LONDON, UK: Coinsilium Group Limited (AQSE: COIN), the Web3 investor, advisor, and venture builder has signed a Memorandum of Understanding (MoU) with Liteflow Inc, an experienced Web3 and NFT technical developer.

The MoU is a first step in a planned long term strategic collaboration agreement with Liteflow.

The MoU and the collaboration aim to provide financial backing, comprehensive advisory services, and cutting-edge technological resources to help budding companies navigate the complexities of the Web3 landscape and lay a strong foundation for long-term business success and innovation.

In order to deliver maximum value to each startup, this initiative will focus on going beyond financial investment and includes strategic advisory services from both organisations and cutting-edge technological support from Liteflow.

Advisory and Tech Resources to Propel Growth

The advisory services will leverage the extensive industry experience and strategic insights of both Liteflow and Coinsilium. Liteflow’s expansive ecosystem of partners and deep understanding of Web3 technologies will be complemented by Coinsilium’s expertise in token generation events and venture building.

Together, they will guide select startups through the critical early stages of development, helping them refine their strategies, optimise operations, and achieve market readiness.

Liteflow will provide the essential technological resources necessary for startups to thrive in the Web3 environment. This includes tools for creating, managing, and selling NFT collections, tokenizing economies, and engaging audiences through innovative staking pools, marketing quests, and airdrops.

Coinsilium will offer expertise in Tokenomics, investor material drafting, and market making via third-party market makers, ensuring startups have the infrastructure needed to make a significant impact in the Web3 space.

Under the terms of the MoU, an Investment Committee will be established to evaluate and select suitable projects for collaboration and funding. The Investment Committee will include vetted and pre-approved co-investors, including Coinsilium and Liteflow, who will have first rights to pre-seed investment opportunities.

A Vision for a Robust Web3 Ecosystem

The Collaboration underscores the shared commitment of Liteflow and Coinsilium to foster a robust and dynamic Web3 ecosystem.

By providing early-stage companies with the resources they need to succeed, the Collaboration aims to drive innovation, support sustainable growth, and ensure that the Web3 industry continues to evolve in a positive and impactful direction.

Coinsilium and Liteflow have regularly collaborated in past hackathons and events. Notably, Liteflow is the organiser of a successful series of high profile global events under the ‘NFTVerse’ brand with ecosystem partners such as Animoca Brands and Blockchain Game Alliance. Coinsilium recently partnered with NFTVerse in Singapore in September 2023 with Coinsilium’s CEO Eddy Travia delivering a keynote address about Web3 social media.

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