Participation in ART SG gave Coinllectibles exposure in the regional art scene with its offerings of traditional and digital art
SINGAPORE, Jan. 17, 2023 /PRNewswire/ -- Metaverse blockchain company Coinllectibles™️, a fully owned subsidiary of Cosmos Group Holdings Inc. (OTC: COSG), is pleased to share that it has concluded its participation in ART SG – Singapore's inaugural art fair that saw more than 160 international galleries from over 35 countries coming together to showcase the finest arts.
Coinllectibles, in collaboration with Art Seasons Gallery, showcased more than 20 artworks, consisting of both traditional art and digital art, including its 3D autostereoscopic tablets which contained a digital ownership token of a specified artwork alongside the original prints from the artists.
"I believe this is the first time anyone has showcased artworks on a 3D glasses-free tablet so visitors who came by our booth were pleasantly impressed. I find that this is a very good opportunity for Coinllectibles to present our technological capabilities to the crowd, as they can physically see and operate the tablets themselves. Also, by participating in Southeast Asia's largest art fair, it allows us to set the stage for fostering greater connectivity between galleries, artists, collectors and curators," says Terry Lee, CEO of Coinllectibles.
According to the organiser, ART SG welcomed almost 43,000 visitors across the 5-day fair, exceeding its target of 40,000 visitors.
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 terms such as "anticipate," "believe," "could," "estimate," "expect," "goal," "intend," "look forward to," "may," "plan," "potential," "predict," "project," "should," "will," "would" and similar expressions. These forward-looking statements may include, but are not limited to, statements regarding future business activities including the expansion into the decentralized financing space. These forward-looking statements are not promises or guarantees and involve substantial risks and uncertainties. Among the factors that could cause actual results to differ materially from those described or projected herein include uncertainties associated with operating a business in Singapore and Hong Kong, risk of interference by the PRC government, ability to compete, that financial resources do not last for as long as anticipated, and that COSG is a holding company that may not realize the expected benefits of DOT's offered by Coinllectibles™️. A further list and description of these risks, uncertainties and other risks can be found in COSG's regulatory filings with the U.S. Securities and Exchange Commission, including in its annual report on Form 10-K filed on April 15, 2022. Existing and prospective 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.
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About Cosmos Group Holdings Inc
Cosmos is a business group that operates in two business segments:
Arts and Collectibles
Through Coinllectibles™, the group provides authentication, valuation and certification (AVC) service, sale and purchase, hire purchase, financing, custody, security and exhibition (CSE) services to art buyers through traditional channels, as well as through leveraging blockchain technology through the creation of digital ownership tokens (DOTs). With subsidiaries licensed under Hong Kong's Money Lenders Ordinance, the group currently primarily provides unsecured personal loan to private individuals, with a small portfolio of mortgage loans. The group is integrating the two business segments by offering secured financing services to prospective art and collectibles purchasers to provide a one-stop arts and collectibles purchasing and financing experience.
About the Company – Coinllectibles™️
Coinllectibles™️ is a technology company supporting the collectibles industry with a focus on rare memorabilia and artworks that exist and have intrinsic value in the real world, whether tangible or intangible in nature.
Coinllectibles™️ applies blockchain, marketplace, metaverse and DOT technologies as tools to disrupt and enhance the real world collectibles industry. The technology underpinning DOTs (digital ownership tokens) has multiple functional use cases that Coinllectibles™️ is applying to areas including art, sports, watches, numismatics, limited edition toys, limited edition fashion wear and sneakers. DOTs have the power to transform our societies and some areas may be subject to regulations. Coinllectibles™️ uses DOT technology solely to provide a legally-binding digital ownership token (DOT) to a tangible or intangible collectible.
About Coinllectibles™️ DOT
Coinllectibles™️ prides the DOT as the industry "Gold Standard". Being a Gold Standard, a DOT contains the following on Arweave – (1) a sale and purchase agreement reflecting the purchase, by the person minting the DOT™️, of the underlying asset at a fair value with all rights and restrictions clearly detailed, (2) bailment terms governing the rights to possession whilst the underlying asset remains with Coinllectibles™️, (3) a transfer deed reflecting the transfer of the ownership of the underlying asset (together with all rights and restrictions) by the transferor to the holder of the DOT™️, (4) ownership title deed written into the description of the DOT™️ and (5) the unequivocal identification file of the underlying asset, whose ownership is reflected in the title deed represented by the DOT™️.
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SOURCE Cosmos Group Holdings Inc.