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Yeah. The CEO is bad at this stuff.
But I guess we wait for launch news.
I don't like the material impact statement. Could have left that out. It's cautious. But caution... meh.
Buzz is buzz. Buy the rumor sell the news on a mysterious new product coming at end of month?
From PRNewswire
NEW YORK, March 15, 2021 /PRNewswire/ -- Tapinator, Inc. (OTC: TAPM) ("Tapinator," the "Company," "we," "our" or "us"), a developer and publisher of category leading games for mobile platforms, is providing an update on its Non-Fungible Token ("NFT") initiatives. As background, in January 2018, the Company concluded there was a significant future market opportunity for NFTs as it related to gaming, art and collectibles. In February 2018, Tapinator announced the beta launch of BitPainting, a digital platform for collecting iconic art on the blockchain, and one of the very first NFT marketplaces. The application was built on the Ethereum Platform and relies on our proprietary smART contracts. At the time, we communicated our belief "that the $45 billion art market was ripe for disruption by blockchain technology through crypto-collectibles (e.g. NFTs) which will drive art sales via digital scarcity and will democratize fine art investment."
In March of 2018 and in conjunction with Mego Games, we launched Darkwinds, an online fantasy based trading card game. We announced that a "feature of Darkwinds, as compared to other on-line card games, is that it runs on top of the Ethereum network. More specifically, all Darkwinds cards are non-fungible tokens (NFTs) or crypto-collectibles, a new standard for virtual objects where players have perpetual rights to sell, trade and give away their items, both within and outside of the game's ecosystem." Today, the game's cards continue to be available to trade on third party NFT platforms such as OpenSea.
When we initiated these pioneering efforts, we recognized that the NFT market was in its infancy. We were extremely proud of the high quality of both of these products and that they were brought to market both cost-effectively and on schedule. Despite the quality of these applications, however, we were disappointed by the relatively small market size for both products at the time and the regulatory uncertainty surrounding crypto collectibles. Based on our experience with these initial launches, we concluded that the addressable market in 2018 was too nascent to generate significant near-term value for our shareholders.
Today, we believe the market for NFTs has finally arrived, despite the fact that we are still in the very early stages of the market's development. The recent $69 million record Beeple digital art sale at Christie's and the $200+ million in sales to date of NBA Topshots digital moments are just two data points representing this exciting new era and opportunity for blockchain based digital art and branded collectibles. While BitPainting was too early to market in 2018, we are confident that our vision was accurate. Furthermore, the expertise that Tapinator acquired while building the application, as well as our study of the market for the past three years, are valuable assets that we are now leveraging as we develop a new NFT platform which we expect to announce later this month.
Ilya Nikolayev, CEO of Tapinator, commented, "Current NFT marketplaces are extremely cluttered. For example, OpenSea indicates that it lists over 4 million items on its platform. We do not believe that another uncurated, NFT emporium is the future. We do, however, believe there is significant opportunity within certain other areas of the NFT market. More specifically, we believe that the ability to offer curation and democratization of NFTs will provide significant utility to NFT consumers and can create significant shareholder value. We plan on announcing our upcoming NFT platform within the next several weeks via a landing page that will provide an overview of our upcoming product and allow visitors to request an invitation to join. We believe that we were one of the first and currently few public companies to operate within the NFT space and, accordingly, we are pleased to communicate our ongoing progress in this area to our growing shareholder base during these most exciting times. Although we cannot guarantee that our NFT initiatives will result in material monetization for Tapinator, we are excited to soon announce a platform that, we believe, reflects the need for curation and democratization within the space."
About Tapinator
Tapinator Inc. (OTC: TAPM) develops and publishes category leading games for mobile platforms, with a focus on the social casino genre. Tapinator's library includes more than 300 titles that, collectively, have achieved over 500 million mobile downloads, including notable properties such as Video Poker Classic and Solitaire Derby. Tapinator generates revenues through the sale of branded advertising and via consumer transactions, including in-app purchases and subscriptions. Founded in 2013, Tapinator is headquartered in New York, with product development and marketing teams located in North America and Europe. Consumers can find high-quality mobile entertainment wherever they see the 'T' character logo, or at http://tapinator.com.
