Coinsilium Group Deployed $575,000 in Cryptocurrency, Metaverse, and DeFi Investments in 2022

Coinsilium Group Ltd (AQSE: COIN, OTCQB: CINGF)an Aquis-listed Web3 investor, advisor, and business builder, has invested the equivalent of $575,000 in multiple pre-seed and seed-stage Web3 businesses in 2022 in decentralized finance (DeFi), the metaverse, trade, play to win and fashion segments.

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

  • Yellow Network ($200,000): A decentralized Layer 3 peer-to-peer network that uses state channel technology to securely exchange liquidity and facilitate trading, clearing, settlement and compliance.
  • Funding from Silta ($75,000): A Swiss-registered company building a bridge connecting DeFi to fund sustainability-conscious infrastructure projects
  • ($100,000): An organization founded with the purpose of bringing new experiences and earning opportunities to players
  • Metalinq Laboratories ($200,000): A metaverse interoperability layer 3 protocol

Coinsilium also announced that it has been appointed as an advisor to fashion brand Blvck Paris for the launch of its “Blvck Genesis” NFT collection.

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

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

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