Blockchain
DogeCoin and Tronix accepted for Fusion NFT™️ Auction by Metaverse Blockchain Company Coinllectibles™️
Metaverse Blockchain Fusion NFT™️ company, Coinllectibles™️, a fully owned subsidiary of Cosmos Group Holdings Inc. (OTC: COSG), is pleased to announce that it will be accepting Dogecoin (DOGE) and Tronix (TRX) as payment for the Fusion NFTs™️ that it will be putting up for auction tomorrow.
The inaugural Fusion NFT™️ auction is scheduled to be on 7 Sep 2021 at 12.00pm (GMT+8) via the OKEx NFT marketplace. Settlement for the auction will be in Ethereum (ETH).
For DOGE and TRX bidders, they would have to first convert their respective currencies into ETH to bid for the item. If they are successful in their bid, they would first have to pay Coinllectibles™️ via the OKEx NFT marketplace. At that point, the exchange rates between ETH and DOGE/TRX would be locked in. The buyer will then have 3 working days to decide whether he/she wants to make the purchase in ETH or DOGE/TRX. If the buyer decides that he/she prefers to pay in DOGE/TRX, he/she can swap the equivalent DOGE/TRX into ETH with Coinllectibles™️.
To illustrate, if a buyer wins the bid at 100ETH and the exchange rate for DOGE at that point is 1ETH to 13,000 DOGE, the buyer will have 3 working days to decide whether to swap. If the buyer prefers to keep ETH, he/she will have to transfer 1.3million DOGE to Coinllectibles™️ in exchange for 100ETH.
Commenting on the mechanics, Benny Phang, Director of Partnerships said, “We have seen strong response from bidders on how to participate in our inaugural auction. A lot of the queries have been focused on how they can join in the bidding and the type of coins that they can use. After much discussion, our management has decided to accept DOGE and TRX as we want to be more inclusive and make our Fusion NFTs™️ accessible to as many people as possible. Even though buyers will have to use ETH to pay first, through such a swap arrangement, buyers can ultimately decide which tokens they would want to use to pay for the auctioned items.”
“With respect to the type of cryptocurrencies that Coinllectibles accept, we are just starting with DOGE and TRX for now. Depending on what the response is, we are open to any suggestions to accept a wider variety of cryptocurrencies in time to come. We have many ideas and partners we can work with and we see this as a way to add greater value to the overall blockchain community,” added Benny.
More details on the inaugural Fusion NFT™️ auction items
The inaugural batch of Fusion NFTs™️ comprises ceramic artifacts that date back to between 1735 and 1796. During this period, China was one of the wealthiest and most populous nations in the world.
Buyers of Fusion NFTs™️ will own the NFT along with the physical art. The owner can decide whether to take possession of the collectible item or have it put on display in the Coinllectibles™️ Fusion NFT™️ Gallery in Hong Kong. Owners who put their item on display in the Gallery will also have the privilege of having their names displayed besides their collection.
Within the NFT, 4 legal documentations are attached – (1) transfer deed, (2) sale and purchase agreement, (3) bailment terms and (4) valuation report. The details have been uploaded on the InterPlanetary File System (IPFS) and can be accessed in the links below.
1. 2021 Series 1 Coinllectibles™️ Fusion NFTs™️ Bronze No 001:
Item link: https://www.coinllectibles.art/en/modern-famille-rose-boys-and-peaches-meiping-en
Transfer Deed: https://ipfs.io/ipfs/QmV87jUoGuKZBfVy2czT38WwhnyUXC2pJSzZroo6jrSRQZ
Sale and Purchase Agreement: https://ipfs.io/ipfs/QmSbFS4JRRe66bEpn5WtLbGp9x1XXmmi5JVrEAJB7874X6
Bailment Terms: https://ipfs.io/ipfs/QmWBUVkY9qkUChMXmJ4iP2kD7iV5FkBYcMKAuoJqH8BQX4
Appraisal Report: https://ipfs.io/ipfs/QmbS7BKF5HGb35ZUK8UZARuy3F52Xf1yHeRrA6dQQQMBsR
2. 2021 Series 1 Coinllectibles™️ Fusion NFTs™️ Bronze No 002:
Item link: https://www.coinllectibles.art/en/modern-famille-rose-landscape-in-reserve-tibetan-ewer-duomu-en
Transfer Deed: https://ipfs.io/ipfs/QmV87jUoGuKZBfVy2czT38WwhnyUXC2pJSzZroo6jrSRQZ
Sale and Purchase Agreement: https://ipfs.io/ipfs/Qmb5ah76evmw33NEW7prkfCpGiv6iThqt8qW8Eo3a4FSAo
Bailment Terms: https://ipfs.io/ipfs/QmWBUVkY9qkUChMXmJ4iP2kD7iV5FkBYcMKAuoJqH8BQX4
Appraisal Report: https://ipfs.io/ipfs/QmZ99QJcmoAN39qADntQcgJE68zXcPcrjjdMbDJyVV9YV9
3. 2021 Series 1 Coinllectibles™️ Fusion NFTs™️ Bronze No 003:
Item link: https://www.coinllectibles.art/en/modern-famille-rose-boys-and-peaches-meiping-eng
Transfer Deed: https://ipfs.io/ipfs/QmV87jUoGuKZBfVy2czT38WwhnyUXC2pJSzZroo6jrSRQZ
Sale and Purchase Agreement: https://ipfs.io/ipfs/QmVBp16vqHA1cN9zhB9Y2j2YCYRrWvmt5Mxfm65n6zMH4R
Bailment Terms: https://ipfs.io/ipfs/QmWBUVkY9qkUChMXmJ4iP2kD7iV5FkBYcMKAuoJqH8BQX4
Appraisal Report: https://ipfs.io/ipfs/QmZee54bBmJDbTu68eyvGFWEq1AyM7GMgrgtiFd7rsiUmQ
For pre-registration of interest for future Fusion NFT™️ drops, please visit www.Coinllectibles.Art or join the Coinllectibles™️ Telegram Channel at https://t.me/Coinllectibles.
