NFT company Legitimate has completed a US$4.3 million seed round of financing, led by Lemniscap, with participation from Draper Associates, Sfermion Factor VC and others.
On-chain project Legitimate aims to synchronize physical assets with their digital counterparts. Through Legitimate’s LGT tags, Legitimate enables projects of all kinds to embed digital content into their physical goods. The LGT tag is a special encrypted NFC (Near Field Communication) chip that integrates seamlessly into customers’ supply chains and production processes. (CoinDesk)