Coinsilium Group Limited (COIN) Coinsilium Group Limited: Web3
Crypto Investment Portfolio Update 02-Feb-2023 / 07:00 GMT/BST
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COINSILIUM GROUP LIMITED
("Coinsilium" or the "Company")
Coinsilium Group Limited: Web3 Crypto Investment Portfolio
Update
London UK, 02 February 2023 - Coinsilium Group Limited (AQSE:
COIN) (OTCQB: CINGF), the Web3 investor, advisor, and venture
builder is pleased to provide an update on its portfolio of Web3
Crypto Investments.
Over the course of 2022, Coinsilium deployed the equivalent of
USD575,000 from its crypto treasury reserves to invest into several
pre-seed and seed-stage Web3 focused ventures in the DeFi,
Metaverse, Crypto Trading, Play and Earn Gaming, and Fashion space.
Coinsilium also entered into advisory service agreements with most
of these new ventures.
These Web3 ventures are aiming to issue a utility token at a
future stage through a Token Generation Event ("TGE"). The Token
will represent the economic interests of all participants and
stakeholders in the project, including the founders, investors and
the community of users of their services. As an early stage
investor and advisor, Coinsilium's economic interests in each
venture takes the form of an entitlement to future tokens to vest
in accordance with the terms set out in each individual investment
and/or advisory agreement.
Yellow Network
Yellow is a decentralised layer-3 peer-to-peer network that uses
state channel technology to securely exchange liquidity &
facilitate trading, clearing, settlement, and compliance. By
design, Yellow Network solves the problem of liquidity
fragmentation and introduces a network of broker nodes for a more
efficient and truly decentralised trading infrastructure.
On 21 April 2022, Coinsilium announced an investment of
USD200,000 under a Simple Agreement for Future Tokens ("SAFT") with
Layer3 FinTech Ltd in return for a yet-to-be-determined number of
YELLOW tokens, the native token of Yellow Network.
On 28 January 2023, Yellow Network successfully completed a VIP
funding round on the LaunchBlock platform selling 2,631,578 Yellow
tokens at a unit price of USD0.038. This price represents a minimum
of 3x uplift from the price at which Coinsilium's Yellow tokens are
expected to be allocated.
Silta Finance
Silta Finance AG is a Swiss registered company building a bridge
connecting Decentralised Finance (DeFi) to fund
sustainability-conscious infrastructure projects. The Silta Impact
Marketplace is the meeting place where borrowers and financiers can
connect with each other to make sustainable infrastructure projects
a reality. Silta conducts due diligence and sustainability impact
scoring on borrowers' debt financing applications, assigning them a
specific Silta Score.
On 5 May 2022, Coinsilium announced it had entered into an
Advisory Agreement and Early Contribution Agreement ("ECA") for
USD75,000 in return for a yet-to-be-determined number of future
SILTA tokens, the utility token of the Silta ecosystem, to vest
over a period of time.
Silta has recently announced the launch of the Silta Impact
Marketplace decentralised application (desktop version available on
silta.finance). This version includes a list of sustainability
projects already pre-qualified by Silta, and a borrower portal
where borrowers can register, manage and submit loan
applications.
In his end of year update, Silta's CEO, Ben Sheppard, announced
that Silta has started to enter into commercial contracts with
several borrowers aiming to build renewable energy projects in
South America.
The Silta Score, which reflects the creditworthiness and the
social and environmental impact of an infrastructure project, has
progressed significantly and Silta is now testing three versions of
its due diligence methodology.
Silta is currently undertaking due diligence on the first three
solar projects:
-- A USD80k rooftop solar project with 75 kW of installed
capacity in Brazil which could reduce greenhousegas emission by an
estimated 50 tonnes of CO2 equivalent per year while generating an
estimated 690 MWh greenelectricity per year.
-- A USD14m solar micro grid project in Palawan, Philippines,
comprising a package of 16 mini-grids poweredby solar PV energy,
power distribution, and billing and collection infrastructure.
7,100 households withapproximately 30,000 people and 300+ small
local businesses will be fully connected and energised by the
project.
-- A USD100m portfolio of solar projects in Colombia and Brazil.
Details about these projects will beannounced soon on the Silta
Impact Marketplace.
Silta charges transaction advisory fees at various stages of the
borrowers project lifecycle from due diligence, financial close and
loan administration.
