Coinsilium Group Limited #COIN – Indorse updates on BlockBots and launches PowerUps NFT Collection ahead of Play-to-Earn Game going live December 3, 2021 – Posted in: Coinsilium (COIN) – Tags: , , , ,

 

 

coinLondon, UK, 3 December 2021 – Coinsilium Group Limited (AQSE: COIN) (OTCQB: CINGF), the Blockchain and Open Finance venture operator, is pleased to report on an update from portfolio company Indorse Pte. Ltd. (“Indorse”) regarding the launch of its “PowerUps” collection on the Polygon network and the roadmap to the launch of its BlockBots NFT Play-to-Earn (“P2E”) game set for Q1 2022.

 

Highlights:

 

  • PowerUps NFT collection to launch on Polygon network
  • PowerUps are unique in-game items (ERC1155 standard tokens) such as weapons and wearables to equip BlockBots
  • Indorse to launch a peer-to-peer (“P2P”) marketplace in mid-December 2021 dedicated to PowerUps trading, powered by IND tokens
  • Multiple benefits for IND token holders include: BlockBot NFT customisation; double the number of PowerUps during the token distribution phase (‘airdrop’); and no fees charged from PowerUps trading on the P2P marketplace
  • First BlockBots event in the Metaverse to take place this week
  • The IND token will be a critical part of this collection and the BlockBots game
  • Indorse to add a talented game designer to its team
  • Coinsilium has acquired 315 BlockBot NFTs and intends to increase its holding ahead of the Play-to-Earn (“P2E”) game launch
  • Coinsilium intends to participate in the leasing/renting of BlockBot NFTs, potentially in collaboration with Gaming Guild partners

 

The full announcement was released to the Indorse community earlier today and can be seen here: https://blog.indorse.io/launch-of-the-blockbots-powerups-collection-4b753c1b8c00

 

 

Coinsilium CEO Eddy Travia commented: “It is excellent to see Indorse hitting this key milestone and unveiling the PowerUps NFT collection ahead of the play-to-earn game going live. Play-to-earn games have become one of the most lucrative areas in the NFT space as demonstrated by the fast growth of leading play-to-earn blockchain games such as Axie Infinity which has grown to become the largest NFT gaming ecosystem, with more than 1.8 million daily active users logging into the platform in August 2021 and the game’s total volume to date standing at over $3.5 billion, according to NFT sales tracker CryptoSlam. Axie Infinity creator Sky Mavis received a $152m investment from A16Z in early October 2021 and has spawned an entire infrastructure of Gaming Guilds connecting NFT owners and gamers with remarkable traction in markets like South East Asia.

 

We are confident that the Indorse team has the right skills and the creativity to build a very successful play-to-earn gaming ecosystem of its own around the BlockBots original collection. We therefore see this as a great opportunity for Coinsilium on several levels; as an equity shareholder in Indorse with a significant holding of IND tokens and now as the owner of over 10% of the supply of BlockBots NFTs.”

 

About BlockBots

 

The BlockBots NFT Gen 1 collection consists of 2,969 unique 3D voxel avatars. Each BlockBot combines specific traits randomly attributed at the time of minting and can be used as an avatar across games and metaverses.

 

IND tokens are an integral part of this new NFT project. IND token holders and IND stakers will enjoy multiple benefits throughout various functionalities of BlockBots and in the applications to be developed at a later stage.

 

Coinsilium Purchases BlockBots NFTs

 

At the time of this announcement Coinsilium has purchased 315 BlockBots representing approximately 10.5% of circulating supply through a combination of minting and secondary market purchases via the OpenSea NFT marketplace (“OpenSea”). The objective is to hold the NFTs for the long term with the potential of generating returns through lending/leasing collaborations once the P2E game comes into play.

