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.
Coinllectibles, part of Cosmos Group Holdings (COSG), has partnered with Marvel Digital Limited to integrate glasses-free 3D technology into Digital Ownership Tokens (DOTs). This technology allows users to enjoy 3D content without glasses, supported by Marvel's extensive patent portfolio. The collaboration aims to enhance the user experience and differentiate Coinllectibles in the NFT market. Marvel will showcase its large 3D screen at the Global Web 5.0 conference in Singapore on November 1, 2022. The partnership aligns with Coinllectibles' strategy to offer both digital and physical art experiences.
Cosmos Group Holdings (COSG) announced a partnership with Quinting to launch 5 limited edition luxury watches, each accompanied by a Digital Ownership Token (DOT), at the Global Web 5.0 Conference in Singapore on Nov 1, 2022. The watch prices will range from US$38,000 to US$208,000. Quinting, a renowned Swiss watchmaker, is recognized for its craftsmanship and transparent watch movements. This initiative marks Quinting's entry into the Singapore market, aiming to engage wealthy collectors and promote practical uses of NFTs.
Coinllectibles™️, part of Cosmos Group Holdings (OTC: COSG), reported a remarkable year in review since the minting of its first digital ownership token (DOT) on September 6, 2021. Key developments include a successful partnership with OKX and the launch of MetaMall, enhancing sales channels for collectibles. The company noted a revenue surge of over 100%, reaching US$8.8 million for the first half of 2022, compared to US$3.23 million in 2021. CEO Terry Lee emphasized the growth potential in the art and collectibles market, projected to hit US$347 billion by 2030.
Cosmos Group Holdings' subsidiary, Coinllectibles, will host the region's first Web 5.0 Conference in Singapore on 1 November 2022. The event aims to explore the evolution of internet interactions via centralised and decentralised platforms. Key themes include Innovation, Technology and Security, Legal and Regulations, and Investment and Applications. Industry leaders will gather for discussions and presentations, alongside an exhibition of arts and collectibles NFTs. The conference is free but requires registration due to limited seating.
On September 8, 2022, Coinllectibles™️, a subsidiary of Cosmos Group Holdings (OTC: COSG), launched the "Magnificent Ceramic Series," featuring 13 rare ceramics priced at US$3,883,000. This collection includes ancient Qing Dynasty pieces and modern artworks, each tagged with a Coinllectibles' Fusion Digital Ownership Token (DOT) for secure ownership documentation. Noteworthy is the unique "Enameled and Gilded Twelve Chinese Zodiac Signs of Birthday Floral Decoration Plate," highlighting historical craftsmanship. This initiative aims to attract collectors and promote the significance of ceramic art.
Cosmos Group Holdings (OTC:COSG) announces a collaboration through its subsidiary Coinllectibles with renowned sculptor Jonathan Wylder to launch Fusion Digital Ownership Tokens (F-DOTs). The collection features six sculptures, including 'Tessa The Sleeping Muse,' which is highly regarded in Wylder's portfolio. Coinllectibles' recent sales of F-DOTs exceeded USD 100K. This initiative aims to enhance art ownership via blockchain technology while minimizing environmental impact through the use of the eco-friendly Polygon blockchain.
On July 6, 2022, COSG shared insights on its growth amidst market challenges like inflation and the recent cryptocurrency crash. Although affected by the crypto winter, the company has grown its team and partnerships while expanding services. COSG's focus on real-world issues differentiates its Digital Ownership Tokens (DOTs) from typical NFTs. With a projected US$510 million in annual sales turnover, the company aims to disrupt the US$50 billion collectibles market. Despite reporting losses of US$62 million in Q1 2022, the company remains optimistic about future revenue from Web3 initiatives.
Cosmos Group Holdings, Inc. (OTC: COSG) announces its subsidiary, Coinllectibles™️, as the first public blockchain company on the US OTC Markets to provide Web3 as a Service (3aaS) to stakeholders in the arts and collectibles industry. This service aims to facilitate access to the estimated US$87.76 billion Web 3.0 blockchain market by offering businesses tools for implementing blockchain and NFT technology. Coinllectibles™️ is set to enhance transaction ease and security in art dealings with its unique Digital Ownership Tokens (DOTs).
Coinllectibles, a subsidiary of Cosmos Group Holdings (OTC: COSG), announces the release of exclusive POAPs (Proof of Attendance Pictures) for its AMA sessions. These Ethereum-based NFT badges aim to encourage community participation by providing digital collectibles associated with art pieces. The initiative includes the inaugural POAPs featuring Andy Warhol's works. A further AMA session is scheduled for May 4, allowing attendees to engage more deeply with the artist and the collection. The company emphasizes the innovative potential of POAPs in enhancing long-term community engagement.
Cosmos Group Holdings, Inc. (OTC: COSG) announces a collaboration between its subsidiary Coinllectibles™️ and Kiwi Arts Group to offer three limited edition Andy Warhol photographs, signed by photographer William John Kennedy. The portraits include iconic works from 1964, showcasing Warhol’s relationship with art and culture. An online session discussing these works is scheduled for April 20, 2022. This partnership aims to enhance the accessibility of Kennedy’s photography, celebrated for its historical significance.