RE: NFT Opportunities7 Mar 2021 11:22
Hi Brigstock
The JV with RedFox has the potential to deliver and I agree with the cautionary approach to sound out the market prior to expanding there offering and incurring costs , However , Coin,s NAV is a bit vague & We have witnessed numerous JV,s and new projects announced but as 8 February 2021, the USD value of Coinsilium's vesting and fully vested cryptocurrency and token treasury, excluding cash at bank, stood at USD1,984,635. This is predominantly denominated in highly liquid cryptocurrencies and tokens including BTC (Bitcoin), ETH (Ethereum), ICX (ICON) and RIF (RSK Infrastructure Framework), including USD214,703, denominated in RIF, which will vest monthly over the forthcoming 21 months.
I want so much as the next holder here for coinsilium to be Uber successful,But its hard to envisage a strong revenue growth in the short to medium term ,Coinsilium are not a start up they have been in the Blockchain space since inception ,Indeed the first to list !!! So the track record is not something one can refer to in confidence tocross reference the future
For Me the biggest appeal is that one can hold Coinsilium in an ISA that is a huge advantage to attract incoming funds within the UK investing community, So what's detering British PI,s from investing in a Tax Free listed entity with 5 years experience in a Red Hot sector Crypto / B;lockchain NOW targeting an sector thats Boiling over namely NFT,s ? That needs to be addressed
Maybe looking back on fundamentals and roadmap of success might be the obstacle to adoption,That will have to change PDQ for the market to believe that Coin are able to deliver considerable ROI from this future NFT project