December 2021 Origin Token (OGN) Holder Update
This post was initially revealed on Origin
Each month, the Origin crew publishes a month-to-month replace to our token holders and broader group. Welcome to the particular December 2021 12 months-in-Assessment version. We’re keen to listen to suggestions and solutions from our group. Please electronic mail [email protected] for assist requests and [email protected] for normal inquiries/feedback. Please electronic mail [email protected] in case you are a creator seeking to launch NFTs on Origin.
Welcome to a particular OGN token holder replace for December which can even function a year-in-review for 2021. Each of our flagship merchandise in Origin Greenback (OUSD) and Origin Story have grown tremendously this yr with key milestones reached on this month. OUSD has grown to almost $300 million in circulating provide and is now one of many largest stablecoins in crypto since relaunching in early 2021. OUSD is now considerably bigger than Gemini Greenback (GUSD) and sUSD (Synthetix). Origin Story has launched a number of record-breaking major gross sales in 2021 and is poised to scale tremendously in 2022, democratizing entry to NFT gross sales and permitting creators to launch their very own branded secondary marketplaces.
OUSD’s circulating provide has practically doubled for the reason that finish of November to $296 million from $175 million. APY stays wonderful and has spent many of the month north of 20%. We’re implementing adjustments that ought to take impact quickly that can dramatically enhance APY. We’re getting an unprecedented quantity of inbound consideration for OUSD from each small holders and huge DeFi whales. Decentralized governance of OUSD has additionally taken off. We now conduct weekly group votes on capital allocation to particular methods and our Discord server is busier than ever.
The OUSD and OGN holder group are among the many most lively members in Curve and Convex governance as nicely. We have now additionally submitted a proposal for OUSD and OGN to be included as collateral belongings for minting DAI on MakerDAO. We’re in lively dialogue with the highest protocols and platforms in DeFi to strengthen our place within the wider ecosystem. OUSD has already been built-in into Curve, Convex, Yearn Finance, APY.Finance, Nexus Mutual, InsurAce, and different main DeFi platforms this yr.
December has been a busy month for Origin Story. We opened up Story for beta testing and introduced two unimaginable NFT launches by Orbseer and 888 Inner Circle with BT. Almost a thousand creators have signed as much as beta take a look at Story and we’ve got additionally surpassed over 17,000 whole customers.
2021 has been an incredible year for Story. We broke data with the most important major sale of a music NFT assortment ever at practically $12 million. We created worldwide headlines by auctioning off one of the iconic movies ever on YouTube as an NFT. We set a document for promoting a cask of whisky with a proof-of-ownership NFT for over $2 million. We have now labored with high creators like Don Diablo, KSHMR, Trevor Jones, Jake Paul, Michael Yamashita, and extra. The NFT business skilled explosive progress in 2021. Issues look even higher for 2022 and we’re in a major place to seize a lot of the worth generated by NFTs subsequent yr.
There are 94,286,029 OGN tokens staked which represents practically 24% of all the circulating provide. Almost all of those tokens are staked for a yr. It is a very sturdy sign that OGN holders consider in the way forward for OGN.
Circulating provide is presently at 397M in comparison with a projected 482M tokens. The circulating provide quantity contains the hundreds of thousands of OGN staked in our staking program, lowering the precise float additional. There is just one remaining investor unlock which is scheduled for February. After this there shall be no extra tokens distributed to buyers, lowering potential promote stress on OGN.
To showcase our dedication to cultivating a vibrant creator-focused ecosystem, we hosted our first invite-only NFT exhibition in Miami with a few of the most progressive creators within the area, together with Orbseer, TedsLittleDream, Ali Sabet, Subtractive and Dr. Sian Proctor, Misplaced Boi, Alex Alpert, and Ninocence. As we proceed to scale our platform and introduce many new, progressive options, we shall be working intently with our early creator companions to make sure what we’re constructing actually issues to them and their collector communities.
This month we introduced the addition of Aaron Faulkner to the Origin core crew. We’re nonetheless on the lookout for an skilled Product Supervisor for our NFT platform, an NFT Analyst, a Finance & Operations Supervisor, a Treasury Supervisor, a Full-stack Engineer, a Senior Progress / Advertising Engineer, and a Senior Solidity Engineer. Take a look at our job postings, and are available be part of us or refer your mates!
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