Coinsilium Group Limited: Unveiling ‘Byzant’ Web3 Social Network Ecosystem
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Coinsilium Group Limited · COIN01/12/2023 08:00
Coinsilium Group Limited (COIN)
COINSILIUM GROUP LIMITED ("Coinsilium" or the "Company") Coinsilium Group Limited: Unveiling ‘Byzant’ Web3 Social Network Ecosystem 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 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 ( In 2015, Coinsilium became the first blockchain company to IPO. Coinsilium shares are traded on the Aquis Growth Market in 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 Dissemination of a Regulatory Announcement that contains inside information in accordance with the Market Abuse Regulation (MAR), transmitted by EQS Group. The issuer is solely responsible for the content of this announcement. |
ISIN: | VGG225641015 |
Category Code: | MSCM |
TIDM: | COIN |
Sequence No.: | 288992 |
EQS News ID: | 1786981 |
End of Announcement | EQS News Service |
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