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

Coinsilium updates on partnership discussions between Nifty Labs and Indorse

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


Coinsilium Group Limited (LON:COIN) has updated investors on the memorandum of understanding (MOU) and proposed partnership between its Gibraltar subsidiary Nifty Labs Ltd and Indorse, a Singaporean firm in which it owns a 10% stake.

The blockchain and open finance venture firm said following the announcement of the MOU on March 2, in which Nifty and Indorse agreed to form a partnership in order to launch a non-fungible token (NFT) technology development studio in Gibraltar, the two parties are continuing to advance discussions towards finalising the partnership structure for Nifty Labs and concluding the respective legally binding agreements whilst at the same time jointly evaluating various commercial NFT projects and opportunities.

WATCH: Coinsilium to launch Gibraltar cryptocurrency stamp and NFT the week of Bitcoin Pizza Day in May

Coinsilium added that while discussions are ongoing, the parties have agreed that in the event any commercial agreements relating to in-house projects or prospective third-party clients are concluded ahead of the completion of the partnership agreement, as an interim solution these agreements shall be undertaken with a provision for a revenue share agreement between Nifty Labs and Indorse, the terms of which shall be established in each case.

“Nifty Labs is currently experiencing an unprecedented level of enquiries and demand for NFT development services across a range of sectors including digital art, collectibles, music, sports and social media, even before our partnership agreement with Indorse has been formally concluded”, Coinsilium chairman Malcolm Palle said in a statement.

“From a commercial perspective it is imperative that we continue to maintain the momentum that we have built since the announcement of the launch of Nifty Labs and capitalise on the growing number of commercial opportunities we are now being presented with.  Whilst formal discussions regarding the partnership agreement remain ongoing, a revenue share model in respect of each and any commercial agreement will therefore fulfil this requirement, until such time that the respective formal agreements are concluded”, he added.

Story by ProactiveInvestors



Source: http://www.proactiveinvestors.com/companies/news/947045/coinsilium-updates-on-partnership-discussions-between-nifty-labs-and-indorse-947045.html


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 https://mitocopper.com M - F 9am to 5pm EST


Order by Phone at 888-809-8385 or online at https://www.herbanomic.com 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
Loading...

Comments

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

MOST RECENT
Load more ...

SignUp

Login

Newsletter

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.