Coinsilium Group Limited: Update on Web3 Collaboration with Liteflow

Coinsilium Group Limited has updated its strategic collaboration with Liteflow. They have scheduled their first Web3 Start-Up Pitch Day for 30 July 2024. Coinsilium and Liteflow signed a Memorandum of Understanding (MoU) on 2 July 2024, initiating a long-term partnership. This includes a campaign offering US$1million in seed funding to select start-up projects.

Projects from DeFi, GameFi, and SocialFi were considered. Five projects have been shortlisted: OpenCloset.ai, Astra Nova, Qudo, Shockwaves, and Cyrator. Founders will pitch via video conferencing. Future Pitch Days are planned monthly.

Eddy Travia, CEO of Coinsilium, expressed optimism about the initiative, citing strong interest and high-quality applications as positive indicators for the future of Web3 development.