Cosmos Group subsidiary signs $45M technical knowhow & Metaverse deal with DataCube

Cosmos Group Holdings Inc.

Coinllectibles (Cosmos sub) licenses AI engines and Metaverse Development on Roblox for $45M, payable in cash or crypto.
Deal covers 7 modules: visual/speech/text analytics, emotion/motion recognition, AI agent creation, and Roblox NFT loading.
DataCube Research Centre will deliver each deliverable within 90 days of commencement; term is 3 years.
Payment structure: pre-paid invoices per module upon start, with 5% handling fee if paid in stablecoins.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.95

Cosmos Group Holdings Inc. entered into DataCube Agreement with DataCube Research Centre Limited valued at Forty Five Million Dollars ($45,000,000) (effective 2022-11-08).

Action: entry
Agreement: license
Counterparty: DataCube Research Centre Limited
Value: Forty Five Million Dollars ($45,000,000)
Effective: 2022-11-08

Exact text from the filing

Coinllectibles, a British Virgin Islands private limited company and subsidiary of Cosmos Group Holdings Inc., a Nevada corporation, entered into a Technical Knowhow License and Servicing Agreement with DataCube Research Centre Limited, a Hong Kong limited company (“DataCube”), pursuant to which DataCube agreed to provide certain technical knowhow including, a visual intelligence engine, speech recognition engine, text analytics engine, emotion recognition engine, motion recognition engine, AI agent creation engine, and Metaverse Development on Roblox, during a three-year term in consideration of an aggregate of Forty Five Million Dollars ($45,000,000) in accordance with the terms and conditions of that certain Technical Knowhow License and Servicing Agreement, dated as of November 8, 2022, by and between Coinllectibles Limited, a British Virgin Islands private limited company, and DataCube (the “DataCube Agreement”).

View on SEC.gov

Browse all material agreements →

Cosmos Group Holdings Inc. filing history →

Source: SEC EDGAR

accession 0001683168-22-007420

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.