Ben Sheppard also recently recorded a CEO Q+A session arranged
by Queso Finance for Coinsilium shareholders which can be viewed
here:
https://youtu.be/i89vjBMoHJE
GGs.io
GGs.io is an organisation founded with the purpose of bringing
new experiences and earning opportunities to gamers. Their efforts
are aimed at forging a space where players from all over the world
can win prizes by playing games, competing or just relaxing. All
members of the organisation are passionate about gaming and are
committed to providing an optimal experience and as many benefits
as possible to users. The GGs.io founding team members have
contributed in the build of successful e-sports ventures in Latam,
launching and operating successful communities and events for
brands such as Razer, Red Bull, Claro Gaming, ViacomCBS and
Supercell, among others, over the past five years.
On 22 June 2022, Coinsilium announced that it has entered into
an Advisory Agreement and SAFT with GGs.io for USD100,000 in return
for a yet-to-be-determined number of future GGs.io tokens, the
utility token of the GGs.io gaming ecosystem.
Since then, GGs.io has demonstrated constant progress and has
been busy building a growing community of gamers which has now
reached 170,000 members.
In addition to Coinsilium, GGs.io investors include
California-based Boost VC led by Adam Draper, and Ripio Ventures ,
the venture arm of Ripio, a major player in the cryptocurrency
space in Latam. The GGs.io team recently joined the first
mentorship program of Orange DAO, a Web3-focused fund created by Y
Combinator alumni.
As explained by Nicolas Cortes, CEO of GGs.io, in this recent
interview published by Queso Finance, the Latin American market
represents a most exciting opportunity for Web3 gaming and GGs.io
soon expects to unveil its marketplace which will enable gamers to
play and earn from GGs.io's partners and clients.
https://www.youtube.com/watch?v=Yx-25ayfw9w&t=19s
Metalinq Labs
On 25 July 2022, Coinsilium announced its backing of Metalinq, a
metaverse interoperability layer-3 protocol, with USD200,000 as
initial pre-seed funding in return for a yet-to-be-determined
number of future USDMLINQ tokens to be distributed over a vesting
period.
Metalinq is aiming to solve one of the main barriers to the
broad adoption of blockchain-based metaverse: the interoperability
of unique digital assets (i.e. NFTs) between different
metaverses.
Ethereum Improvement Proposal 5606
In September 2022 Gaurang Torverkar, Metalinq's co-founder,
submitted a proposal for a new Multiverse NFT standard, ERC-5606.
The proposal is currently under peer review by the Ethereum
developer community and can be accessed via the Ethereum website
here:
https://eips.ethereum.org/EIPS/eip-5606.
As stated by Gaurang in the proposal, the need for the new
standard protocol is very clear "if a brand releases a new sneaker
across various metaverses, it would be minted as a separate NFT on
each platform. However, it is, in reality, the same sneaker. There
is a need to represent the relationship and transferability of
these types of NFTs (...). The ecosystem needs a better framework
to address this issue (...)".
In November 2022, a Medium article was published expanding on
the rationale behind the Metalinq Multiverse NFT as a universal
representation of multiple NFTs as a single digital asset across
various metaverses and gaming platforms:
https://medium.com/coinmonks/multiverse-nft-eip-5606-f7494bce2152.
The development of a new ERC standard is a rare event and we
believe it demonstrates the technical talent and vision of the
Metalinq team. Should the EIP be approved by the Ethereum Community
it will become the very first ERC standard for Metaverse
interoperability which has the potential to become a core driver
for global adoption and bodes extremely well for Metalinq's future
prospects.
Investors can view a presentation on the Metaverse and NFTs
featuring Coinsilium CEO Eddy Travia and Metalinq Co-founder
Gaurang Torvekar which was delivered to members of the Gibraltar
Association of New Technology ("GANT") on 27th January 2023:
https://youtu.be/CyU7qMSPrW8
Blvck Paris
Blvck Paris is a global lifestyle fashion brand. Founded in
2017, Blvck Paris pioneered an engaged community that loves the
colour black and aspires to the aesthetic and monochrome lifestyle,
pursuing quality and design. Today, the brand is home to an
impressive collection of lifestyle clothing, accessories and
digital goods.
On 18 February 2022, Coinsilium announced it had been appointed
as advisor to Blvck Paris for the launch of its 'Blvck Genesis' NFT
collection. Coinsilium acted as main backer for the Genesis
Collection drop and currently holds 252 Blvck Genesis NFTs. The
Blvck Genesis collection is traded on the Opensea NFT
Marketplace.
https://opensea.io/collection/blvckgenesis
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