Official Announcement from LuxTag’s CEO Rene Bernard to the NEM Community.

The LuxTag Project
Jan 18, 2019 · 2 min read

Dear NEM Community,

As CEO of LuxTag®, I’m more than proud to announce that we received our fourth and final milestone payout this week, crowning a very successful period for our startup. The granting of last week’s patent was the last requirement due to achieve this milestone, and we’re thrilled our technology, solutions, and efforts have been recognized.

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Co-Founders Jeff McDonald, Rene Bernard, Faeez M Noor

All criteria for the final milestone has been completed as LuxTag launched six projects in five different sectors being apparel, luxury, art, education, and identity. All these projects are currently utilizing the NEM Blockchain. The two most remarkable among these were the tagging of luxury watches produced by TechBureau and Chronoswiss and the registration of university diplomas (e-scroll™ solution) on the NEM blockchain for IIUM in coordination with the Malaysian government.

Furthermore, LuxTag received funding from two outside entities excluding the NEM Foundation. The first grant was received from Platcom Ventures on the 24th of October 2017 for US $100,000. The second was our seed round of funding of US $600,000 from xSquared Ventures LLC, a VC from the United States in June 2018 valuing LuxTag at US $6,600,000.

Finally, on the 9th of January 2019, LuxTag has been informed about the granted Innovation Patent from the Patent Cooperation Treaty (PCT) Member Country Australia. We’re expecting to have other patents approved in the future, to further strengthen the technology of both LuxTag and NEM.

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LuxTag Team

The Australian national patent is currently accessible through their public online portal, http://pericles.ipaustralia.gov.au/ols/auspat/applicationDetails.do?applicationNo=2018101669.

I wish to use this opportunity, together with LuxTag’s other co-founders Jeff McDonald and Faeez M. Noor, to thank the NEM Foundation and the NEM Community for the constant support showed towards our project so far. Teamwork and collaboration, combined with committed, talented minds are the strength of both NEM and LuxTag, and we feel honored to belong to the family.

Rene Bernard,

CEO at LuxTag

Link to the NEM Forum — https://forum.nem.io/t/open-letter-from-luxtag-s-ceo-rene-bernard-to-the-nem-community/21576

®“LuxTag”, Trademark registered.

™“e-Scroll”, Trademark of LuxTag.

LuxTag — Everlasting Legacy

LuxTag provides the first ever digitized certificates of…

The LuxTag Project

Written by

LuxTag. Versatile Immutability. | Live Tokenized Assets on Blockchain

LuxTag — Everlasting Legacy

LuxTag provides the first ever digitized certificates of authenticity for any products or assets on a blockchain that will be updatable, can have messages attached, and their conjoint ownership can be flexibly transferred.

The LuxTag Project

Written by

LuxTag. Versatile Immutability. | Live Tokenized Assets on Blockchain

LuxTag — Everlasting Legacy

LuxTag provides the first ever digitized certificates of authenticity for any products or assets on a blockchain that will be updatable, can have messages attached, and their conjoint ownership can be flexibly transferred.

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