Coinsilium Group Limited: Unveiling ‘Byzant’ Web3 Social Network Ecosystem

COINSILIUM GROUP LIMITED

("Coinsilium" or the "Company")

Coinsilium Group Limited:  Unveiling ‘Byzant’ Web3 Social Network Ecosystem 

London, UK, 1 December 2023 - Coinsilium Group Limited (AQUIS:COIN) (OTCQB:CINGF), the Web3 investor, advisor and venture builder, is pleased to report that the latest episode of the Coinsilium-sponsored podcast series “When Shift Happens” is out now, featuring Gaurang Torvekar, CTO of portfolio blockchain development company Indorse Pte. Ltd. (“Indorse”).

This latest episode covers the unveiling of the Byzant Ecosystem (“Byzant”)’, a new Web3 Social Network Ecosystem under the governance of the Byzant Protocol Labs Foundation (“Byzant Foundation”).

The full episode can be viewed here:  https://youtu.be/ohEg_UpggvE .The discussion specifically relating to Byzant starts after 14:00 minutes.

Byzant Web3 Social Network Ecosystem

Byzant is the product of an active collaboration between a syndicate of major digital advertising and blockchain industry partners, including Coinsilium and Indorse, working together to deploy a decentralised Social Network for creative professionals and a suite of Web3 applications and tools, developed by Indorse. These applications and tools will provide solutions that address many of the functionality and User Experience (UX) challenges currently hindering mass Web3 adoption and are needed to achieve parity with Web2 functionalities.

Indorse is the principal technology partner for Byzant with Coinsilium providing strategic advisory services. Coinsilium’s participation and economic interests in Byzant will be represented through a material stake in new project tokens at the founding member level. A comprehensive update with further details on the respective roles and interests of Indorse and Coinsilium, together with the Byzant project roadmap, will be released ahead of Byzant’s Testnet launch, currently slated for Q1 2024.

Disclosure  

Indorse is a Coinsilium equity portfolio company and advisory client. Coinsilium currently holds a 10.156% interest in the issued share capital of Indorse. On Tuesday 28 November the Company announced that it had entered Heads of Terms to acquire an additional stake of 14.76% which will take the Coinsilium’s total shareholding in the blockchain development company to 24.91%.

Coinsilium also holds approximately 5.3m IND tokens representing approximately 14.12% of the current IND circulating supply. Eddy Travia is a Director of Indorse Pte. Ltd on behalf of Coinsilium, performing executive functions and Coinsilium Chairman Malcolm Palle is a non-executive director of Indorse UK Ltd, a wholly owned UK subsidiary of Indorse Pte. Ltd.

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 provi4.25des 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".

About Indorse

Indorse is a Web3 development company building a suite of cutting-edge applications and tools for blockchain protocols, Web3 developers and global users. Indorse has built several successful projects using Blockchain technology in the past few years.

Indorse is headquartered in Singapore with a subsidiary in the UK. The team works with several SMEs and Enterprise clients in Southeast Asia, Europe and India producing steady streams of revenue.