Metaverse Blockchain Fusion DOT™️ company, Coinllectibles™️ (OTC: COSG) is gearing up on its collectible offerings. We care very much about our community and are keen to emphasise key elements in DOT ownership and why it is important to stick with the “Gold Standard”. Having received a lot of interest from the market, Coinllectibles™️ is delighted to list some of the commonly asked questions and provide the answers in this article.
What is Coinllectibles™️?
Coinllectibles™ is the first publicly traded metaverse blockchain Fusion DOTs™ technology company on the US OTC Markets that redefines art and collectible ownership in the digital age. Coinllectibles™️ is presently not a DOT marketplace. Through the use of DOTs, the company's key focus is to bridge the physical and virtual dimensions of the arts and collectibles market, and help collectors and creators improve the collection experience.
Coinllectibles™ curates and mints a wide range of collectible items into its proprietary Fusion DOTs™ – such as art pieces, sculpture and watches.
What is a Fusion DOT™️, and how is it different from a regular DOT?
A Fusion DOT™️ is a proprietary DOT format developed by Coinllectibles™️ that provides a gold standard of rights and title of ownership of a digital asset, securely underpinned by smart contracts and legal documents stored on the blockchain, that are connected to a physical asset.
Within the blockchain, a regular DOT will only have one Uniform Resource Identifier (URI) link to the InterPlanetary File System (IPFS). Using a regular DOT, an artist would store their digital artwork within the IPFS. There is a limitation on how much information can be provided within a regular DOT, due to how it is programmed.
For Fusion DOTs™️, multiple information are embedded within the single URI link (i.e. contract, reports, image, etc.), thus making the Fusion DOTs™️ more robust in capturing relevant information of the collectible items.
Buying and owning a Fusion DOT™️
The owner of a Fusion DOT™️ is essentially owning BOTH the physical collectible item as well as the digital Fusion DOT™️. The Fusion DOT™️ will contain the following key items:
- Independent third party appraisal report
- Sale and purchase agreement for the acquisition of the item
- Transfer deed to transfer the ownership title and rights to the item to the holder of the DOT
- Ownership certificate of the item
- Bailment terms to address rights of possession to the item
Buyers of Fusion DOTs™️ are buying the whole collectible item. They are not buying a fractional ownership of the collectible. The Fusion DOT™️ will contain documents to transfer the relevant rights and title to the DOT buyer. Subject to applicable laws, a Buyer with full ownership title may decide to fractionalise his ownership of the item and distribute them.
Specific to owners of Fusion DOTs™️, they can either choose to (1) take possession of the physical collectible item and ship it to the location of their choice or (2) leave it with Coinllectibles™️, who may exhibit the item in its Fusion DOT™️ gallery in Hong Kong or elsewhere.
Should they decide to display it in the gallery, they can have their name up in an elegantly designed plate placed beside the art piece and/or do a short video to share why they decided to buy the item. This is a unique way of making it a holistic collection experience for the Fusion DOTs™️owners. The Coinllectibles™️ Fusion DOT™️ Gallery is in Hong Kong at the K11 Atelier (Victoria Dockside), a redevelopment of New World Centre situated in the prime location of Tsim Sha Tsui waterfront. K11 MUSEA is a museum-retail complex situated in the heart of the US$2.6 billion Victoria Dockside development.
Legal rights and protection of Fusion DOT™️ owners
As the owner of a Fusion DOT™️, they will be able to take the necessary legal action (as per what has been stipulated in the legal contract within the DOT) against those who infringe on their ownership rights, such as copy-cats who try to imitate the same image. Within the legal contract, there are terms of ownership and legal recourse will be available when third parties infringe such rights.
In addition, Coinllectibles™️ uses a host of identification technology to authenticate the ownership of the DOT holder to the collectible item. This ensures that the DOT holder will be able to legally exert his/her ownership to the collectible item.
Overall, Fusion DOTs™️ is the first of its kind to offer an experience and value beyond what is available in the burgeoning DOT market. It connects the physical art collectible to the digital medium while ensuring transparency in authenticity related information around ownership, valuation and written and visual detail on the collectible. This is the “Gold Standard” offered by Fusion DOTs™️. Stick with the Gold Standard.
For pre-registration of interest for future Fusion DOT™️ drops, please visit www.Coinllectibles.Art or join the Coinllectibles™️ Telegram Channel at https://t.me/Coinllectibles.