'Non Fungible Penny' - Hybrid-NFT of New Gold Penny of Henry III Successfully Bought at GBP18,000 at Spink Auction

SINGAPORE, Jan. 25, 2022 /PRNewswire/ -- Metaverse Blockchain Fusion NFT™️ company, Coinllectibles™️, a wholly owned subsidiary of Cosmos Group Holdings, Inc. (OTC: COSG) is pleased to announce that the Hybrid- NFT™️ (h-NFT) for the New Gold Penny of Henry III was successfully bid at GBP18,000 at the auction conducted by Spink & Sons on 23 January 2022. At the same auction, the physical coin was also successfully bought for GBP 648,000.

Following the media release dated 22 January 2022, the "Non Fungible Penny" h-NFT is the First Ever Collectible NFT Coin ever auctioned by Spink & Sons, a renowned collectors' auction house dating back to 1600s, in a first cross-over collaboration with Coinllectibles™️. It is the first ever numismatic NFT sold by an international auction house. Starting bid price for the h-NFT was GBP 5 (USD 6.70 or COTK 2,900 based on then applicable exchange rates) and was bought at GBP 18,000. COTK holders also eagerly took part in this auction, with the highest bid coming in at COTK 3m.

The specially-commissioned virtual moving graphic commemorates that unique moment, as the Hemyock soil is finally removed after 765 years to unearth the most important single coin find made in Britain for over a decade, and the first time a new coin of this type has been placed in the archaeological record for almost 260 years.

The successful bidder of the h-NFT will now hold the digital ownership title (DOT) to the private and commercial licences described therein with respect to the video Mp4 4k UHD file of the New Gold Penny of Henry III. These licences, together with a contractual obligation not to issue another identical h-NFT (meaning that this h-NFT is one of a kind), are minted into the h-NFT and uploaded onto the blockchain for full authenticity and transparency - details can be found on the www.coinllectibles.art website. Proceeds from the auction will be split over charities chosen by the vendor and Spink, specifically The Rodney Cook Memorial Fund and the Himal Foundation.

"Minting has always been at the heart of Spink's business over the centuries. It is through medals minting that we received our first Royal warrant from H.M. Queen Victoria. Whilst embedded in a long tradition we pride ourselves in being one of the most innovative international auction house, and hence we thought it would be very fitting to be the first one to mint a Numismatic NFT. I am very happy we chose to collaborate with Coinllectibles in this project, as their expertise was  a perfect complement to ours, but the passion for history and innovation was clearly shared. After fierce bidding, the NFT went to a good home, or should I say now a "good wallet,"says Olivier D. Stocker, CFA,  Chairman and CEO – Spink & Sons Ltd.

Commenting on the successful partnership with Spink on the auction, Toby O'Connor, CEO of Coinllectibles™️ said, "We are honoured to be working with Spink on their inaugural NFT offering, and are most certainly proud to be a part of this significant event. The hybrid-NFT reflects our continued innovation and collaborative approach to partnership as we bring an increasingly diversified and exciting offering to our ecosystem."  

Forward Looking Statements

This press release contains forward-looking statements. All statements other than statements of historical fact are forward-looking statements, which are often indicated by terms such as "anticipate," "believe," "could," "estimate," "expect," "goal," "intend," "look forward to," "may," "plan," "potential," "predict," "project," "should," "will," "would" and similar expressions. These forward-looking statements may include, but are not limited to, statements regarding future business activities including the expansion into the decentralized financing space. These forward-looking statements are not promises or guarantees and involve substantial risks and uncertainties. Among the factors that could cause actual results to differ materially from those described or projected herein include uncertainties associated with operating a business in Singapore and Hong Kong, risk of interference by the PRC government, ability to compete, that financial resources do not last for as long as anticipated, and that COSG is a holding company that may not realize the expected benefits of NFT's offered by Coinllectibles™️. A further list and description of these risks, uncertainties and other risks can be found in COSG's regulatory filings with the U.S. Securities and Exchange Commission, including in its current report on Form 8-K  filed on September 17, 2021. Existing and prospective investors are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. COSG undertakes no obligation to update or revise the information contained in this press release, whether as a result of new information, future events or circumstances or otherwise.

For media queries, please contact:
Ms Rachel Lim
Director, Marketing & PR
[email protected] 

About Cosmos Group Holdings Inc

Cosmos is a business group that operates in two business segments:

• Arts and Collectibles
• Financing

Through Coinllectibles^TM, the group provides authentication, valuation and certification (AVC) service, sale and purchase, hire purchase, financing, custody, security and exhibition (CSE) services to art buyers through traditional channels, as well as through leveraging blockchain technology through the creation of non-fungible tokens (NFTs).

With subsidiaries licensed under Hong Kong's Money Lenders Ordinance, the group currently primarily provides unsecured personal loan to private individuals, with a small portfolio of mortgage loans.

The group is integrating the two business segments by offering secured financing services to prospective art and collectibles purchasers to provide a one-stop arts and collectibles purchasing and financing experience.

About the Company – Coinllectibles™️

Coinllectibles™️ 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 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 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 Coinllectibles™️ Fusion NFT™️

Coinllectibles™️ prides the Fusion NFT™️ as the industry "Gold Standard". Being a Gold Standard, a Fusion NFT contains the following on the blockchain – (1) a sale and purchase agreement reflecting the purchase, by the person minting the Fusion NFT™️, 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 Coinllectibles™️, (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 NFT™️, (4) ownership title deed written into the description of the Fusion NFT™️ and (5) the unequivocal identification file of the underlying asset, whose ownership is reflected in the title deed represented by the Fusion NFT™️. In summary, a Fusion NFT™️ is a Digital Ownership Title (DOT) to the physical collectible it represents.

About Spink

Spink is the world's leading auctioneer of Stamps, Coins, Banknotes, Medals, Bonds & Shares, Autographs, Wine & Spirits, Books and Handbags & Accessories. Since its foundation in 1666, the Spink name has become synonymous with tradition, experience and integrity. Holder of royal warrants and numerous records for prices achieved at auction, Spink offers an unparalleled range of services to collectors worldwide. Headquartered in London, with offices in New York, Hong Kong, Singapore and Switzerland, Spink holds over 70 auctions a year. Catalogues can be accessed through the Spink website (www.spink.com), Spink Live online bidding platform (www.live.spink.com) or via the Spink App for mobile phones and tablets.

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SOURCE Cosmos Group Holdings Inc.