Coinsilium Group Ltd deployed US$575,000 in cryptocurrency, metaverse and DeFi investments in 2022

Coinsilium Group Ltd (AQSE:COIN, OTCQB:CINGF), an Aquis-listed Web3 investor, advisor, and venture builder, invested the equivalent of US$575,000 in several pre-seed and seed-stage Web3-focused ventures in 2022 across the decentralised finance (DeFi), metaverse, trading, play to earn and fashion segments. 

Key investments as outlined in today’s company update included:

• Yellow Network (US$200,000): A decentralised layer-3 peer-to-peer network that uses state channel technology to securely exchange liquidity & facilitate trading, clearing, settlement, and compliance.
• Silta Finance (US$75,000): A Switzerland-registered company building a bridge connecting DeFi to fund sustainability-conscious infrastructure projects
• GGs.io (US$100,000): An organisation founded with the purpose of bringing new experiences and earning opportunities to gamers
• Metalinq Labs (US$200,000): A metaverse interoperability layer-3 protocol

Coinsilium also announced that it had been appointed as advisor to fashion brand Blvck Paris for the launch of its ‘Blvck Genesis’ NFT collection.

On the state of the market, Coinsilium chief executive Eddy Travia, said: “Despite the second half of 2022 being well entrenched in ‘crypto winter’, 2023 has started very differently … We are now seeing a notable change in market sentiment within the industry, with a much more optimistic outlook, in sharp contrast to the December 2022 sentiment.”

“Coinsilium is in an excellent position to take advantage of the improving market conditions as we look towards an exciting 2023 for the company and shareholders,” he added.