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COINSILIUM GROUP LIMITED
("Coinsilium" or the "Company")
Coinsilium Group Limited: Nifty Labs Launches Minter for NFT Marketplace on RSK Mainnet and Token Bridge update
London, UK, 16 September 2021 - Coinsilium Group Limited (AQSE: COIN) (OTCQB: CINGF), the Blockchain, and Open Finance venture builder, is pleased to announce that the NFT 'Minter', a core component of the NFT Marketplace being designed and built by its wholly-owned subsidiary Nifty Labs Limited ("Nifty Labs"), an NFT technology development studio based in Gibraltar, in partnership with portfolio company Indorse Pte. Ltd. ("Indorse"), has now launched on the RSK Blockchain Mainnet.
Highlights:
Nifty Labs NFT Minter has launched on the RSK Blockchain Mainnet
The first NFT to be minted with this Smart Contract is a portrait of Diego Gutiérrez Zaldivar, CEO of IOV Labs Limited ("IOV Labs"), designed in honor of his induction in the Crypto Hall of Fame in June 2021
The Crypto Hall of Fame is hosted by Moonstock, an online gallery specializing in Crypto Art and NFT created by Aaron Koenig, and celebrates major contributors to the blockchain industry with portraits designed by 'Max Cryptohead'
The launch of the Minter is a key milestone towards the completion of the NFT marketplace, which is currently under development.
Development on the wider marketplace project continues to progress well, with overall completion on track and anticipated to be within the initial six-month timeframe.
Concurrently, development on the token bridge by RSK is also progressing well, with a trial and testing phase anticipated to commence this week.
Eddy Travia, CEO of Coinsilium, commented: "We are very pleased to see the progress in what is Nifty Labs' first major undertaking. The deployment of the NFT Minter on the RSK mainnet, alongside its first minting, is a key milestone in the development of the marketplace. We believe that Nifty Labs' solutions, such as the Minter, will trigger a wave of creativity in the RSK-enabled 'NFT on Bitcoin' space and we look forward to seeing a surge of activity by artists and collectors in this new NFT ecosystem."
Progress report: 'NFT on Bitcoin' marketplace
Further to the Company's announcement on 29 July 2020, the development of the NFT marketplace continues to progress well with project completion on track and anticipated to be within the initial six-month timeframe as announced on 11 May 2021. The deployment of the NFT Minter on the RSK Mainnet is a key milestone towards the launch of the NFT marketplace.
The marketplace platform will incorporate various modules including an NFT minter, a gallery, and the capability to trade NFTs for any RSK-based tokens. The marketplace is initially expected to host the most popular NFT categories including digital art, sports, music, gaming and metaverse assets such as parcels of virtual land and 3D avatars.
The first NFT to be minted is a portrait of Diego Gutiérre
Why is it only down 18%?
At least get the name of the company right! FFS! Clowns
Look at the late trades on FLTR tonight, £10m buy in just 2 trades. They report on Tuesday