Coinsilium portfolio company Indorse launches new NFT project

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Coinsilium Group Ltd (AQSE:COIN, OTCQB:CINGF) said its portfolio company Indorse has launched BlockBots, a non-fungible token (NFT) project.


The new project consists of a deflationary collection of 9,998 unique 3D Voxel avatars.


Each BlockBot combines specific traits randomly attributed at the time of minting and can be used as an avatar across metaverses, games and other 3D Voxel NFT-compatible environments.


Indorse is in the final stage of the technical development of the smart contracts and 3D art and is in the process of building a community of NFT collectors and 3D Voxel fans, said the statement.


IND tokens will be an integral part of the project, with Coinsilium currently holding 5.3m IND tokens representing 14.12% of the circulating supply.


The company also announced the appointment of Omri Bouton as its strategic NFT advisor.


Bouton is a Crypto, Blockchain and IP lawyer at Sheridans (London, UK), and specialises in financial technology, cryptographic assets, distributed ledger technology and other forms of distributed file systems, IP and NFT projects.


Eddy Travia, Coinsilium chief executive, said: “The first half of 2021 has seen an explosion of interest in NFTs, with NFT sales volumes across multiple blockchains reaching $2.47bn over the period.


“We are very pleased to see Indorse taking the lead with this exciting and ambitious project among the innovators and creators of the NFT and Metaverse space.”

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