This is our third collaboration with SPINK using Fusion DOT technology. We appreciate working with a partner of such tradition and history that is so effectively embracing technology. Our first collaboration with SPINK earlier this year was on the first NFT on a Numismatic coin by an international auction house. Many traditional auction houses have looked to engage with the NFT and developing metaverse areas in some form. We certainly see collaborations of technology, content and community reach using NFT technologies as a win win for forward looking traditional and digital business models in an evolving market place.
The Fusion DOT is an indivisible bundle addressing physical ownership of the piece such as a poster or film negative, the digital item in a high resolution file, and the intellectual property giving the right to reproduce the image. The new owners of these pieces will have something of real world value and digital value. We have sought to differentiate the title of ownership and what the owner gets with the DOT in respect of a physical item over these past months. With the volatility in sentiment in the broader NFT markets in these past markets we think it is good that buyers are increasingly focused on what they do and do not have when buying an NFT. We see it as positive for the development of the market that creators of NFTs are also trying to articulate the rights of ownership in an NFT.
We view the DOT as a tool to be used in the development of strategies. I am excited about some of the projects that we are working where the DOT is being used to support increasingly diversified content and outcomes. At Coinllectibles, we continue to seek partners to support great projects and to see the metaverse market focus on themes of real world value, utility and substance.
Toby O'Connor, CEO of Coinllectibles