Coinllectibles Enters Into $30 Million Investment Agreement And Achieves Operational Milestones
Cosmos Group Holdings, Inc. is pleased to announce the public filing of an investment agreement signed with an investor for the purchase of up to US$30million of Cosmos Group Holdings, Inc. This investment into Coinllectibles will go towards funding a number of areas of strategic importance including the technological capability of the company to increase the scale of business operations in 2022 and beyond.
In 2021 Coinllectibles achieved a number of milestones based around the Fusion NFT denoting authentication and ownership of physical art pieces. In the second half of the year Coinllectibles had several successful launches of ceramic pieces and minted NFTs with globally prominent artists. The company also opened a gallery in Hong Kong, made two acquisitions and launched its MetaMall site.
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Commenting on the progress to date, Toby O’Connor, CEO of Coinllectibles said, “2021 was our first year of operations and we made great progress across the business in a number of areas. The foundation work done earlier in 2021 paid off with several successful launches later in the year and promising interest seen in increasing primary and secondary market turnover of Fusion NFTs. We are pleased to start the New Year with this positive news as we look to execute on our business plan and our opportunities in a robust NFT market. Technology development is an area of strong focus, and we are committed to being at the forefront of responsible innovation in this exciting and evolving market of art and collectible ownership.”
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