According to the Odaily Planet Daily report, NFT company Legitimate has completed a seed round of financing of US$4.3 million, led by Lemniscap, with participation from Draper Associates, Sfermion Factor VC and others. Legitimate is an on-chain project that aims to synchronize physical assets with their digital counterparts. Through Legitimate's LGT tags, various projects are able to embed digital content into their physical goods. The LGT tag is a special encrypted NFC (Near Field Communication) chip that can be seamlessly integrated into the customer's supply chain and production process.