Legitimate

Legitimate

Advanced security chips linking physical goods to digital identities, ensuring authenticity and deterring counterfeits. Learn more

Launch date
Employees
Market cap
-
Enterprise valuation
€16—23m (Dealroom.co estimates Apr 2024.)
New York City New York (HQ)

Financials

Estimates*

Edit
Revenues, earnings & profits over time
USD202120222023
Revenues<1m<1m1.3m
% growth-75 %266 %
  • Edit
DateInvestorsAmountRound

$1.4m

Seed
N/A

$30.0k

Early VC
*

$4.3m

Seed
Total Funding€5.2m

Recent News about Legitimate

Edit
More about Legitimateinfo icon
Edit

Legitimate.tech is a startup that operates in the technology and retail sectors, providing a unique solution to authenticate and protect physical products from counterfeiting. Their primary product, the LGT Tag, is a small, discreet device that can be attached to virtually any product, from sneakers to hoodies. Each tag is encoded and encrypted with advanced security protocols, creating a direct link between the physical product and a digital identity. This 'phygital' combination offers unprecedented transparency in product authenticity and provenance.

Once scanned, the LGT Tag provides access to a customizable digital experience, including authenticity information, exclusive digital content, and integrations with major video-game and metaverse ecosystems. This innovative approach not only ensures the authenticity of the product but also enhances the user experience by offering unique digital content.

Legitimate.tech's business model is based on selling these LGT Tags to manufacturers and retailers who want to protect their products from counterfeiting and offer their customers an enhanced product experience. The tags are compatible with industry-standard blockchain protocols and work seamlessly with third-party NFT tools and platforms like Tokenproof, Shopify, and OpenSea.

In simple terms, Legitimate.tech is a company that helps other businesses protect their products from being copied and offers a unique way for customers to interact with the products they buy.

Keywords: LGT Tag, product authenticity, anti-counterfeiting, digital identity, blockchain protocols, NFT tools, physical goods, digital content, product provenance, user experience.

Tech stack

Group
Tech stackLearn more about the technologies and tools that this company uses.