There is plenty of noise about at the moment, inflation, markets, crypto, politics, - Art and Sport have enduring interest and excitement to people. Some of the global auction houses have recently released very strong sales figures in art for the first half of the year, with high double digit increase on the same period last year. Sport connects people like nothing else and for the event this week, that was golf. It is such an interesting time in professional golf as well with the emotive subject of the Saudi LIV tour grabbing headlines and attracting profile names. I wonder how it will impact the Ryder Cup, a personal favourite event of mine as well as for many. It is great for fans to see professional athletes from so many sports including Coinllectibles’ partner, NBA Hall of Famer Chris Webber, supporting charities through golf.
The delivery of sport and how content is consumed is changing rapidly and sport is a prime example of that. Coinllectibles has always been about using technologies to bridge the digital and physical mediums. So while market sentiment does impact us, this increased focus on “what you really own” in a digital asset, we think is very positive and resonates well with our message of responsible innovation to future long term development of Digital assets and the Metaverse. Indeed, over the last 2 weeks while broader market NFT volumes are down, we have seen very good volume of Digital Ownership Tokens (DOTs) sold.
We are using DOTS with clear Digital Strategies to have real world impact and to improve peoples’ lives. It was good to hear that one of own business leaders on the production side of Coinllectibles is involved in the Variety charity in Hong Kong. We are very much looking forward in the near term to engaging our technologies around charity and other socially responsible areas. I thank my host for having me along, to John Daly and for all of the good people that supported Variety Golf last week.
Toby O'Connor, CEO of Coinllectibles