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On February 14, 2022, Coinllectibles, a subsidiary of Cosmos Group Holdings (OTC: COSG), announced its acquisition of 80% of Grand Gallery for HK$6 million. This strategic move aims to enhance Coinllectibles' growth in the NFT space by integrating physical art with blockchain technology. CEO Toby O'Connor emphasized the importance of this acquisition in bridging digital and traditional art, while Gerald Gn expressed optimism about future collaborations with art galleries. The initiative is positioned to attract new customers and expand Coinllectibles' market footprint.
On February 7, 2022, Coinllectibles, a subsidiary of Cosmos Group Holdings (COSG), announced its acquisition of Phoenix Waters Productions for a combined value of US$4.5 million. Coinllectibles will hold a 51% stake in both the Hong Kong and UK entities. This acquisition aims to enhance Coinllectibles' NFT offerings within the entertainment sector, leveraging Phoenix Waters' production capabilities. Upcoming projects include a Cantonese remake of 'Tape' and Asia's first NFT drama series 'Crypto Keepers'. Both companies anticipate significant synergies due to evolving blockchain technologies in media.
On January 25, 2022, Coinllectibles™, a subsidiary of Cosmos Group Holdings (OTC: COSG), announced the successful auction of the Hybrid-NFT™ for the New Gold Penny of Henry III, fetching GBP 18,000. This marks the first collectible NFT coin auctioned by Spink & Sons, with the physical coin sold for GBP 648,000. The h-NFT, starting at GBP 5, reflects a significant innovation in numismatics, merging physical and digital ownership. Proceeds will support selected charities. CEO Toby O'Connor emphasized the importance of this collaboration in enhancing their NFT offerings.
Coinllectibles, a subsidiary of Cosmos Group Holdings (OTC: COSG), partners with Spink to auction the 'Non Fungible Penny,' the first collectible NFT coin from an international auction house. This unique item, linked to a gold coin discovered in Devon, England, will be auctioned on January 23, 2022. The starting price for the Hybrid NFT is GBP 5 (USD 6.70). Proceeds will support charities selected by the vendor and Spink. Bidding can be done using Binance Coin or Colligo Tokens. The press release highlights the company's innovative fusion of NFTs with historical collectibles.
On January 19, 2022, Coinllectibles™, a unit of Cosmos Group Holdings (OTC: COSG), announced the launch of its latest Heritage Series Fusion NFTs™ in time for Lunar New Year. This series features two Qing Dynasty ceramic vases, emphasizing their historical significance and unique craftsmanship. The offerings, intended to celebrate double blessings, are expected to attract collectors. Coinllectibles aims to merge physical collectibles with digital ownership through NFTs, enhancing the art buying experience. More information is available on their website.
Cosmos Group Holdings (OTC: COSG) has announced a public filing of an investment agreement for up to US$30 million to support its subsidiary, Coinllectibles™️. The funds are designated for enhancing technological capabilities and expanding business operations in 2022. Coinllectibles™️ has successfully launched NFT projects and a gallery in Hong Kong in 2021, marking significant milestones in the NFT market. CEO Toby O'Connor emphasized the company's commitment to innovation in art and collectibles ownership as they continue to navigate a robust NFT landscape.
On December 22, 2021, Coinllectibles™, a subsidiary of Cosmos Group Holdings (OTC: COSG), will launch the MetaMall, an online platform for buying and selling Fusion NFTs™. The project features the inaugural NFT by the renowned artist Allan Banford, titled 'Amsterdam', with a price estimate between 1000-1500 BNB (approximately $450,000-$800,000). The MetaMall allows payments in both fiat and cryptocurrency, enhancing accessibility for a broader audience of collectors. The initiative aims to bridge the gap between physical and digital art ownership.
Cosmos Group Holdings (OTC: COSG) announces the launch of its inaugural artist Fusion NFT in collaboration with Adeline Yeo, Singapore's first female finger-painting artist. The NFT, titled "Illumination," symbolizes a heightened state of awareness. The physical artwork is displayed at Coinllectibles' Fusion NFT Gallery in Hong Kong, coinciding with the IMXHK 2021 event from December 1-5, 2021. Coinllectibles aims to redefine art ownership through NFTs, which secure rights and ownership via blockchain technology.
On November 22, 2021, Cosmos Group Holdings (OTC: COSG) announced the launch of Colligo Series 1 by its subsidiary Coinllectibles, set for November 26, 2021. This series will accept Colligo Tokens (COTK) for purchasing Fusion NFTs valued between US$38,800 and US$58,200. Non-COTK holders can also bid using BNB, USDT, or credit cards. The auction promises a gamified experience. CEO Toby O'Connor emphasized the partnership with Colligo aims to enhance community value within the arts and collectibles market.
Cosmos Group Holding Inc. (OTC: COSG) reported a net revenue increase to $5,510,344 for the first nine months of 2021, up from $3,414,244 in 2020. In Q3 2021, revenues were $2,282,399. The group's financing loan receivables grew to $19,171,613 from $12,233,824 at the end of 2020. Additionally, the newly acquired Coinllectibles™️ contributed $524,868 in revenue for Q3, with the Fusion NFT sales generating $257,955. Total assets rose to $25,955,550 from $15,258,135.
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