Coinllectibles records turnover of US$4,789,034 through its Fusion NFTs offering. In fact, the Coinllectibles today reported that its Fusion NFTs worth US$420,000 were promptly snapped up after Bronze Series 2 launch.
Let’s check what is Coinllectibles and how it is differentiating itself from other Non-fungible Tokens.
What is Coinllectibles?
Coinllectibles, a wholly owned subsidiary of Cosmos Group Holdings Inc. (OTC: COSG), is the first publicly traded metaverse blockchain Fusion NFTs technology company on the US OTC Markets that redefines art and collectible ownership in the digital age.
In June, Cosmos Group signed a deal to acquire 100% of Massive Treasure Limited, owner of Coinllectibles. Cosmos Group was formerly a television network and multimedia information and distribution company focused on serving the homeland security and emergency preparedness industry. The group has planned to focus in the development of blockchain NFT technologies and platforms to facilitate the global trading of arts and collectibles.
Coinllectibles is presently not a NFT marketplace. Through the use of NFTs, the company’s key focus is to bridge the physical and virtual dimensions of the arts and collectibles market, and help collectors and creators improve the collection experience.
Coinllectibles curates and mints a wide range of collectible items into its proprietary Fusion NFTs – such as art pieces, sculpture and watches.
What is a Fusion NFT, and how is it different from a regular NFT?
Coinllectibles has developed a proprietary NFT format – which they call ‘Fusion NFT’. The Fusion NFT provides a ‘gold standard’ of rights and title of ownership of a digital asset, securely underpinned by smart contracts and legal documents stored on the blockchain, that are connected to a physical asset.
Within the blockchain, a regular NFT will only have one Uniform Resource Identifier (URI) link to the InterPlanetary File System (IPFS). Using a regular NFT, an artist would store their digital artwork within the IPFS. There is a limitation on how much information can be provided within a regular NFT, due to how it is programmed.
Unlike regular NFTs, a Fusion NFT allows multiple information to be embedded within the single URI link (i.e. contract, reports, image, etc.), thus making the Fusion NFTs more robust in capturing relevant information of the collectible items.
The creators describes “Coinllectibles” as 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 NFTs capture all the rights and independent valuation and ownership of physical arts and collectibles, securely underpinned by smart contracts stored on the blockchain.
Coinllectibles Fusion NFTs bridge the physical and virtual dimensions of the arts and collectibles industry, providing a pleasurable, transparent, and frictionless experience to customers from all walks of life.