Creators are able to create their own NFT storefronts with Origin Story. This enables direct engagement with their audiences versus using a large generic aggregator like OpenSea. Origin will now be able to scale thousands of NFT sales at a time instead of being limited to serial high profile drops.
NFT Creators also now have the option to sell NFTs for free. Instead of taking a 15% commission, the standard rate across a variety of platforms for primary sales, we are offering a 15% OGN fee refund. This means that creators will own a stake in the Origin network and be incentivized to spread the word about Origin to their audiences. Too many creators have been locked out of NFTs by high fees and too many creators feel like they do not own a stake in the platforms that they use.
Origin Story will also give creators the power to launch their own marketplace hosted on their custom storefront. This allows them to generate secondary sales and royalties directly on a property that they control with an audience that is focused on their work.
Currently there are 90,539,090 OGN tokens staked. This is nearly 23% of the entire circulating supply of OGN, showing that the community values OGN in the long term and have strong hands.
Circulating supply is currently at 392M compared to a projected 463M tokens. The circulating supply number includes the millions of OGN staked in our staking program, reducing the actual float further. It is also important to note that almost all investor unlocks have already occurred, meaning that there will be fewer catalysts for large amounts of tokens being released onto the market in the future.
Origin’s Spanish language community held a Twitter Spaces with DeFi LATAM to discuss the benefits of OUSD. Over 100 people attended. Latin America is an extremely important market for OUSD and we believe that demand for USD-denominated stablecoins and yield may actually be much higher outside the US. Many Latin American fiat currencies have experienced rapid inflation and access to financial services can be limited. OUSD and DeFi can provide lots of value to this part of the world.
The Origin team will be in Miami for Art Basel. Art Basel is the world’s premier art conference and this year there will be a ton of NFT exhibits and events as the art world has been disrupted by NFTs. While we are there we will be connecting with potential creators and artists and onboarding them onto Origin Story.
We are still looking for an experienced Product Manager for our NFT Launchpad, a Social Media Manager, a Full-stack Engineer, a Senior Growth / Marketing Engineer, and a Senior Solidity Engineer. Check out our job postings, and come join us or refer your friends!