Coinsilium Group Limited (COIN)
COINSILIUM GROUP LIMITED
("Coinsilium" or the "Company")
Coinsilium Group Limited: StartupGrind Event: The Metaverse, Play to Earn & BlockBots
London, UK, 13 January 2021 - Coinsilium Group Limited (AQSE: COIN) (OTCQB: CINGF), the Blockchain and Open Finance venture builder, is pleased to announce that its CEO Eddy Travia, together with Gaurang Torvekar, CEO of Indorse, a Coinsilium investment portfolio company, will be participating in an online web event entitled "The Metaverse, Play to Earn & BlockBots" to be hosted by StartupGrind Gibraltar on Thursday 27th January at 3pm CET, 2pm GMT.
This free to attend showcase and educational session is designed to provide attendees with
an entry level understanding of these emerging technology applications. The event will be live streamed through the StartupGrind platform and simultaneously in the Metaverse, at the Indorse virtual headquarters in CryptoVoxels.
In August of 2021 Indorse announced the launch of its BlockBots NFT project consisting of a deflationary collection of unique NFT avatars on the Ethereum blockchain. Each BlockBot is a 3D Voxel avatar with specific traits that can be used across Metaverses, games and more. Gaurang Torvekar will take attendees through the origins of BlockBots and the roadmap to launch of the Play to Earn Game.
We would encourage investors in to attend to learn more about this technology and the opportunities Coinsilium are currently engaged in. Further details about the event and registration details are the following link: https://www.startupgrind.com/e/m9aqcw/
The Directors of Coinsilium Group Limited take responsibility for this announcement.
Notes to Editor
NFT terminology lexicon
"Artificial Intelligence" (AI): Artificial intelligence (AI) is intelligence demonstrated by machines, as opposed to the natural intelligence displayed by humans or animals. Some popular accounts use the term artificial intelligence to describe machines that mimic cognitive functions that humans associate with the human mind, such as learning and problem solving.
"Avatar": An avatar is a graphical representation of a user or the user's character or persona. It may take either a two-dimensional form as an icon in Internet forums and other online communities or a three-dimensional form as in games or virtual worlds.
"Augmented Reality" (AR): Augmented reality (AR) is an interactive experience of a real-world
environment where the objects that reside in the real world are enhanced by computer-generated perceptual information. AR can be defined as a system that incorporates three basic features: a combination of real and virtual worlds, real-time interaction, and accurate 3D registration of virtual and real objects.
"Metamask": is a software cryptocurrency wallet used to interact with the Ethereum blockchain. It allows users to access their Ethereum wallet through a browser extension or mobile app, which can then be used to interact with decentralized applications.
"Metaverse": The Metaverse is a collective virtual shared space, created by the convergence of virtually enhanced physical reality and physically persistent virtual space, including the sum of all virtual worlds, augmented reality, and the Internet.
"NFT" or Non-Fungible Token: NFT stands for non-fungible token. Non-fungible is an economic term used to describe things that are not interchangeable for other items because they have unique characteristics or properties such as photos, videos, audio, and other types of digital files. NFTs can be used to tokenise things (or assets) such as art and collectibles, secured by a blockchain and can only have one official owner at a time.
"Play to Earn" or P2E Gaming: Play-to-earn gaming is a new gaming model where participants are rewarded with cryptocurrency or NFTs for participating in games. The games usually require the initial purchase of one or more NFTs which allows players to generate crypto income simply by playing the game. Each game's mechanism can differ, but the rewards typically come from staking, farming a game's currency, or generating tradeable NFT items.
"Smart Contract": NFTs are minted through smart contracts that assign ownership and manage the transferability of the NFT's. When an NFT is minted, code stored in a smart contract is executed that conforms to certain standards, such as ERC-721 (single) or ERC 1155 (multiple). This information is added to the blockchain where the NFT data is stored.
"Testnet": The testnet is an alternative blockchain used for testing. Testnet coins or tokens are separate and distinct from actual coins and are never supposed to have any value. This allows application developers and testers to experiment, without having to use real coins or worrying about breaking the blockchain.
Coinsilium is a focused Blockchain and Open Finance venture operator based in Gibraltar, a pre-eminent global regulatory jurisdiction and a leading hub for innovative financial technology. In 2015, Coinsilium became the first blockchain company to IPO. The Company has evolved to develop revenue-generating strategic advisory services and is a highly regarded innovator with proven technological and commercial expertise and development capabilities in the NFT arena and also within Open Finance.
Coinsilium has developed an array of commercial partnerships and joint ventures around the world to support its development capabilities, giving it access to best-in-class tech experts, a strong network, and asserting its profound industry profile. It has a 50:50 venture with IOV Labs in Singapore, enabling the promotion and commercialisation of RSK's products, services and technologies in global markets; and has partnered with blockchain technology experts Indorse to create Nifty Labs, a Non-Fungible Token ('NFT') technology development studio in Gibraltar.
Coinsilium shares are traded on the APEX segment of the AQSE Growth Market in London, under the ticker symbol "COIN", and on the OTCQB Venture Market in the United States under the ticker symbol "CINGF".
EQS News ID:
End of Announcement
EQS News Service