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Blockchain
Blocks & Headlines: Today in Blockchain (BlackRock, Plume, SEALSQ, Hedera, Deutsche Bank, KuCoin)
Blockchain technology continues to drive innovation across industries, reshaping finance, infrastructure, and philanthropy. Today’s news roundup explores exciting developments in blockchain ETFs, tokenization funding, quantum-resistant chips, public blockchain initiatives, and impactful social projects. Here’s a deep dive into the latest blockchain headlines:
BlackRock ETF Embraces Blockchain with First Muni Bond Purchase
BlackRock’s blockchain-focused ETF has made its first foray into municipal bonds, signaling increased confidence in integrating blockchain technology with traditional finance. The ETF’s strategic investment demonstrates how blockchain can enhance transparency and efficiency in bond markets.
By tokenizing municipal bonds, BlackRock aims to simplify trading and settlement processes while reducing associated costs. This development underscores the growing role of blockchain in transforming financial instruments and fostering greater market accessibility.
Source: Yahoo Finance
Plume Secures Funding for Tokenization Platform
Blockchain fintech company Plume has raised significant funding to advance its tokenization platform. The company’s innovative approach enables businesses to convert real-world assets into digital tokens, streamlining asset management and unlocking liquidity.
Tokenization is rapidly gaining traction as a game-changer in sectors such as real estate, art, and commodities. Plume’s success reflects a broader trend of investment in blockchain solutions that bridge the gap between traditional assets and decentralized technologies.
Source: Fortune
SEALSQ and Hedera Partner for Quantum-Resistant Blockchain Chips
SEALSQ and Hedera have announced a groundbreaking collaboration to develop quantum-resistant chips designed to secure blockchain infrastructure. These advanced chips will provide robust protection against future quantum computing threats, ensuring the integrity of blockchain networks.
As quantum computing capabilities evolve, safeguarding blockchain ecosystems becomes increasingly critical. This partnership highlights the importance of proactive measures in maintaining the resilience and trustworthiness of decentralized systems.
Source: The Quantum Insider
Deutsche Bank’s Public, Permissioned Blockchain Initiative
Deutsche Bank’s Layer 2 blockchain solution is set to go public and operate as a permissioned network, according to its tech partner. This initiative aims to strike a balance between accessibility and security, leveraging blockchain to streamline financial services and enhance operational efficiency.
The decision to adopt a public, permissioned model reflects a growing trend among enterprises seeking to harness the benefits of decentralization while maintaining control over sensitive data. Deutsche Bank’s approach could serve as a blueprint for other financial institutions exploring blockchain adoption.
Source: CoinDesk
KuCoin’s “Light Up Africa” Initiative Brings Hope to Thousands
Cryptocurrency exchange KuCoin has made a significant impact through its “Light Up Africa” donation ceremony in Ghana, benefiting 36,000 children across the continent. The initiative combines blockchain technology with philanthropy to address energy poverty and support education.
By leveraging blockchain for transparency in charitable contributions, KuCoin sets an example of how the crypto industry can drive meaningful social change. The project demonstrates the potential of blockchain to empower communities and foster sustainable development.
Source: PR Newswire
Industry Implications and Key Takeaways
Today’s developments highlight the transformative potential of blockchain across multiple domains:
- Integration with Traditional Finance: BlackRock’s ETF underscores the synergy between blockchain and established financial systems.
- Tokenization Trends: Plume’s funding success reflects the growing demand for digital asset solutions.
- Quantum-Resistant Technologies: SEALSQ and Hedera’s partnership addresses emerging cybersecurity challenges.
- Enterprise Blockchain Adoption: Deutsche Bank’s public, permissioned network showcases the adaptability of blockchain in financial services.
- Social Impact: KuCoin’s philanthropic efforts illustrate blockchain’s capacity to drive positive societal outcomes.
The post Blocks & Headlines: Today in Blockchain (BlackRock, Plume, SEALSQ, Hedera, Deutsche Bank, KuCoin) appeared first on News, Events, Advertising Options.
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