Forward Looking Statements
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," "goal," "seek," "plan," "feel," "may," "will," "expect," "anticipate," "estimate," "intend," "target," and similar expressions (as well as other words or expressions referencing future events, conditions or circumstances) are intended to identify forward-looking statements. These forward-looking statements include, among other things, our belief that the NFT market has finally arrived, our belief that BitPainting was too early to market in 2018 and our belief that our vision for the NFT market was accurate, our expectation that we will announce a new NFT platform soon, our belief that there is significant opportunity within certain other areas of the NFT market, our belief that the ability to offer curation and democratization of NFTs will provide significant utility to NFT consumers and can create significant shareholder value, our plan to announces our upcoming NFT platform later this month via a landing page that will provide an overview of our upcoming product and allow visitors to request an invitation to join, our belief that we were one of the first and currently few public companies to operate within the NFT space and our belief in our ongoing progress in the NFT area. Forward-looking statements are subject to risks and uncertainties that could cause our future results, performance or achievements to differ significantly from those expressed or implied by the forward-looking statements. Except as required by law, 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 Marketplace 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 Marketplace is not a stock exchange, and trading of securities on it is often more sporadic than trading of securities listed on a national 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, please see the Company's Supplemental Information Report as filed with the OTC Markets on March 16, 2020 and as updated from time to time.
CONTACT:
Tapinator Investor Relations
investor.relations@tapinator.com
914.930.6232
SOURCE Tapinator, Inc.
Related Links
http://tapinator.com
Updates on NFT
Click Me
Sell some along the way up. Cash out.
This is the way.
I meant where are the clones haha.
Real Money video poker classic would be great.
Creat some hashtags on Twitter tied to video poker or video poker specifically. Or always tag them on all their game tweets.
Poker champions or celebrity poker enthusiasts
They should go after them to see if they'll promote the company.
Like give someone famous a stake in the company. But like Ed Norton, Matt Damon, Ben affleck famous or something.
Or do an update to video poker classic etc while they have twitter people pumping them. So they'll retweet it.
Or start going after influencers to start pushing their games.
Original art on bitpainting is the way.
And promoting darkwinds more.
And is there a thing such as crypto puppies? Or crypto froggies? And so on.
I hope people promote their games lol. Tapinator always fails on marketing themselves and their games.
They had a rocky game - yet didn't do anything when Creed movie came out.
Wasted opportunity there.
So sell for 10,000% gains like gamestop. Next stop $400/share.
There's a breakout board?
How many shares a short?
And I hope everyone else has diamond hands too.
I tried using emojis... failed.
?????? ?? ?? ??
$50 reasonable. $100 likely. $500 potential. $1000 maybe?
More game downloads with current exposure?
I see a lot of people talking about TAPM on Twitter. Wondering if they'll start linking to their games etc. Even if the NFT doesn't play out, the exposure now is good for downloads etc I'd guess.
More more more!
Lamborghini or Ferrari?
As in non-fungible tokens?
What happened? Lol. I filled some shares at $15.
Celebrities or something to get people looking for video poker lol
Sad they gave up on bitpainting.
The key was original art.
Looks like NFTs, and especially art, exploded in 2020 by like 30x. And 2021 is looking to continue that pace.
Did you post about in back in November on here? I just saw the one from last week or so.
It's crashed since you posted this. And TAPM went up.
You should come back.
Looks like it was from earnings
Sold a chunk at $7.50. $10 next, then $15.
Then scale out with the rest.
Maybe $25, $35, $50?
That was a blowout quarter right?
Haha yeah. They just made 1M versus like 3M market cap too....
https://www.coindesk.com/art-ethereum-nfts-celebrities
So maybe they were just ahead of their time with bitpainting? Lol. And also lacked the star power.
Tapinator needs to get with the times and work with tik tok and Instagram influencers. One Kardashian or something playing their game would bring in millions of downloads.
Gluu was just bought out at around 4x revenue.
Hasn't TAPM doubled since November though?
Haha. Yeah. Take tapinator away from management as a reddit meme lol. Probably would lead to this company being more successful too.
They should pick a side in the dem vs republican battle. Ridiculous press either way. When one side cancels them, the other side will drive up their downloads etc out of spite.
Seems like a can't lose situation for small companies like this.
Basically take advantage of the duality of cancel culture. The spite support.
They could make like a trump golf simulator. Or vaccine sim with biden injecting people. Or fauci. You know - get creative with IP.
Looks like Lucky Lotto is officially out of soft launch on iOs.
Zombies storm capitol game. And you pay to unlock different skins for your zombies. ??
I would play that game lol.