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London, UK, 29 July 2021 - Coinsilium Group Limited (AQSE:COIN) (OTCQB:CINGF) the blockchain and Open Finance company, is pleased to provide a progress update regarding the build and development of the NFT on Bitcoin marketplace which is being developed by its wholly-owned Gibraltar subsidiary, Nifty Labs Limited ( Nifty Labs ), in partnership with Indorse Pte. Ltd. ( Indorse ), a Singapore company in which Coinsilium holds a 10% equity interest.
Highlights:
Development of the marketplace is progressing well, and project completion is anticipated to be within the initial six-month timeframe as announced on 11 May 2021.
The first iterations of the smart contracts that underpin the marketplace have been written and internal testing is currently being undertaken. Decentralized systems security expert Coinspect has been appointed to undertake an external formal smart contract audit.