Metaverse Blockchain Company Coinllectibles™️ (OTC: COSG) sold Coinllectibles™️ #001 more than US$100,000 - almost double the valuation price

Rhea-AI Summary

Cosmos Group Holdings (OTC: COSG) subsidiary Coinllectibles has successfully sold its first Fusion NFT for US$100,000 (28ETH), nearly doubling the item's valuation. The buyer has listed the NFT for resale at US$150,000 USDT. CEO Toby O'Connor expressed satisfaction with the sale's performance, indicating strong demand for Fusion NFTs. The company plans to auction its second and third NFTs shortly and is preparing to launch Crossover Fusion NFTs in Q4 2021. This sale underscores the growing interest in NFT documentation and ownership rights.

Positive

• First Fusion NFT sold for US$100,000, nearly double its valuation.
• High demand for Fusion NFTs indicated by immediate resale value of US$150,000 planned by buyer.
• Plans for additional NFT launches and auctions suggest ongoing business development.

Negative

• None.

SINGAPORE, Sept. 7, 2021 /PRNewswire/ -- Metaverse Blockchain Fusion NFT™️ company, Coinllectibles™️, a fully owned subsidiary of Cosmos Group Holdings Inc. (OTC: COSG), is pleased to announce that it has sold the first Fusion NFT™️.  The buyer paid US$100,000 (28ETH) for a pair of heritage ceramics and it was almost twice the collectible's valuation price. Interestingly, the buyer immediately placed the piece out in the secondary market looking to resell it at US$150,000 USDT.

Commenting on the response, Toby O'Connor, CEO of Coinllectibles™️ said, "We are very happy with the performance for the first day.  Going into the NFT sale, we were aware that we are launching our Fusion NFTs™️ on a new NFT marketplace.  Things started to accelerate when the US markets opened and that was when our first sale happened.  The reselling is an interesting move, which may make sense given it is #001, and we are watching eagerly for its outcome."  

"Coinllectibles™️ #001, our first Fusion NFT™️, had a fixed price of more than US$100,000 (based on 28ETH); while we adopted an auction format for our second and third Fusion NFTs™️.  The fact that we managed to sell it at almost twice the valuation price suggests that there is demand for quality Fusion NFTs™️, which are backed by physical collectible pieces.  It also tells us that NFT collectors are realising the importance of having robust and legally comprehensive documentation within the NFT, which is the gap that our Fusion NFTs™️ perfectly fits.  Admittedly, we are still in early days and we have 2 more pieces to sell.  Nonetheless, these are very encouraging results – especially on the first day," Toby added.

Only 2021 Coinllectibles™️ Series 1 Bronze Fusion NFT™️ 002 & 003 are left for bidding on OKEx NFT marketplace (https://www.okex.com/defi/nft/primary/details?id=191) until 10 Sep 2021 (Fri), 6pm (GMT+8).

Upcoming artist Fusion NFT™️ launches

As a follow-up to the inaugural Fusion NFT™️ launch, Coinllectibles™️ is also making plans to launch the first batch of Crossover Fusion NFTs™️ in quarter four of 2021. 

Commenting on the Crossover Fusion NFTs™️, Nancy Wong, Chief Asset Officer of Coinllectibles™️ said, "Now that we have launched our first batch of Fusion NFTs™️, we are looking forward to rolling out the collectible items we have with some of the internationally renowned artists.  Since our first artist announcement in mid Jun 2021, we have been working behind the scenes to get everything in place.  This includes doing up the sales and purchase agreements, valuation reports as well as digitising the artworks.  All these are done to protect the creators as well as our Fusion NFT™️ holders, and we look forward to bringing these Crossover Fusion NFTs™️ to market very soon."

For pre-registration of interest for future Fusion NFT™️ drops, please visit www.Coinllectibles.Art or join the Coinllectibles™️ Telegram Channel at https://t.me/Coinllectibles.

About Cosmos Group Holdings Inc.

Cosmos Group Holdings Inc. (OTC: COSG) was formerly a television network and multimedia information and distribution company focused on serving the homeland security and emergency preparedness industry. The group's future will focus in the development of blockchain NFT technologies and platforms to facilitate the global trading of arts and collectibles.

About the Company – Coinllectibles™️

Coinllectibles™️ is an ACT (Arts and Collectibles Technology) company, which is redefining how the world thinks about art and collectible ownership in the digital age. 

Their minted curated Fusion NFTs™️, capture all the rights and independent valuation and ownership of physical arts and collectibles securely underpinned by smart contracts stored on the blockchain.

Coinllectibles™️ Fusion NFTs™️ bridge the physical and virtual dimensions of the arts and collectibles market, providing a pleasurable, transparent, and frictionless experience to customers from all walks of life.

Website:                www.coinllectibles.art

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

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

Twitter:                  https://twitter.com/coinllectibles

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

Telegram:              https://t.me/Coinllectibles

About Coinllectibles™️ Fusion NFT™️

Coinllectibles™️ prides the Fusion NFT™️ as the industry "Gold Standard".  Being a Gold Standard, a Fusion NFT contains the following on the Inter Planetary File System (IPFS) – (1) a sale and purchase agreement reflecting the purchase, by the person minting the Fusion NFT™️, 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 Fusion NFT™️, (4) ownership title deed written into the description of the Fusion NFT™️ and (5) the unequivocal identification file of the underlying asset, whose ownership is reflected in the title deed represented by the Fusion NFT™️.

Contact: Ms Rachel Lim, Director of Sales and Marketing, +852-28398100, Rachel.Lim@coinllectibles.art

 

View original content:https://www.prnewswire.com/news-releases/metaverse-blockchain-company-coinllectibles-otc-cosg-sold-coinllectibles-001-more-than-us100-000--almost-double-the-valuation-price-301370529.html

SOURCE Cosmos Group Holdings Inc.

FAQ

What was the selling price of Coinllectibles' first Fusion NFT?

The first Fusion NFT was sold for US$100,000 (28ETH).

What buyer price is Coinllectibles expecting for resale of its first Fusion NFT?

The buyer placed the NFT on the market for resale at US$150,000 USDT.

Are there any upcoming NFT auctions by Coinllectibles?

Yes, Coinllectibles plans to auction its second and third Fusion NFTs soon.

When does Coinllectibles plan to launch Crossover Fusion NFTs?

Coinllectibles is planning to launch Crossover Fusion NFTs in Q4 2021.

What does the success of the first Fusion NFT sale indicate?

It indicates strong demand for Fusion NFTs and a growing interest in NFT documentation and ownership rights.