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    Tapinator Gives Shareholder Replace on NFT Initiatives

    – Tapinator, Inc. (OTC: TAPM) (“Tapinator,” the “Firm,” “we,” “our” or “us”) a developer and writer of class main video games for cellular platforms, is offering an replace on its Non-Fungible Token (“NFT”) initiatives. As background, in January 2018 the Firm concluded there was a major future market alternative for NFTs because it associated to gaming, artwork and collectibles. In February 2018 Tapinator introduced the beta launch of BitPainting a digital platform for amassing iconic artwork on the blockchain, and one of many very first NFT marketplaces. The appliance was constructed on the Ethereum Platform and depends on our proprietary smART contracts. On the time, we communicated our perception “that the $45 billion artwork market was ripe for disruption by blockchain expertise by crypto-collectibles (e.g. NFTs) which can drive artwork gross sales by way of digital shortage and can democratize advantageous artwork funding.”

    In March of 2018 and at the side of Mego Video games , we launched Darkwinds , a web based fantasy primarily based buying and selling card sport. We introduced {that a} “characteristic of Darkwinds , as in comparison with different on-line card video games, is that it runs on prime of the Ethereum community. Extra particularly, all Darkwinds playing cards are non-fungible tokens (NFTs) or crypto-collectibles, a brand new customary for digital objects the place gamers have perpetual rights to promote, commerce and provides away their gadgets, each inside and out of doors of the sport’s ecosystem.” At present, the sport’s playing cards proceed to be out there to commerce on third occasion NFT platforms similar to OpenSea .

    Once we initiated these pioneering efforts, we acknowledged that the NFT market was in its infancy. We had been extraordinarily pleased with the top quality of each of those merchandise and that they had been delivered to market each cost-effectively and on schedule. Regardless of the standard of those purposes, nonetheless, we had been dissatisfied by the comparatively small market dimension for each merchandise on the time and the regulatory uncertainty surrounding crypto collectibles. Primarily based on our expertise with these preliminary launches, we concluded that the addressable market in 2018 was too nascent to generate vital near-term worth for our shareholders.

    At present, we consider the marketplace for NFTs has lastly arrived, although we’re nonetheless within the very early phases of the market’s improvement.  The current $69 million document Beeple digital artwork sale at Christie’s and the $200+ million in gross sales so far of NBA Topshots digital moments are simply two knowledge factors representing this thrilling new period and alternative for blockchain primarily based digital artwork and branded collectibles.  Whereas BitPainting was too early to market in 2018, we’re assured that our imaginative and prescient was correct.  Moreover, the experience that Tapinator acquired whereas constructing the applying, in addition to our research of the marketplace for the previous three years, are worthwhile belongings that we are actually leveraging as we develop a brand new NFT platform which we count on to announce later this month.

    Ilya Nikolayev , CEO of Tapinator, commented, “Present NFT marketplaces are extraordinarily cluttered. For instance, OpenSea signifies that it lists over 4 million gadgets on its platform. We don’t consider that one other uncurated, NFT emporium is the long run.  We do, nonetheless, consider there may be vital alternative inside sure different areas of the NFT market. Extra particularly, we consider that the flexibility to supply curation and democratization of NFTs will present vital utility to NFT customers and may create vital shareholder worth. We plan on saying our upcoming NFT platform inside the subsequent a number of weeks by way of a touchdown web page that may present an summary of our upcoming product and permit guests to request an invite to hitch. We consider that we had been one of many first and at present few public firms to function inside the NFT house and, accordingly, we’re happy to speak our ongoing progress on this space to our rising shareholder base throughout these most fun occasions. Though we can not assure that our NFT initiatives will lead to materials monetization for Tapinator, we’re excited to quickly announce a platform that, we consider, displays the necessity for curation and democratization inside the house.”

    About Tapinator
    Tapinator Inc. (OTC: TAPM) develops and publishes class main video games for cellular platforms, with a give attention to the social on line casino style. Tapinator’s library consists of greater than 300 titles that, collectively, have achieved over 500 million cellular downloads, together with notable properties similar to Video Poker Basic and Solitaire Derby . Tapinator generates revenues by the sale of branded promoting and by way of shopper transactions, together with in-app purchases and subscriptions. Based in 2013, Tapinator is headquartered in New York , with product improvement and advertising groups positioned in North America and Europe . Customers can discover high-quality cellular leisure wherever they see the ‘T’ character brand, or at http://tapinator.com .

    Ahead Wanting Statements
    To the extent that statements contained on this press launch usually are not descriptions of historic details relating to Tapinator, they’re forward-looking statements reflecting the present beliefs and expectations of administration made pursuant to the protected harbor provisions of the Non-public Securities Litigation Reform Act of 1995. Phrases similar to “consider,” “purpose,” “search,” “plan,” “really feel,” “could,” “will,” “count on,” “anticipate,” “estimate,” “intend,” “goal,” and comparable expressions (in addition to different phrases or expressions referencing future occasions, circumstances or circumstances) are meant to establish forward-looking statements. These forward-looking statements embody, amongst different issues, our perception that the NFT market has lastly arrived, our perception that BitPainting was too early to market in 2018 and our perception that our imaginative and prescient for the NFT market was correct, our expectation that we’ll announce a brand new NFT platform quickly, our perception that there’s vital alternative inside sure different areas of the NFT market, our perception that the flexibility to supply curation and democratization of NFTs will present vital utility to NFT customers and may create vital shareholder worth, our plan to pronounces our upcoming NFT platform later this month by way of a touchdown web page that may present an summary of our upcoming product and permit guests to request an invite to hitch, our perception that we had been one of many first and at present few public firms to function inside the NFT house and our perception in our ongoing progress within the NFT space. Ahead-looking statements are topic to dangers and uncertainties that would trigger our future outcomes, efficiency or achievements to vary considerably from these expressed or implied by the forward-looking statements. Besides as required by legislation, Tapinator undertakes no obligation to replace or revise any forward-looking statements. The quoting and buying and selling of the Firm’s frequent inventory on the OTC Market is usually skinny and characterised by large fluctuations in buying and selling costs, on account of many components which will have little to do with the Firm’s operations or enterprise prospects. Because of this, there could also be volatility out there value of the shares of the Firm’s frequent inventory for causes unrelated to working efficiency. Furthermore, the OTC Market is just not a inventory trade, and buying and selling of securities on it’s typically extra sporadic than buying and selling of securities listed on a nationwide securities trade. Accordingly, stockholders could have issue reselling any of their shares. For an extra description of the dangers and uncertainties that would trigger precise outcomes to vary from these expressed in these forward-looking statements, in addition to dangers regarding the enterprise of the Firm, please see the Firm’s Supplemental Info Report as filed with the OTC Markets on March 16, 2020 and as up to date on occasion.

    CONTACT:
    Tapinator Investor Relations
    investor.relations@tapinator.com
    914.930.6232

    Cision View unique content material to obtain multimedia: http://www.prnewswire.com/news-releases/tapinator-provides-shareholder-update-on-nft-initiatives-301246992.html

    SOURCE Tapinator, Inc.

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