-Launch of an innovative NFT collection and distribution platform on iOS-
Posted: October 21, 2021 at 6:00 a.m. MDT|Update: 3 hours ago
NEW YORK, 21 October 2021 / PRNewswire / – Tapinator, Inc. (OTC: TAPM) (“Tapinator”, the “Company”, “we”, “our” or “us”), a leading developer and publisher of games for mobile platforms, is pleased to announce that it has released the NFT500 mobile application on iOS App Store. TVN500 is a free NFT casting platform, initially focused on top notch NFTs through the company’s own NFT500 Museum collection. The term “casting” refers to the display of digital art, in the form of NFT, on a physical screen. Consumers can download the app on iOS here or find out more about nft500.com. With NFT500, consumers can browse hundreds of iconic NFT artwork, add artwork to their virtual collection, and stream NFT to their SmartTV. NFT500 is the first and only “NFT Art Museum in your pocket”.
TVN500 was designed to deliver value to both consumers and artists. For consumers, the product provides an easy ramp into the world of digital art and NFTs with no crypto knowledge, technical expertise, or investment required to get started. The product offers consumers their own digital museum and gives access to legendary NFT artists directly from their mobile device. Consumers can have fun organizing their own virtual art collection right from the NFT Museum Vault and, with the push of a button, stream their favorite works of art to their SmartTV at the House. NFTs are cast in their best available quality, often in 4K.
For artists, NFT500 has become an active collector, supporting artists around the world and collecting major NFT genres and platforms. Our museum collection, which grows almost daily, now consists of over 250 works by some of NFT’s most prominent artists, including Bored Ape Yacht Club, Damien hirst, Helene Sarin, Gisele Flores, Kevin abosch, Alejandro Cartagena and XCopy. By providing consumers with free public access to the NFT500 museum and allowing these works to be shown through our mobile app, we seek to dramatically improve discovery and expand the universe of those exposed to NFT art as well. beyond the relatively small number of crypto natives that exist today. We seek to lead the way in bringing NFT artists into people’s living rooms. As we build an audience of future collectors through the exhibit at the NFT500 Museum, we plan to collaborate with artists on future deliveries to that audience on a fully negotiated and commercial basis.
Ilya Nikolayev, CEO of Tapinator, commented, “When we look at several years, we imagine consumers with screens in their homes displaying digital art based on NFT. We expect that a substantial majority of these consumers will choose not to spend tens or hundreds of thousands of dollars on NFT collections, but will instead use NFT.500 mobile application to distribute works from our collection on their wall. In just eight months, our team has managed to create an excellent and first-of-its-kind NFT museum collection, mobile casting app and technology platform. I’m incredibly proud of our efforts to deliver version 1.0, but we think this is just the start. We are currently developing new features and plan to release regular product updates including an Android app which is in the works. The museum’s collection is the first in a long series and we will seek to partner with leading artists to bring exclusive collections to the NFT500. Our initial goal is accessibility and discovery, virtual collection and casting. If this phase is successful, we plan to introduce ownership for specific NFTs. “
Andrew Merkatz, President of Tapinator, also commented: “We are extremely proud of the recent launch of the app as well as the value we believe we have created for shareholders this year through the development of the NFT500 Platform. We plan to begin marketing the app immediately and look forward to continuing to develop both the technology platform and the NFT.500 Museum collection. Market demand for DTVs has jumped this year, the volume of NFT trading in the third quarter of 2021 reaching $ 10.67 billion, up 704% from the previous quarter according to CNBC. This growth is prompting more designers, consumers and brands to seek opportunities in this rapidly changing market. Recent announcements from companies such as Coinbase and Facebook expressing their intention to enter the NFT market further validate Tapinator’s early attempts to establish leadership within this exciting new asset class early in 2018. After some further regulatory research, we decided at this time not to continue issuing a digital token via NFT500. We believe that holding Tapinator common stock offers investors a simpler and more profitable method to participate in any potential capital appreciation of NFT.500 Collection of the museum, although we cannot guarantee that future appreciation will occur.
Tapinator Inc. (OTC: TAPM) develops and publishes leading games for mobile platforms. Tapinator’s library includes over 300 titles that collectively have reached over 500 million mobile downloads, including notable properties such as Classic Video Poker and Crypto-billionaire. Tapinator generates revenue through the sale of branded advertising and through consumer transactions, including in-app purchases and subscriptions. Through our Revolution Blockchain subsidiary, we invest in blockchain-based digital assets and develop consumer mobile applications, such as NFT500, that extend the usefulness of these investments in digital assets. Founded in 2013, Tapinator is headquartered in new York, with product development, design and marketing teams located in North America and Europe. Consumers can find high quality mobile entertainment anywhere they see the character ‘T’ logo, or on http://tapinator.com.
To the extent that the statements in this press release are not descriptions of historical facts about Tapinator, they are forward-looking statements reflecting the current beliefs and expectations of management in accordance with the Safe Harbor of Private Securities Litigation Reform Act of 1995. Words such as “believe”, “aim”, “seek”, “plan”, “have a vision”, “feel”, “power”, “power”, “’expect”, “Anticipate”, “estimate”, “intend,” “target” and similar expressions (as well as other words or expressions referring to future events, conditions or circumstances) are intended to identify forward-looking statements. These forward-looking statements include, among other things, our pursuit of significantly improving discovery and expanding the universe of those exposed to NFT art well beyond the relatively small number of native s of cryptography that exist today, our quest to lead the way in bringing NFT artists into people’s living rooms, our plan to collaborate with artists on the future dro ps to the NFT public on a fully negotiated and commercial basis to expand the audience of future collectors through an exhibition at the NFT500 museum, our vision that consumers with screens in their homes will display digital art based on NFT, our expectation that a substantial majority of consumers will choose not to spend tens or hundreds of thousands of dollars in NFT collections but will use the NFT instead500 mobile application to project pieces from our collection on their wall, our plan to publish regular product updates, including an Android app, our belief that we have created shareholder value this year through the development of the NFT500 platform, our plan to immediately begin marketing the application and continue to build both the technology platform and the NFT500 The museum’s collection and our belief in ownership of Tapinator’s common stock provide investors with a simpler, more cost-effective method to participate in any potential capital appreciation of NFT.500 Museum collection. Forward-looking statements are subject to risks and uncertainties that could cause our future results, performance or achievements to differ materially from those expressed or implied by forward-looking statements. Except as required by law, Tapinator assumes no obligation to update or revise forward-looking statements. The listing and trading of the Company’s ordinary shares in the over-the-counter market is often limited and characterized by large fluctuations in trading prices, due to many factors which may have little to do with operations or business prospects. of the society. As a result, there may be volatility in the market price of the Company’s common shares for reasons unrelated to operational performance. In addition, the OTC Marketplace is not a stock exchange and trading in securities is often more sporadic than trading in securities listed on a national stock exchange. As a result, shareholders may have difficulty reselling any of their shares. For a more detailed description of the risks and uncertainties that could cause actual results to differ from those expressed in these forward-looking statements, as well as the risks associated with the activities of the Company, please consult the Company’s Supplementary Information Report as filed with the OTC markets on 20 October 2021 and updated from time to time.
This press release does not constitute an offer to sell or an offer to purchase shares of the equity securities of Tapinator.
Tapinator Investor Relations
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