 

BlockBots and PowerUps NFT Collections

 

The BlockBots community currently has over 48,000 members on its Discord channel. The BlockBots and PowerUps NFT collections are now aiming to expand the overall Indorse token community by allocating special perks and benefits to IND token holders. The PowerUps NFT collection will be traded by way of IND tokens on a zero-fee marketplace on the Polygon network, enabling fast and easy transactions. This creates a new utility for IND tokens as a native currency for the acquisition of in-game assets.

 

In order to enable this new utility, IND will also be available on the Polygon network and, as announced, liquidity will be provided on Polygon-based decentralised exchange SushiSwap (sushi.com) for the trading of IND tokens. With the upcoming launch of the P2E game, it is expected that a large community of gamers will be able to gain exposure to IND tokens and, although it may not be a prerequisite to play the game, they will be incentivised to utilise IND tokens for extra in-game benefits.

 

First BlockBots Event in the Metaverse

 

Indorse has invited their community to join the first BlockBots party in the Metaverse during which they will display sneak previews of the 3D Voxel PowerUps and a live concert streaming from Berlin. The link to the event will be shared on the BlockBots discord channel: discord.gg/Dy2CdKnNJT

 

Play-to-Earn Games and Gaming Guild Partnerships

 

Gaming Guilds help NFT owners generate revenues from their in-game assets and P2E gamers monetise their skills through ‘scholarships’. NFTs are leased to ‘scholars’, thereby generating yields from popular blockchain games and virtual worlds such as Axie Infinity, The Sandbox, Star Atlas, Aurory and Splinterlands.

 

In-game asset (NFT) owners can generate returns by:

  • Loaning out in-game assets (such as BlockBots) to gamers via Gaming Guilds
  • Trading NFTs
  • Acquiring promising NFTs and potentially benefiting from a rise in their value
  • In-game competitions

 

Coinsilium is currently exploring the potential for leasing its BlockBot NFTs once the P2E game goes live, possibly via collaboration agreements with Gaming Guilds. Gaming Guilds enable NFT owners, also called sponsors, to lend assets and receive a share of the players rewards.

 

In most instances, scholars report to the Gaming Guild managers, who are responsible for the scholars’ vetting, training, account assignment and earnings distribution. Yields generated from the NFTs can vary and are determined by variables such as demand, in-game asset characteristics and the level of rewards that can be earned by gamers. The rarer or more ‘powerful’ an NFT is in the context of the game, the more valuable it will be to the gamer.  Gaming Guilds offer owners of NFTs the potential of a share of the revenue generated by the players using their loaned in-game assets. Examples of current returns vary between 15% to 30% of the scholar’s earnings.

 

Indorse has announced a partnership with Avocado Guild for the BlockBots P2E Game https://avocadoguild.com/. Avocado Guild’s stated mission is to unlock the hidden talents of its Guild members by empowering them with the education, encouragement, and digital instruments they need to achieve their full potential in the Metaverse. Gaming Guilds are predominantly governed by Decentralised Autonomous Organisations (“DAOs”) which enable members to vote for key decisions like games to support, in-game assets to acquire and earnings distribution.

 

Disclosure

 

Indorse is a Coinsilium equity portfolio company and advisory client. Coinsilium currently holds a 10% interest in the issued share capital of Indorse. Coinsilium also holds approximately 5.3m IND tokens representing approximately 14.12% of the current IND circulating supply and 315 BlockBot NFTs representing approximately 10.5% of circulating supply.

 

The Directors of Coinsilium Group Limited take responsibility for this announcement.

 

Coinsilium Group Limited

Malcolm Palle, Executive Chairman

Eddy Travia, Chief Executive

 +44 (0) 7785 381 089

www.coinsilium.com
   
Peterhouse Capital Limited

Guy Miller / Mark Anwyl

(AQSE Growth Market Corporate Adviser)

 +44 (0) 207 469 0930
   
SI Capital Limited

Nick Emerson

(Broker)

 +44 (0) 1483 413 500
Buchanan Communications

Chris Lane / Toto Berger

(Media and Investor Relations)

 +44 (0) 20 7466 5000

E: coinsilium@buchanan.uk.com