Legitimate Completes $4.3 Million Seed Round, Led by Lemniscap

PANews reported on April 3 that Legitimate, an on-chain project designed to synchronize physical assets with their digital copies, has successfully completed a $4.3 million seed round of financing. This round of financing was led by Lemniscap, with participation from Draper Associates, Sfermion, Factor VC and others. Legitimate allows projects to embed a wide range of digital content into physical goods through its LGT Tags technology. The technology has been used by Puma, AMBUSH and Roc Nation to deliver unique consumer experiences, enabling products to become a fusion of the physical and digital.