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The COSG news page aggregates company‑issued announcements and related coverage for Cosmos Group Holdings Inc. and the entity later referred to as Grand Gallery Inc. (OTC:COSG). In its own communications, Cosmos Group Holdings describes itself as operating in two segments, Arts and Collectibles and Financing, with the arts and collectibles activities conducted through its fully owned subsidiary Coinllectibles™. These releases outline how the group combines art, collectibles and Digital Ownership Tokens (DOTs) with lending activities carried out by subsidiaries licensed under Hong Kong’s Money Lenders Ordinance.
News items include partnership announcements, such as a memorandum of understanding between Cosmos Group Holdings and Smart Citi Teknologi to use Art & Cultural DOTs in Smart Cities solutions. Other releases describe collaborations between Coinllectibles™ and auction houses and galleries, where physical artworks and ancient art pieces are paired with DOTs, as well as participation in art fairs where Coinllectibles™ presents both traditional and digital art using 3D autostereoscopic tablets.
Company communications also cover internal developments, including commentary on the growth of DOT‑related activities, the costs of technology development, and a settlement under which DOT technology development entities would be transferred to another party while Cosmos Group Holdings continues to acquire usage of the technology from an affiliated provider. Additional news from Grand Gallery Inc. (OTC:COSG) explains that it is formerly Cosmos Holdings Inc., and addresses the release of a domain previously used for Coinllectibles, clarifying that the current website at that domain has no relation, association or connection with Grand Gallery Inc., its management or affiliates.
Investors and observers can use this news feed to review how COSG describes its arts and collectibles initiatives, DOT‑based digital ownership activities, lending operations and subsequent branding and domain‑related statements over time.
Grand Gallery Inc. (OTC:COSG) warns that the domain www.coinllectibles.art, previously owned by the company (formerly Coinllectibles Inc.), was voluntarily released during a rebrand and has since been acquired by an unknown third party.
The company states the current site displays content originally produced by its prior identity without consent, declares no affiliation with the current operators, advises the public to exercise caution, and reserves all legal rights including cease-and-desist and damages claims. For authentic communications use the company website https://grandgalleryltd.com/ or contact ir@grandgalleryltd.com.
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Cosmos Group Holdings Inc. (OTC: COSG) announces a collaboration with Apollo Arts Auctions to auction five ancient art pieces, accompanied by digital ownership tokens (DOTs). The auction will take place on January 29, 2023, at 12 PM GMT and can be accessed online. This partnership aims to integrate traditional art with blockchain technology, offering buyers both physical and digital ownership. Apollo Arts, founded by Dr. Ivan Bonchev, specializes in ancient art and collectibles and is recognized as a leader in the antiquities market. This initiative reflects a pioneering move in the art world, blending tangible art with digital assets.
On January 17, 2023, Coinllectibles™, a subsidiary of Cosmos Group Holdings (OTC: COSG), announced its successful participation in ART SG, Singapore's first major art fair featuring over 160 international galleries. The company showcased more than 20 artworks, including innovative 3D autostereoscopic tablets displaying digital ownership tokens alongside original prints. With nearly 43,000 visitors, exceeding targets, CEO Terry Lee emphasized the event's role in enhancing connectivity within the art community. Notably, the fair provided a platform for Coinllectibles to demonstrate its technological prowess in the evolving art and collectibles market.
Cosmos Group Holdings (OTC: COSG) concludes 2022 highlighting its achievements across two key business units: arts and collectibles (Coinllectibles) and financial lending. Despite market challenges, Coinllectibles recorded significant revenue growth, forged partnerships with renowned artists, and made three strategic acquisitions to enhance its offerings. The company introduced Digital Ownership Tokens (DOT) to improve the authentication of art and collectibles. Moving forward, Cosmos aims to merge both segments for a comprehensive arts and collectibles financing solution.
Cosmos Group Holdings (OTC: COSG) announced a Settlement Agreement with Dr. Lee Ying Chiu, effective December 15, 2022. The company will issue 400 million shares instead of 800 million as part of this settlement related to the acquisition of Massive Treasure Limited. CEO Dr. Chan Man Chung emphasized the growth in DOT sales, reporting over US$8 million in sales within the first nine months of 2022. However, he noted ongoing high development costs might affect profitability. The company aims to enhance its lending business, which generated US$4.83 million in revenue and US$1.03 million in profits during the same period.
Cosmos Group Holdings (OTC: COSG) subsidiary, Coinllectibles, will showcase emerging Southeast Asian artists at ART SG in January 2023. The event, held at Marina Bay Sands, features over 150 galleries and is expected to attract 40,000 visitors. CEO Terry Lee highlights the synergy of art and technology in their showcase, including innovative 3D technology and unique art purchases. Featured artists include Umibaizurah, David Chan, Gatot Indrajati, and Komkrit Tepthian, known for their unique perspectives and acclaim in contemporary art.
Coinllectibles, a subsidiary of Cosmos Group Holdings, has appointed Terry Lee as CEO effective January 1, 2023. Lee brings over 25 years of experience in art, finance, and business development. He aims to enhance market adoption for digital ownership tokens (DOTs) in the booming global art market, which reached US$65.1 billion in 2021. His leadership is expected to strengthen Coinllectibles' position within the collector community and improve brand recognition. The company leverages blockchain technology to transform the collectibles industry.
Cosmos Group Holdings Inc. (OTC: COSG) announced a partnership with Thai artist Natee Utarit to showcase two new works at the ART SG exhibition in January 2023. This collaboration features Micro History of Politic No. 3 – Lost and Ruin of The Four Noble Truth, both utilizing 3D art DOT technology. Coinllectibles’ Head of Art, Terry Lee, expressed optimism about expanding their artist portfolio following past successes. The press release also includes a forward-looking statement warning investors of various risks associated with operations in Singapore and Hong Kong.
On November 29, 2022, Coinllectibles™, a subsidiary of Cosmos Group Holdings (OTC: COSG), announced its participation in the ART SG exhibition set for January 2023. They will showcase over 25 3D art digital ownership tokens (DOTs) to an expected audience of 40,000 attendees. Featuring advanced autostereoscopic technology, Coinllectibles aims to offer a unique immersive experience for art collectors. Terry Lee, Head of Art, highlights the technological edge of their DOTs, which can be displayed on 3D tablets. The company is also looking to onboard more artists and expand partnerships.
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