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.
Cosmos Group Holding Inc. (OTC: COSG) reported a net revenue increase to $5,510,344 for the first nine months of 2021, up from $3,414,244 in 2020. In Q3 2021, revenues were $2,282,399. The group's financing loan receivables grew to $19,171,613 from $12,233,824 at the end of 2020. Additionally, the newly acquired Coinllectibles™️ contributed $524,868 in revenue for Q3, with the Fusion NFT sales generating $257,955. Total assets rose to $25,955,550 from $15,258,135.
Coinllectibles, a subsidiary of Cosmos Group Holdings (OTC: COSG), will launch its Fusion NFT Bronze Series 3 on 12 November 2021. This series, priced between US$98,000 and US$228,000, includes four unique ceramic collectibles from Jingde City, known for its high-quality porcelain from the Qing dynasty. Previous launches showed strong interest, with a piece from Bronze Series 1 selling for US$1 million, indicating robust demand in the secondary market.
On October 25, 2021, Coinllectibles™, a subsidiary of Cosmos Group Holdings (OTC: COSG), announced it will accept Colligo Tokens as payment for its Fusion NFTs™️. Although Coinllectibles™️ is not the issuer of Colligo Tokens, it will act as the utility provider. The promotional exchange rate for the Fusion NFTs™️ is set at 1 Colligo Token for $0.10, despite its market price starting at $0.001. This partnership aims to enhance community engagement, allowing Colligo Token holders to participate in various activities, including voting on collectible items and new artists.
On October 21, 2021, Coinllectibles™, a subsidiary of Cosmos Group Holdings (OTC: COSG), announced that its Heritage Series 2 Fusion NFTs™️, featuring four Qing Dynasty era ceramic pieces valued at US$972,000, sold out shortly after launch on the OKEx NFT marketplace. CEO Toby O'Connor expressed optimism regarding collector interest, while Chief Assets Officer Nancy Wong noted the company's plans for future collectible launches. The company operates in arts and collectibles, utilizing blockchain technology to enhance NFT offerings.
Cosmos Group Holdings (OTC: COSG) will launch the Fusion NFT™️ Heritage Series 2 on 21 October 2021 at 12 PM (GMT+8). This series features four rare Qing Dynasty ceramic collectibles, collectively valued at US$972,000. The collection includes notable pieces such as a lacquer engraved vase and two altar-red glazed vessels. Each item will include NFC tags for provenance verification. This series aims to build on the success of previous launches, which saw rapid interest from collectors, enhancing the group's position in the arts and collectibles market.
Coinllectibles (OTC: COSG) has successfully acquired a majority stake in the messaging and cryptocurrency app Talk+ for USD 37 million, marking its largest acquisition to date. This strategic move aims to position Coinllectibles as a leading global player in the Fusion NFT space. Talk+ combines messaging and cryptocurrency transactions, enhancing user engagement and facilitating seamless NFT transfers. The acquisition aligns with Coinllectibles' vision to create a comprehensive ecosystem for NFTs, supporting Web 3.0 interoperability and facilitating secure transactions with encrypted messaging capabilities.
Coinllectibles™, a subsidiary of Cosmos Group Holdings (OTC: COSG), announced the successful sale of its Bronze Series 2 NFTs, totaling US$820,000. The launch generated over US$1.07 million in revenue across two series. CEO Toby O'Connor highlighted the swift sales of the art pieces, emphasizing their cultural significance in Chinese mythology. The NFTs are currently available for resale on the OKEx marketplace. This initiative underscores Coinllectibles' commitment to merging traditional arts with blockchain technology, enhancing the ownership experience for collectors.
Cosmos Group Holdings Inc. (OTC: COSG) reported a successful launch of its Fusion NFTs, generating US$420,000 in sales immediately post-release. Total turnover for these NFTs has reached US$4,789,034 to date. The sold pieces were part of the 'Heritage Series', including two Qing Dynasty art pieces priced at USDT220,000 and USDT200,000. CEO Toby O'Connor expressed optimism regarding the strong community around Coinllectibles. Three additional ceramic collectibles remain available, with prices ranging from USDT125,000 to USDT150,000.
Coinllectibles, a subsidiary of Cosmos Group Holdings (OTC: COSG), is launching Series 2 of its Fusion NFTs™️ Bronze Collection on October 1, 2021, featuring two rare Qing Dynasty ceramic collectibles valued between US$32,000 and US$85,000. This collection is priced at US$820,000, capitalizing on the success of the inaugural series, which appreciated by over 580% within three weeks. The launch aims to showcase exquisite craftsmanship and leverage blockchain technology to redefine art ownership.
On September 22, 2021, Coinllectibles™, a subsidiary of Cosmos Group Holdings, announced a collaboration with French artist Alex Auguste to create a unique NFT titled "Auguste x Coinllectibles™️ Crossover Fusion NFT™️." Auguste, known for his vibrant Pop Art, expressed enthusiasm for NFTs benefiting both artists and collectors. Coinllectibles aims to mint these pieces into their patented Fusion NFTs, bridging the gap between physical art and digital ownership. This initiative signifies a strategic move in the growing NFT market, positioning Coinllectibles as a key player in the arts and collectibles sector.