Jun 24, 2022 02:50
Origin Protocol OGN/USD is an Ethereum ETH/USD powered platform that aims to provide non-fungible tokens (NFTs) and decentralized finance (DeFi) on a global scale.
The NFT and DeFi ecosystem found within Origin is governed by its native cryptocurrency known as the OGN token, which allows holders to ensure transparency oversight, as well as the development of the platform as a whole.
The launch of an NFT marketplace builder as a catalyst for growth
As a means of combating many of the non-fungible token (NFT) related scams that have occurred across the crypto space, the Ethereum-based network known as Origin Protocol has launched a new product.
This new product launched on its flagship “Origin Story” is known as “Collections.”
This is a feature that enables digital asset artists as well as creators to essentially build verifiable NFT marketplaces of their own and encourage their buyers to invest through a secure space.
With Collections, NFT artists can custom-build their official websites and even organize a multitude of different NFT collections from a single dashboard, all whilst being able to generate new revenue streams for marketplace fees.
The revenue can be used to fund future projects and developments.
When we look at their first official partner to power the marketplace with Collections, we can see that it is known as Pudgy Penguins.
In any case, this marketplace builder will combat NFT scams and will provide a higher level of utility as well as value to the OGN cryptocurrency.
Should you buy Origin Protocol (OGN)?
On June 24, 2022, Origin Protocol (OGN) had a value of $0.26.
When we take a look at the all-time high of cryptocurrency, we can see that on April 8, 2021, Origin Protocol (OGN) reached a value of $3.35.
Throughout the previous month, Origin Protocol (OGN) had its highest point of value on May 5 at $0.4821. Its lowest point of value was on May 12 at $0.1647. Here we can see a decrease of $0.3174 or 65%.
However, from May 12 to June 24, we can see that OGN has grown by $0.0953 or by 58%.
With this in mind, we can expect OGN to reach a value of $0.5 by the end of July 2022, making it a solid token to buy.
The post As Origin Protocol battles NFT scams with its own builder, how will OGN grow? appeared first on Invezz.
from Market Analysis – Invezz
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