Welcome to our dedicated page for GRAND GALLERY news (Ticker: COSG), a resource for investors and traders seeking the latest updates and insights on GRAND GALLERY stock.
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.
On November 24, 2022, Coinllectibles, a subsidiary of Cosmos Group Holdings (OTC: COSG), launched a new logo and website as part of its branding campaign. The updated logo features a modern design aimed at enhancing the user experience in the collectibles market through innovation. The website now offers four collections categorized by color, reflecting a commitment to transparency and efficiency. Marketing Director Cherry Leung emphasized the user-centric design and extensive research behind this rebranding effort. The new branding aligns with Coinllectibles' goal to future-proof collectibles for the Web 3.0 era.
The inaugural Web 5.0 Conference in Singapore on November 1, 2022, hosted by Coinllectibles, a subsidiary of Cosmos Group Holdings (OTC: COSG), focused on blockchain applications in Web 2.0 and Web 3.0. CEO Toby O'Connor emphasized enhancing user experience and ownership. CTO Chai Kok Young highlighted Coinllectibles' Digital Ownership Tokens (DOTs) for legal and collectible applications. The event featured NFT art and showcased Coinllectibles' contributions to the collectibles industry. The company aims to tap into blockchain to improve commerce and legal practices.
Cosmos Group Holdings Inc. (OTC: COSG) reports that its subsidiary, Coinllectibles™, has received the "Rising Star" award under the "Best of Class TADS" category at the inaugural TADS Awards. This recognition underscores Coinllectibles' innovations in tokenized assets, specifically their Digital Ownership Tokens (DOTs), which aim to revolutionize blockchain technology adoption. The TADS Awards, established in 2020, honor significant contributions to the tokenized assets and digital securities sectors. The company is looking forward to increased exposure in the Web 3.0 ecosystem and enhancing stakeholder value.
Coinllectibles, a subsidiary of Cosmos Group Holdings, will showcase Digital Ownership Tokens (DOTs) and 3D technology at ART SG, Singapore's largest art fair, taking place from January 12-15, 2023.
Partnering with Art Seasons, Coinllectibles aims to highlight how these technologies can transform the art industry. ART SG features over 150 leading galleries, emphasizing innovation in contemporary Asian art. Terry Lee, Head of Art at Coinllectibles, expressed excitement about the event, emphasizing the potential of DOTs and 3D tech to enhance art experiences.
Cosmos Group Holdings reports significant growth in Q3 2022, with total revenue of US$12.88 million, a 233% increase year-on-year. The arts and collectibles technology segment showed remarkable performance, achieving a revenue spike of US$8.05 million, marking a 1,534% increase compared to US$524,868 in 2021. Despite a comprehensive loss of US$90.26 million, largely due to share-based compensation, the firm holds US$1.97 million in cash with total assets at US$43.97 million.
Coinllectibles, a subsidiary of Cosmos Group Holdings (OTC: COSG), is set to launch a new art collection titled "Clean and Unseen" by Malaysian ceramic artist Umibaizurah. The collection features 15 pieces aimed at promoting sustainable art and includes digital ownership tokens (DOTs) for each artwork. A private showcase will occur on October 31, 2022, at Art Seasons Gallery in Singapore. Umibaizurah expresses enthusiasm for integrating blockchain technology into art, emphasizing its potential for enhancing provenance and market accessibility.
Coinllectibles™, a subsidiary of Cosmos Group Holdings (OTC: COSG), announced that its "Magnificent Ceramic Series," valued at over US$3.8 million, has completely sold out. Launched in September 2022, collectors promptly acquired all 13 pieces. Following this success, Coinllectibles plans to release another collection of 9 items priced at US$547,000, featuring high-quality ceramics with Digital Ownership Tokens (DOT). The new series includes 7 limited edition ceramic paintings and 2 vases, showcasing exceptional craftsmanship.
Cosmos Group Holdings Inc. (OTC: COSG) announced a partnership with 33 Auction to hold Singapore's inaugural art and collectibles Digital Ownership Token (DOT) auction on November 1, 2022. The auction features 33 curated pieces valued over $500K USD, including paintings, sculptures, and limited edition watches, with bids starting as low as S$500 (USD 352). All items come with a DOT, enabling resale on NFT marketplaces. The auction aims to enhance Singapore's art scene and attract new collectors.
Coinllectibles, a subsidiary of Cosmos Group Holdings (OTC: COSG), will celebrate its first anniversary with an arts and collectibles exhibition in Hong Kong on October 25-26, 2022. The exhibition is set to showcase over US$1.11 million worth of art and collectibles DOTs, including pieces from the Coinllectibles Magnificent Series. The event aims to enhance offline engagement after two years of primarily online activities due to COVID-19 restrictions. Coinllectibles is confident that offline initiatives will complement online efforts, boosting brand exposure and sales.
Cosmos Group Holdings (OTC: COSG) has partnered with artist David Chan and Marvel Digital to launch a limited edition of 3D art DOTs, derived from Chan's original work Foreplay Perhaps. This innovative collaboration will be showcased during the first Web 5.0 Conference in Singapore on November 1, 2022. Only five sets of this collectible will be produced, each accompanied by a signed print and a Marvel Digital tablet for an immersive experience. The 3D art DOT represents a significant development in the intersection of art and technology.