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SINGAPORE, August 8, 2022 /PRNewswire/ — Metaverse Blockchain Company, Coinllectibles™️, a wholly owned subsidiary of Cosmos Group Holdings, Inc. (OTC: COSG) is pleased to announce the successful acquisition of 58 artworks through the Great Gallery (the “Collection“), taking into account $167,308. The collection is made up of various antiquities from dynastic China spanning the Tang, Song and Qing dynasties.

Tokenization and commercialization of the collection

The latest acquisition of the Collection came after the success of the near sale of the previous collection of 55 sets of collectibles (“55-Together“) which was acquired by Coinllectibles™️ last year. After partially converting the 55-Set into 32 minted DOTs (29 of which have been quickly sold out so far), the 55-Set DOT collection has already generated with success a turnover of $9.28 million for the Company to date.

One of the reasons for the huge success so far was Coinllectibles™️’s strategy of working with renowned galleries.

Commenting on the acquisition, Marsella Cheng, Director of Public Relations at Coinllectibles™️, said: “This is another crucial step for us. We are extremely excited about this new phase of development in the art sector which further defines our positioning between the physical and the digital. We look forward to continuing to build a diverse artistic community around the world through the acquisition of more exclusive classic artworks.”

Forward-looking statements

This press release contains forward-looking statements. All statements other than statements of historical fact are forward-looking statements, which are often indicated by words such as “anticipate”, “believe”, “could”, “estimate”, “expect”, “target”. , “intend”, “look forward to”, “may”, “plan”, “potential”, “predict”, “project”, “should”, “fly”, “would” and similar expressions. These forward-looking statements may include, but are not limited to, statements regarding future business activities, including expansion into the decentralized finance space. These forward-looking statements are neither promises nor guarantees and involve substantial risks and uncertainties. Among the factors that could cause actual results to differ materially from those described or projected herein are the uncertainties associated with operating a business in Singapore and hong kongrisk of PRC government interference, ability to compete, that financial resources may not last as long as expected, and that COSG is a holding company that may not realize the expected benefits of NFTs offered by Coinlectibles™️. A more detailed list and description of these risks, uncertainties and other risks can be found in COSG’s regulatory filings with the United States Securities and Exchange Commission, including its Current Report on Form 10-K filed on April 15, 2022. Existing and potential investors are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. COSG undertakes no obligation to update or revise the information contained in this press release, whether as a result of new information, future events or circumstances or otherwise.

For media inquiries, please contact:

Mrs Marsella Cheng
Director, PR
[email protected]

About Cosmos Group Holdings Inc.

Cosmos is a business group that operates in two business segments:

  • Arts and collectibles
  • Funding

Via CoinlectiblesMTthe group provides authentication, assessment and certification (AVC), sale and purchase, hire-purchase, financing, custody, security and exhibition (CSE) services to buyers of art through traditional channels, as well as leveraging blockchain technology through the creation of non-fungible tokens (NFTs).

With licensed subsidiaries that of Hong Kong Money Lenders Ordinance, the group currently primarily offers unsecured personal loans to individuals, with a small portfolio of mortgages. The group integrates the two business segments by offering secure financing services to potential art and collectibles buyers to provide a unique art and collectibles buying and financing experience.

About the company – Coinllectibles™️

Coinllectibles™️ is a technology company that supports the collectibles industry by focusing on rare memorabilia and works of art that exist and have intrinsic value in the real world, whether tangible or intangible in nature. .

Coinllectibles™️ applies blockchain, marketplace, metaverse and NFT technologies as tools to disrupt and improve the real-world collectibles industry. The technology behind NFTs (non-fungible tokens) has multiple functional use cases that Coinllectibles™️ applies to areas such as art, sports, watches, numismatics, limited edition toys, limited edition fashion clothes and sneakers. NFTs have the power to transform our societies and some areas may be subject to regulations. Coinllectibles™️ uses NFT technology only to provide a legally binding Digital Property Token (DOT) to a tangible or intangible collectible, which our analysis would functionally fall outside of any regulatory parameters.

Website: www.coinlectibles.art

Facebook: https://www.facebook.com/Coinllectibles

Instagram: https://www.instagram.com/coinlectibles/

Twitter: https://twitter.com/coinllectibles

LinkedIn: https://www.linkedin.com/company/coinlectibles

Telegram: https://t.me/Coinllectibles

About Coinllectibles™️ Fusion point

Coinllectibles™️ is proud of the Fusion DOT as the industry’s “Gold Standard”. Being a Gold Standard, a Fusion DOT contains the following on Arweave – (1) a sale and purchase agreement reflecting the purchase, by the person striking the Fusion DOT™️, of the underlying asset at a fair value with all rights and restrictions clearly detailed, (2) lease terms governing the rights of possession while the underlying asset remains with Coinllectibles™️, (3) a deed of transfer reflecting the transfer of ownership of the underlying asset (with all rights and restrictions) by the transferor to the holder of the Fusion DOT™️, (4) the title of ownership recorded in the description of the Fusion DOT™️ and (5) the unequivocal identification file of the underlying asset, the ownership of which is reflected in the legal title represented by the Fusion DOT™️.

SOURCE Cosmos Group Holdings Inc.