Read the story here. Advertise at Before It's News here.
Profile image
By ProactiveInvestors (Reporter)
Contributor profile | More stories
Story Views
Last hour:
Last 24 hours:

Coinsilium updates on progress of NFT venture project

% of readers think this story is Fact. Add your two cents.

Coinsilium Group Limited (LON:COIN) has updated on the progress of its first non-fungible token (NFT) venture project as well as the forthcoming release of the Gibraltar cryptocurrency postage stamp and NFT collectable.

The blockchain and crypto venture builder said the release date for the crypto postage stamp, originally announced in December through an agreement with the Gibraltar Philatelic Bureau (GPB), has now been set for May 17 with pre-orders to be accepted from around April 19.

WATCH: Coinsilium to launch non-fungible token (NFT) studio in Gibraltar ‘at time that couldn’t be better’

The stamp series will be limited to 50,000 in total, 10,000 of which have been pre-reserved by (GPB) for their own clients and dealers. As a result, the company said 40,000 crypto postage stamps will be available for public sale upon release.

Coinsilium also said the GPB will accept payments for the stamps in cryptocurrencies including Bitcoin and Ether through a payment processing facility provided by Digital Asset Management Ltd in Gibraltar.

Meanwhile, the company said final artwork designs for the NFT digital collectable have been approved and that its partner RedFOX will be working to incorporate the artwork into an NFT format over the coming weeks in preparation for their listing on the digital marketplace.

A total of 100,000 NFTs will be minted, representing two NFTs for every Crypto Postage Stamp issued, Coinsilium said, adding that the NFT artwork will comprise a selection of exclusively commissioned iconic images of Gibraltar which will follow the design theme of the Crypto Postage Stamp.

The NFT images will also be minted with varying levels of scarcity as individual constituents making up a collectable set, including a selection of extremely limited ‘super rare] NFTs designed with enhanced value characteristics.

The company said purchasers of the Gibraltar Crypto Stamp will have the right to reserve NFTs, with an exclusivity period of approximately 8 weeks prior to general release, which is slated for around mid-July. Coinsilium said further details of the Crypto Postage Stamp launch including prices as well as pre-order and purchase procedures will be announced in early April.

Story by ProactiveInvestors


Before It’s News® is a community of individuals who report on what’s going on around them, from all around the world.

Anyone can join.
Anyone can contribute.
Anyone can become informed about their world.

"United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.

Please Help Support BeforeitsNews by trying our Natural Health Products below!

Order by Phone at 888-809-8385 or online at M - F 9am to 5pm EST

Order by Phone at 888-388-7003 or online at M - F 9am to 5pm EST

Order by Phone at 888-388-7003 or online at M - F 9am to 5pm EST

Humic & Fulvic Trace Minerals Complex - Nature's most important supplement! Vivid Dreams again!

HNEX HydroNano EXtracellular Water - Improve immune system health and reduce inflammation

Ultimate Clinical Potency Curcumin - Natural pain relief, reduce inflammation and so much more.

MitoCopper - Bioavailable Copper destroys pathogens and gives you more energy. (See Blood Video)
Oxy Powder - Natural Colon Cleanser!  Cleans out toxic buildup with oxygen! 
Nascent Iodine - Promotes detoxification, mental focus and thyroid health.
Smart Meter Cover -  Reduces Smart Meter radiation by 96%!  (See Video)

Immusist Beverage Concentrate - Proprietary blend, formulated to reduce inflammation while hydrating and oxygenating the cells.

Report abuse


    Your Comments
    Question   Razz  Sad   Evil  Exclaim  Smile  Redface  Biggrin  Surprised  Eek   Confused   Cool  LOL   Mad   Twisted  Rolleyes   Wink  Idea  Arrow  Neutral  Cry   Mr. Green

    Load more ...




    Email this story
    Email this story

    If you really want to ban this commenter, please write down the reason:

    If you really want to disable all recommended stories, click on OK button. After that, you will be redirect to your options page.