Trigometric launches NumisArt, the world’s first numismatic NFT trading platform

Malaysia’s Largest Collectibles Auctioneer Leverages Blockchain Technology to Add a New Dimension to Numismatic Collecting and Trading

KUALA LUMPUR, MALAYSIA – Media OutReach – 12 September 2022 – Trigometricthe largest collectibles auctioneer in Malaysia, today announced the launch of NumisArtthe world’s first and largest numismatic Non-Fungible Token (NFT) trading platform on 9th Kuala Lumpur International Numismatic Fair. This is a move intended to double the company’s foothold in the ever-growing global numismatic market.

The global numismatic trade market has grown rapidly in recent years, especially following the COVID-19 pandemic, both in terms of sales as well as prices of highly sought-after collectibles.

According to Mhojhos Research, the global coin collecting market had approx. 17.59 billion US dollars annual turnover in 2020, and this has given Trigometric enormous confidence in the prospects and potential of the numismatic auction and trading market, a market on which it built its expertise and credentials.

According to data released by Paper Money Guarantee (PMG), the world’s largest third-party banknote grading service, the company has graded over 500,000 Malaysian banknotes (including Malaya and Malaya & British Borneo), ranking third overall, behind only China and the United States. This shows that Malaysia has a large population of numismatic collectors.

Thanks to technological developments, numismatics such as coins and banknotes are likely to become obsolete in the future. They may even share the same fate as most works of art and antiques, deteriorating over time.

Emboss collectibles into NFTs for preservation and increased value

To address this, NumisArt was created with the aim of modernizing its delivery and infrastructure, allowing collectors to break through the limitations of conventional collecting and trading by imprinting their valuable collectibles into NFTs to preserve them with increased value and create a sustainable source of income.

It is worth nothing that in addition to buying the virtual numismatic NFT at NumisArt, the buyer will also receive the banknote itself. It also retains currency collectors’ desire to preserve physical notes. By linking physical notes to NFT, NumisArt also ensures that the goods traded on the platform contain actual value in real life.

Reliable process to ensure safe and secure trading

Founded in 2002, Trigometric has established its credibility and leading position in the Malaysian and regional market with extensive experience in organizing and participating in many international exhibitions and auctions.

To reduce the possibility of counterfeits, old currencies traded on NumisArt are required to be graded by PMG, as each note graded by PMG is a source of trust and credibility among buyers and sellers. Through partnership with PMG, all currency NFTs are certified and verified with their own number and code.

In addition to being the only numismatic grading organization authorized by the American Numismatic Association (ANA), PMG also provides paper money grading service to the Professional Numismatists Guild (PNG).

On the security front, the company spent almost eight months developing NumisArt in accordance with international standards. It has successfully achieved certification from CERTIK, the world’s leading third-party blockchain security audit company for Web3. Through its full suite of end-to-end security services, CertiK has protected over US$300 billion (approximately RM1.34 trillion) of crypto assets for well over 3,200 corporate clients.

Most importantly, compared to traditional process which can take up to several months, all transactions on NumisArt are fast, easy and transparent as it allows instant transactions which undoubtedly provides an attractive reason for collectors to use the platform.

Establish perpetual rights and interests for creators while creating sustainable revenue

Through NumisArt, collectors can now secure their collections as all transaction records will be stored in perpetuity via blockchain technology. This means that the identity of the original creators will always be recorded and they can forever enjoy five percent royalties for every future transaction. In other words, even if they no longer have the physical note, they can still earn money forever and can pass it on to future generations.

Han Boom, co-founder of NumisArt explained: “The creation of NumisArt allows collectors to show the world their numismatic collections, while expanding their collection to a wider audience which will provide them with better trading opportunities. Creators can also earn a royalty fee for each NFT transaction thus creating a lifelong sustainable income stream as long as the note keeps changing hands.

“Through NumisArt, Malaysians can play a leading role in actively promoting numismatic collecting and culture to the world. I hope it will open doors for younger generations to appreciate the appeal of numismatics and join us in preserving this distinctive cultural heritage, he said.

Boom, who is also director of Trigometric, added: “Old notes and NFTs are a match made in heaven. It fits perfectly between physical and virtual. Each note has its own serial number, so there will never be two identical notes in the world. The same is true for NFTs, as each one is unique and irreplaceable. As a result, numismatics is the best candidate for NFTs”

To commemorate the launch of NumisArt, the company held a special “Mystery Egg Hatching” event on the first day of the numismatic fair. These mystery eggs were released before the event, and each egg contained a limited edition NumisArt memory test note. These test notes with NFT and Augmented Reality (AR) technology are limited to 3333 pieces, each with a unique serial number. The physical test sheets were handed out to the buyer on the day of the event.

Since NumisArt went live, a number of rare notes were minted into NFTs through the platform, notably a series of remarkably rare Nissan Estate emergency notes issued during World War II. The Nissan Estate notes circulated for only five months during the initial stages of Japanese occupation in Tawau District, British North Borneo.

These distress calls are extremely scarce and historically important. Printed in denominations of 50 cents, $1, $5, $10 and $25. The $25 note graded and authenticated by PMG in 2021 is currently worth RM1.2 million, making it one of the most valuable numismatic NFTs on NumisArt.

The company is actively promoting NumisArt to collectors outside Malaysia, and the next step will be to exhibit at the upcoming Singapore International Coin Fair 2022 (SICF 2022) at the Sands Expo and Convention Center in Singapore from 16 September to 18 September.

Hashtag: #Trigometric #NumisArt

About NumisArt

Launched by Trigometric in 2022, NumisArt is the world’s first and largest numismatic NFT trading platform created by Trigometric. NumisArt’s goal is to modernize the delivery and infrastructure of collecting and trading to provide all collectors with a fast, simple, secure and reliable platform built on blockchain technology. NumisArt thus allows them to break through the limitations of conventional collecting and trading by minting collectibles into NFTs to preserve them and create a source of income that transcends generations!

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About trigometric

Established in 2002, Trigometric is the largest and most trusted auctioneer of collectibles in Malaysia. It was the first of its kind in large-scale collectibles trading in Malaysia. The company is the organizer of the Kuala Lumpur International Numismatic Fair, the largest numismatic show in Malaysia.

Recognized as the foremost expert on Malaysian numismatics, Trigometric has published a large number of reference materials and guides, notably the 8th edition of “The Malaysia, Brunei & Singapore, Banknotes & Coins Numismatic Reference”, the 2nd edition of “The Hong” . Kong & Macau, Banknotes & Coins Numismatic Reference” and “The World Uncut-Sheet Banknotes Numismatic Reference”. All of these references are used by some of the largest third-party currency graders in the world, namely PMG and NGC, where they used the code references on their grade holders.

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