NetworkNewsWire
Editorial Coverage: The overall value of the global
cryptocurrency market reached an all-time high of more than $700
billion on January 3, 2018 (http://nnw.fm/0rxFZ), a clear indicator of the
increased interest in the adoption of digital currencies and their
underlying blockchain technology. Blockchain is already being
successfully implemented across various market sectors and is
expected to revolutionize a significant number of industries over
the next decade, including the financial, healthcare, real estate,
legal and gaming industries. Mobile gaming in particular is a
promising segment for blockchain adoption, with the fastest growing
rate in the whole gaming industry and over $40 billion in revenues
in 2017. Tapinator, Inc. (TAPM) (TAPM
Profile) has positioned itself to exploit these market trends
and establish an early lead within the blockchain gaming industry
through the recent creation of its subsidiary, Revolution
Blockchain LLC. Other companies poised to capitalize on
opportunities in the blockchain sector include Bitcoin
Investment Trust (GBTC), Riot Blockchain, Inc.
(RIOT), Bitcoin Services, Inc. (BTSC) and
Marathon Patent Group, Inc. (MARA).
Tapinator, Inc.
(TAPM) develops and publishes mobile games on Google Play, iOS
and Amazon platforms. To date, it has developed over 300 games,
which have been downloaded over 450 million times by global gamers,
and the company has stated its intentions to further increase its
market share by concluding strategic mergers and acquisitions.
Tapinator kicked off 2018 with news it will form a new
subsidiary, Revolution Blockchain LLC, to develop and publish
distributed apps and games leveraging blockchain technology
(http://nnw.fm/Us6W7). Currently under
development, Revolution Blockchain’s first product will leverage
blockchain technology for payment and asset storage via fungible
tokens residing on the blockchain. This product is scheduled to be
launched during the second quarter of 2018. The Company has
announced a seed investment in the new subsidiary by an individual
accredited investor, resulting in the issuance of membership
interests that are convertible into Tapinator’s common stock at
$0.25 per share.
"We believe that we're at the dawn of a new revolution where the
applicability of blockchain technology will expand from currency
trading to industry-changing applications and games," Tapinator CEO
Ilya Nikolayev stated in the press release about the new
subsidiary.
"The formation of our Revolution Blockchain subsidiary allows us
to plant a hard stake in the ground and make a long-term commitment
to the distributed app market. Our management team has been in the
application development and publishing space for over ten years now
and successfully made the transition from social/desktop to mobile
ecosystems. Similarly, we now believe Tapinator is extremely well
positioned and qualified to create early leadership within the
decentralized apps market."
Decentralized apps (DApps) run on a P2P computer network instead
of operating through a single, centralized computer or server.
DApps eliminate the issues with having a single point of failure
and are therefore more stable than apps running on centralized
systems. They are also more flexible in terms of diversity and have
much more scalability potential. For decentralized applications to
be integrated in the blockchain, they must be completely
open-source, they need to enable data and records to be
cryptographically stored, and also to enable the use and generation
of cryptographic tokens. Ethereum is currently the leading platform
for DApps, allowing developers to choose rules for transaction
formats and asset ownership. In the gaming industry at the moment,
dedicated players who build up large in-game assets have no
ownership over them and may also have issues ensuring asset
security. These issues will be solved by blockchain-based gaming
apps.
Tapinator has developed and published a number of established
products, including a selection of best-in-class “Full-Featured
Games.” These include ROCKY™ and Solitaire Dash, which offer unique
and in-depth content that enables long-term player retention.
Recently, Tapinator launched three other Full-Featured titles: Big
Sport Fishing 2017, Dice Mage 2, and ColorFill. Other new titles
scheduled for release in early 2018 include Fusion Heroes and
Divide and Conquer. The Company predicts the lifespan of its
Full-Featured Games to be over five years, and is attempting to
build franchisee-type games that could achieve lifetime revenues of
over $100 million.
Tapinator’s revenue model is a blend of app store purchases
combined with in-game advertising. 54 percent of its revenue is
derived from advertising and 46 percent is derived from app store
transactions. The company restricts advertising to placements
between game levels and runs rewarded video ad units that are tied
directly into each game’s currency. Tapinator’s broader business
model also focuses on capitalizing on the significant opportunities
for expanding its gaming IP to new platforms such as Ethereum.
As Tapinator continues to grow its product portfolio and modify
its offerings to meet the demands of the modern gamer, the company
joins several other sector players taking advantage of blockchain
technology for a variety of applications.
