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Classified in: Science and technology, Business
Subject: SLS

Coinllectiblestm? inaugural Fusion NFTstm? saw capital gains of more than 333% in a week with total transaction value exceeding US$2.45million


SINGAPORE, Sep.17, 2021 /PRNewswire/ -- Metaverse Blockchain Fusion NFTtm? company, Coinllectiblestm?, a fully owned subsidiary of Cosmos Group Holdings Inc. (OTC: COSG) is pleased to provide an update on the transaction performance of the inaugural Fusion NFTstm?.  

The first batch of Fusion NFTstm? that was put up for sale was made up of collectible ceramic art pieces, which had independent valuations ranging from US$64,300 to US$128,600. For the launch, Coinllectiblestm? sold the inaugural batch of Fusion NFTstm? for a total of US$251,034

Based on records available on OKEx, the items were collectively bought and resold by 10 different buyers, each represented by a unique OKEx wallet ID. As at 6pm (GMT+8) on 17 Sep 21, the total transaction value for the inaugural batch of Fusion NFTstm? stands at US$2,459,034. This figure is derived by adding all the successful transactions of the Fusion NFTstm? since it was launched on 7 Sep 21.   

In terms of capital gains, the inaugural Fusion NFTstm? were last transacted for a collective value of US$835,074. This works out to be a 333% increase from the original value of US$251,034. Coinllectiblestm? #001 saw the largest capital gains ? with the last transacted price of US$650,000, the item saw a 685% increase from the original selling price of US$94,850

Profits wise, each buyer made an average of US$83,430. On the other hand, the top 2 most profitable transactions saw Fusion NFTtm? owners making US$190,000 and US$140,000 respectively. 

Commenting on the resale activities, Gerald Gn, Corporate Finance Director of Coinllectiblestm? said, "As a company, we observe the resale market activities with much amusement.  Coinllectibles' mission is to find good projects for our Fusion NFTstm? and we do not really focus on how our Fusion NFTstm? perform in the resale market. However, the fact that there is much interest in the resale market for the Fusion NFTstm? seems to suggest that we must be doing something right ? in terms of unlocking the  demand for collectible items within the crypto-community."   

"When Coinllectiblestm? started, we had a belief that there was a huge yet latent demand for physical collectibles among the digital currency holders. Based on Statista, more than US$12billion worth of arts and collectibles were sold online in 2020. This was a 100% increase from the year before. Such trading activities seem to suggest that our Fusion NFTstm? can offer collectors another way to invest and make money. This also reinforces our belief that the future for NFTs will be a fusion of physical and digital NFT ownership. We are still in our early days, however we are very encouraged by the early results," Gn added.   

Currently, the 3 collectible items from Coinllectiblestm? Bronze Series 1 are still listed on OKEx NFT marketplace. The resale Coinllectibles #001 is presently on sale for USDT1,000,000 and can be viewed from https://www.okex.com/defi/nft/markets/detail?id=29978. The resale Coinllectibles #002 is presently on sale for USDT153,000 and can be viewed from https://www.okex.com/defi/nft/markets/detail?id=29979. The resale Coinllectibles #003 is presently on sale for USDT117,000 and can be viewed from https://www.okex.com/defi/nft/markets/detail?id=29980.   

Following the success of the inaugural launch, Coinllectiblestm? is gearing up for the next launch.  For pre-registration of interest for future Fusion NFTtm? drops, please visit www.Coinllectibles.Art or join the Coinllectiblestm? 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 ? Coinllectiblestm? 

Coinllectiblestm? 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 NFTstm?, capture all the rights and independent valuation and ownership of physical arts and collectibles securely underpinned by smart contracts stored on the blockchain. 

Coinllectiblestm? Fusion NFTstm? 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 Coinllectiblestm? Fusion NFTtm?  

Coinllectiblestm? prides the Fusion NFTtm? 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 NFTtm?, 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 Coinllectiblestm?, (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 NFTtm?, (4) ownership title deed written into the description of the Fusion NFTtm? and (5) the unequivocal identification file of the underlying asset, whose ownership is reflected in the title deed represented by the Fusion NFTtm?. 

Contact: Ms Rachel Lim, Director of Sales and Marketing, +852-28398100, [email protected]

SOURCE Cosmos Group Holdings Inc.


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