SINGAPORE – Metaverse Blockchain company, Coinllectibles™️, a wholly owned subsidiary of Cosmos Group Holdings, Inc. (OTC: COSG) is pleased to announce the successful acquisition of 58 art pieces through the Grand Gallery (the “Collection”), with a consideration of US$167,308. The Collection is comprised of various antiques 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 successful near sell-out of the previous collection of 55 sets of collectibles (“55-Set“) which was acquired by Coinllectibles™️ last year. After partially converting the 55-Set into 32 minted DOTs (with 29 of which having been quickly sold thus far), the 55-Set DOT collection has already successfully generated an revenue of $9.28 million for the Company to date.
One of the reason behind the tremendous success thus far had been Coinllectibles™️ strategy of working with renown galleries.
Commenting on the acquisition, Marsella Cheng, PR Director at Coinllectibles™️ said, “This is another critical step forward to us. We are extremely thrilled about this new phase of development in the art business which further defines our positioning between physical and digital. We look forward to continuing to build a diversity in art community across the globe with acquisition of more exclusive classical art pieces.”
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 NFT’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 current 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.
Source: Cosmos Group Holdings Inc.
