Metaverse Blockchain Fusion NFT company, Coinllectibles, a wholly owned subsidiary of Cosmos Group Holdings, Inc. is pleased to announce the successful acquisition of Grand Gallery in Hong Kong for a valuation of HK$6million. Grand Gallery is located in Hong Kong and Coinllectibles will own 80% of the entity.
Collaboration and partnerships with art galleries and auction houses is an area of focus supporting Coinllectibles’ growth in 2022. Coinllectibles provides a market leading NFT encompassing certificate of ownership, valuation report and identification criteria working with the strengths of galleries that we form relationships with in a range of benefits to both parties. Coinllectibles is able to add value to galleries and auction houses by providing the NFT minting technological capabilities, as well as access to a wider customer base for art collection, including new entrants to the art and collectibles market looking to diversify and collect traditional or physical art pieces.
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Commenting on the acquisition, Gerald Gn, Head of Corporate Finance at Coinllectibles said, “Throughout the process of securing this acquisition, we are heartened that Grand Gallery was receptive to the idea of delving into the NFT space with its collection of traditional art pieces. It is a huge step forward for them and we definitely welcome others to come onboard as well.”
Toby O’Connor, CEO at Coinllectibles added, “This is another important step forward to us. We are very excited about this new phase of development in the business which further defines our positioning between digital and physical. We look forward to continuing to build partnerships across the globe.”
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