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Coinsilium focused on growth opportunities after crypto shake-up

Last updated: 23:03 19 Mar 2024 AEDT, First published: 18:54 11 Sep 2023 AEST

Snapshot

  • Coinsilium sees boost to web3 social media platform and advertising venture
  • Coinsilium CEO Eddy Travia discusses Byzant and the future of Web3 social media
Blockchain technology

About the company

Coinsilium Group Ltd is a Web3 investor, advisor and venture builder based in Gibraltar, a pre-eminent global regulatory jurisdiction and a leading hub for innovative financial technology.

In 2015, Coinsilium became the first blockchain company to IPO.

The company has evolved to develop revenue-generating strategic advisory services and is a highly regarded innovator with proven technological and commercial expertise and development capabilities in the NFT arena and also within Open Finance.

How it is doing

15 Mar 2024

Coinsilium Group Limited (AQSE:COIN, OTCQB:CINGF) chief executive Eddy Travia has told investors the company is delighted to see the progress being made in the development of the Byzant Web3 Ecosystem applications.

It comes as the company provided an update on the Byzant Web3 social media platform and Adbazaar, a smart-contract-powered advertising network, which are being co-developed by Indorse (10.156% owned by Coinsilium).

The first phase of the Byzant social media application development has been achieved, with a private alpha version is now running in test mode, meanwhile, it announced the inclusion of established crypto advertising networks A-ADS has now been added to the Byzant Collaboration. 

“One cannot overestimate the role advertising plays as a revenue driver in developing the Web2 social media industry,” Eddy Travia said in a statement.

08 Mar 2024

Coinsilium Group Ltd (AQSE:COIN, OTCQB:CINGF) told investors it has raised £472,500 via a placing of shares, supported by directors.

Chief executive Eddy Travia and executive chair Malcolm Palle both bought shares (worth £40,000 in aggregate) through the placing, which saw a total of 18.9 million new shares issued to investors at a price of 2.5p each.

20 Feb 2024

Coinsilium Group Ltd (AQSE:COIN, OTCQB:CINGF), the Web3 advisor, venture builder and investor, has signed an agreement with global trade exchange platform LC Lite to provide strategic advisory services for its forthcoming token launch.

LC Lite was recently acquired by Incomlend, a regulated global invoice finance marketplace for SMEs with licences to operate in Singapore and in Hong Kong.

What management says

19 Mar 2024

Coinsilium Group Limited (AQSE:COIN, OTCQB:CINGF) CEO Eddy Travia provides an update on Byzance, a Web3 social network ecosystem project, in an interview with Proactive's Stephen Gunnion.

Travia explained that Web3 represents the next stage of the internet, aiming to decentralise social media, offering users control over their content and private data, differing from the centralised nature of current Web2 platforms. Byzant focuses on enhancing user control and monetisation methods for content creators.

Travia said Coinsilium is collaboratively actively with portfolio company Indorse, a blockchain technology studio, and A-ADS, a pioneering crypto advertising network, to address the challenges of Web2 and transition to Web3. The project includes Adbazaar, a platform concentrating on smart contract-powered advertising, enabling more user benefits.

Coinsilium says 2017 has been transformational year for the company

Coinsilium Group Limited’s (AQSE:COIN) Malcolm Palle and Eddy Travia tells Proactive the company saw  a demand for its advisory services. Malcolm Pale said: “In the middle of last year we launched an advisory service division, which was designed to leverage our skills and advice companies...

on 1/6/18