Coinsilium Group Limited: New Coinsilium Website and Web3 Social Network Initiatives
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Coinsilium Group Limited (COIN)
COINSILIUM GROUP LIMITED
("Coinsilium" or the "Company")
Coinsilium Group Limited: New Coinsilium Website and Web3 Social Network Initiatives
London, UK, 2 October 2023 - Coinsilium Group Limited (AQUIS: COIN) (OTCQB: CINGF), the Web3 investor, advisor and venture builder is pleased to announce the launch of its new corporate website www.coinsilium.com and details of certain Web3 initiatives underway.
The launch of the new website marks a critical element in the Company's commitment to capitalising on emerging opportunities in Web3 technology, Artificial Intelligence (AI), particularly at the intersection of AI and Blockchain, whilst providing investors with a valuable resource for gaining a better understanding of Coinsilium’s Web3 investments and advisory services work.
Web3, short for "Web 3.0," is the decentralised successor to Web2, and represents a shift towards a more open, and user-centric iteration of the internet, where individuals have greater control over their digital lives and where trust is established through code and cryptography rather than centralised intermediaries. It is an evolving sector with the potential to reshape how we interact, transact, and collaborate online.
The Global Web 3.0 Market size was valued at USD 3.34 Billion in 2022 and is projected to reach USD 49.10 Billion by 2030, growing at a CAGR of 46.7% from 2023 to 2030, as per a recent report published by Cognitive Market Research.
https://finance.yahoo.com/news/3-0-market-hit-49-085000627.html
Coinsilium Web3 Social Network Initiatives
As stated in the Company’s Interim report released 27 September 2023, the Company has started working with and providing strategic advisory services to certain partners engaged in the development of applications for a soon to be released decentralised Web3 Social Network ecosystem project (“the Project”).
Decentralised social networks will give users greater control over their data and content. Users can own their data, control who accesses it, and potentially monetise their contributions and work. Activity in Web3 Social Networks has been rapidly scaling over the last 12 months, powered by the development of large-scale decentralised network infrastructure protocols such as Lens, a blockchain based open-source social graph.
Coinsilium’s participation and economic interests in the new Project will be represented through a material stake in its network tokens. We expect to be able to provide a further, more comprehensive update on the Project roadmap ahead of its TestNet launch, currently slated for Q1 2024.
When Shift Happens Podcast sponsorship
In preparation for the Project launch, Coinsilium is embarking on a number of global awareness and promotional initiatives, the first of which we are pleased to announce today is our engagement as main sponsor for the new series of the “When Shift Happens” podcast run by renowned Web3 entrepreneur and podcast host Kevin Follonier. “When Shift Happens” already has a large global following and features regular interviews with famous names and rising stars in the Web3/Crypto space.
The series will also feature interviews with founders from several Coinsilium investment and advisory project companies. Further details and links to podcasts can be found here: https://linktr.ee/whenshifthappens_
Coinsilium CEO Eddy Travia commented: “We are delighted to unveil the new Coinsilium website which highlights the Company’s Web3/Exponential technology focus whilst showcasing our growing portfolio of investments and advisory projects.
We are also pleased to provide early details of the exciting Web3 Social Network project we are currently working on, and the first of our awareness initiatives, our sponsorship of the ‘When Shift Happens’ podcast series and its impressive line-up of entrepreneurs and builders in Web3, DeFi, NFTs and DAOs. We encourage everyone to look out for the ‘When Shift Happens’ educational and pertinent interviews through the link provided”.
Web3 Social Networks Explained
Across the current generation of centralised Web2 Social Networks such as Facebook, Instagram, YouTube and ‘X’ (formerly Twitter) the interests of shareholders and platform users are not aligned. Revenues for Web2 Social Networks are mainly derived from advertising whilst users get to use the platforms at no cost, with an accepted trade-off being that users agree to grant the platform the rights to commercially exploit their personal data.
In contrast, with Web3 Social Networks, users are the effective owners of the network and can realise economic interests via their ownership of network tokens and through their contribution to the network’s governance. Users can also be rewarded for their creative activities across the network and the traffic generated by the consumption of their content.
Here are some of the benefits and advantages that users can expect to experience from Web3 social networks:
The Directors of Coinsilium Group Limited take responsibility for this announcement.
Notes to Editor
About Coinsilium
Coinsilium is an investor, advisor and venture builder at the forefront of Web3 convergence. The Company invests in and accelerates Web3 and AI powered technology start-ups whilst supporting their development and commercialisation. Coinsilium also provides strategic advisory services to start-ups looking to issue tokens through token generation events. Coinsilium’s wholly owned subsidiary Coinsilium (Gibraltar) Limited is the Company’s operational hub in Gibraltar. In 2015, Coinsilium became the first blockchain company to IPO. Coinsilium shares are traded on the Aquis Growth Market in London, under the ticker symbol "COIN", and on the OTCQB Venture Market in the United States under the ticker symbol "CINGF". Dissemination of a Regulatory Announcement that contains inside information in accordance with the Market Abuse Regulation (MAR), transmitted by EQS Group. The issuer is solely responsible for the content of this announcement. |
| ISIN: | VGG225641015 |
| Category Code: | MSCM |
| TIDM: | COIN |
| Sequence No.: | 275024 |
| EQS News ID: | 1738641 |
| End of Announcement | EQS News Service |
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