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Origin Protocol is a project focused on developing web3 technologies aimed at popularizing non-fungible tokens (NFTs) and decentralized finance (DeFi) among a broad audience. It has two main products: Origin Story, an NFT marketplace solution, and Origin Dollar, a unique stablecoin.
Origin Story provides a white-label NFT marketplace platform tailored to various industries, including real estate, music, and art. This platform not only hosts NFT marketplaces but also offers specialized NFT tooling that enables brands to leverage non-fungible tokens innovatively. Features of this tooling encompass token-gated access, support for diverse file formats, NFT auctions, and specialized tokens like soulbound tokens. To ensure scalability and reach, Origin Story marketplaces are integrated with the Polygon network, and the team is assessing other potential scaling solutions.
On the other side, Origin Dollar (OUSD) is a fully collateralized stablecoin designed to automatically provide yield to users' wallets.
Origin Dollar Governance (OGV) token was introduced as a governance mechanism for the Origin Dollar. Distributed to OGN holders in 2022, OGV allows holders to participate in voting processes related to collateral allocations across DeFi pools. Moreover, it accumulates value from the revenue generated by the stablecoin protocol. This establishes OGV as a pivotal component in the decision-making and value accrual of the Origin Protocol’s financial ecosystem.
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