ORIGYN protocol, it is then tokenized as a digital twin—a solitary, tamperproof duplicate of the authenticated physical object. ORIGYN creates this digital twin, which serves as a permanent certificate of authenticity. This becomes the starting point for owners to divide the digital twin into unique NFTs before placing their highly desirable works of art for sale on an open market. It is also the basis for buyers to confirm the authenticity of these select works.
The NFT can be split into pieces, all individual and unique NFTs of their own, for sale digitally. Initial owners of a physical art piece determine the percentage of the artwork they would like to sell, offering instant access to a new dimension in art acquisition and ownership. Buyers can purchase one or multiple NFTs from an array of artworks—all of which can be resold at any time to other collectors. Because each artwork is divided into pieces, every collector acts as a co-owner.
Physical artworks are stored in a highly secure vault in Switzerland while their digital twins are made available by ORIGYN. When the individual pieces are sold, buyers receive their share of the digital work in their portfolio, and owners receive their pro-rata proceeds after fees. Based on its technology, ORIGYN aims to allow any third party to make offers to purchase the physical artwork at any time, as well as enable buyers to vote for an exit price, making decisions in a democratic way.
ORIGYN runs on the Internet Computer (IC), developed by the DFINITY Foundation. The IC is a revolutionary, decentralized global compute platform we leverage to mint, maintain and transfer digital twins. Advanced cryptography and decentralized technology make the protocol tamper-proof and efficiently scalable. Built upon the foundation of the IC’s superior technology, ORIGYN Art aims to become the most secure, accessible and fair art ecosystem ever created.
ORIGYN Art is backed by leading participants in the global art market that operate as Nodes. They are the validators of the minting process and provide reassurance on the legitimacy of the artworks minted on the ORIGYN Art platform.
Voting power is the primary governance mechanism of ORIGYN Art determining the adoption of proposals and key operational functions. Nodes and token holders in the ORIGYN Art ecosystem partake in these decisions, including future product developments.
The ORIGYN Foundation guarantees the legitimacy of the minting process performed by our Nodes.
The ORIGYN-powered marketplace automatically sets aside a percentage of the proceeds from the transactions on the first sale and on every subsequent transaction on behalf of copyright owners for royalty payments.
NFTs, Crypto Markets, WEB3, Origyn Network from a CTO's Perspective
From a background in traditional systems to the forefront of decentralisation in traditional industry, Mike Schwartz has seen a lot. His project, ORIGYN, is an effort to make robust NTFs, or digital twins, of real-world objects.