NEW YORK, February 15, 2018 /PRNewswire/ --
Tapinator, Inc. (OTCQB: TAPM), a leading developer and publisher of mobile games and decentralized apps (DApps) on the iOS, Google Play, Amazon, and Ethereum platforms, today announces that it will soon be releasing BitPainting, a crypto-collectibles application for the global art market. A beta release of the platform is scheduled for this coming April, and interested collectors may sign up for Beta Access at BitPainting.com .
Tapinator's announcement is being made in conjunction with the Company's participation at ETH Denver, a leading blockchain conference taking place on February 16th - 18th in Denver Colorado. Ilya Nikolayev, CEO of Tapinator, will be participating on a conference panel entitled 'Art and Games on the Blockchain.'
"We are very excited to announce the upcoming launch of BitPainting, a new digital platform for collecting iconic art on the blockchain," said Mr. Nikolayev. "The application is built on the Ethereum Platform and will rely on our proprietary smART[TM] Contracts. We believe the $45 billion art market is ripe for disruption by blockchain technology through crypto-collectibles which will drive art sales via digital scarcity and will democratize fine art investment.
We believe Tapinator is well positioned to become a disruptor of the global art market through the BitPainting platform. We are excited to provide the market with further detail regarding the application as we get closer to our launch date," concluded Nikolayev.
Tapinator develops and publishes mobile games and decentralized apps on the iOS, Google Play, Amazon, and Ethereum platforms. Tapinator's portfolio includes over 300 mobile gaming titles that, collectively, have achieved over 450 million player downloads, including games such as ROCKY™, Video Poker Classic, Solitaire Dash, and Dice Mage. Tapinator generates revenues through the sale of branded advertisements and via consumer transactions, including in-app purchases. Founded in 2013, Tapinator is headquartered in New York, with product development teams located in the United States, Germany, Bulgaria, Pakistan, Indonesia and Canada. Consumers can find high-quality mobile entertainment wherever they see the 'T' character logo, or the 'Revolution Blockchain' wordmark.
About ETH Denver
Decentralization is underway. In the coming years, emerging blockchain technologies (like Ethereum) will aid in distributing power from the center to the edges of our communities. This movement could bring about the most significant technological and social advancements since the advent of the internet. Ethereum Denver has supported the blockchain community since early 2014. Along with its sister events, there are over 2,500 people registered to participate in its events.
To the extent that statements contained in this press release are not descriptions of historical facts regarding Tapinator, they are forward-looking statements reflecting the current beliefs and expectations of management made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Words such as "believe," "may," "will" "expect," "anticipate," "estimate," "intend," and similar expressions (as well as other words or expressions referencing future events, conditions or circumstances) are intended to identify forward-looking statements. Forward-looking statements in this release involve substantial risks and uncertainties that could cause the next stage of our development, the deleveraging and strengthening of our balance sheet and the execution of our organic growth strategy to differ significantly from those expressed or implied by the forward-looking statements. Such risks and uncertainties include, among others, whether BitPainting will launch the second quarter of 2018, if at all, and whether such product will be well received in the marketplace, our belief that the applicability of blockchain technology will expand from currency trading to industry-changing applications and games and our beliefs that we are well positioned to become a leader within the decentralized apps market and to disrupt the global art market. Tapinator undertakes no obligation to update or revise any forward-looking statements. The quoting and trading of the Company's common stock on the OTC Market Group's OTC Link quotation system is often thin and characterized by wide fluctuations in trading prices, due to many factors that may have little to do with the Company's operations or business prospects. As a result, there may be volatility in the market price of the shares of the Company's common stock for reasons unrelated to operating performance. Moreover, the OTC Market Group's OTC Link quotation system is not a stock exchange, and trading of securities on it is often more sporadic than trading of securities listed on the NASDAQ Stock market or another securities exchange. Accordingly, stockholders may have difficulty reselling any of their shares. For a further description of the risks and uncertainties that could cause actual results to differ from those expressed in these forward-looking statements, as well as risks relating to the business of the Company, see Tapinator's Risk Factors which are available within the disclaimers section of Tapinator.com.
SOURCE Tapinator, Inc.