Bitcoin Investment Trust (GBTC) is a U.S.-based
open-ended grantor trust, sponsored by Grayscale Investments, that
invests exclusively in bitcoin – the underlying use of which is
blockchain. Bitcoin Investment Trust is the first publicly quoted
bitcoin investment enterprise, with its shares the first publicly
quoted securities to be solely invested in and deriving value from
the price of bitcoin. The company relieves investors of the
challenges of buying, storing and securing bitcoin, which are taken
care of through its traditional investment vehicle. This ensures
shares are titled in the investors’ name and provides a structure
for financial and tax advisers, while enabling easy transfer to
beneficiaries under estate laws. Bitcoin Investment Trust has
earned the distinction of being named one of OTC Market Group’s
“OTCQX Best 50” for 2017.
Riot Blockchain (RIOT) identifies unique
projects in decentralized markets to invest in blockchain
technology, focusing primarily on bitcoin and Ethereum blockchains.
Its portfolio of investments includes Verady, a company providing
cryptocurrency accounting and audit technology services using
VeraNet. VeraNet enables individuals and companies to audit,
account and report on blockchain assets, and provides a bridge
between cryptocurrencies and traditional financial accounting.
Tesspay is another Riot Blockchain company that is developing a
blockchain-based escrow service for wholesale telecom carriers. A
third company within the Riot Blockchain stable is Coinsquare, a
leading Canadian digital currency exchange providing a
user-friendly, secure and cost-efficient method of purchasing
digital assets.
Bitcoin Services (BTSC) focuses primarily on
mining bitcoin, but also develops and sells blockchain software.
The company recently established a new subsidiary, CryptoCapital
Corp., a cryptocurrency holding enterprise that acts as a catalyst
for cryptocurrency adoption and innovation. This subsidiary
developed a cryptocurrency wallet that enables consumers to
securely store multiple digital currencies within the same wallet.
Bitcoin Services started mining its own cryptocurrency, called
Dash, in the first quarter of 2017.
On November 2, 2017, Marathon Patent Group
(MARA) announced that it had entered into a definitive
purchase agreement to acquire full ownership of Global Bit Ventures
Inc., a digital asset company using blockchain technology to mine
cryptocurrencies. Marathon is an Intellectual Property (IP)
licensing and commercialization company that acquires and manages
IP rights for a diverse range of entities, including universities,
large corporations and small companies. The company’s lifecycle of
commercialization covers the discovery of opportunities and
performing due diligence, protecting IP, providing capital,
managing development, assisting with business plan execution and
maximizing shareholder value.
A bright future is predicted for blockchain technology, with its
application expected to extend from purely financial transactions
to facilitating business transactions in multiple industries.
Companies in the blockchain industry are poised to significantly
expand operations and increase shareholder value by capitalizing on
the future growth of the market.
For more information on Tapinator, visit
Tapinator, Inc.
(OTCQB: TAPM)
About NetworkNewsWire
NetworkNewsWire (NNW) is an information service that provides
(1) access to our news aggregation and syndication servers, (2)
NetworkNewsBreaks that summarize corporate news and
information, (3) enhanced press release services, (4) social media
distribution and optimization services, and (5) a full array of
corporate communication solutions. As a multifaceted financial news
and content distribution company with an extensive team of
contributing journalists and writers, NNW is uniquely positioned to
best serve private and public companies that desire to reach a wide
audience of investors, consumers, journalists and the general
public. NNW has an ever-growing distribution network of more than
5,000 key syndication outlets across the country. By cutting
through the overload of information in today’s market, NNW brings
its clients unparalleled visibility, recognition and brand
awareness. NNW is where news, content and information converge.
NetworkNewsWire (NNW)
New York, New York
www.NetworkNewsWire.com
212.418.1217 Office
Editor@NetworkNewsWire.com
Please see full terms of use and disclaimers on the
NetworkNewsWire website applicable to all content provided by NNW,
wherever published or re-published: http://NNW.fm/Disclaimer
DISCLAIMER: NetworkNewsWire (NNW) is the source of the Article
and content set forth above. References to any issuer other than
the profiled issuer are intended solely to identify industry
participants and do not constitute an endorsement of any issuer and
do not constitute a comparison to the profiled issuer. The
commentary, views and opinions expressed in this release by NNW are
solely those of NNW. Readers of this Article and content agree that
they cannot and will not seek to hold liable NNW for any investment
decisions by their readers or subscribers. NNW are a news
dissemination and financial marketing solutions provider and are
NOT registered broker-dealers/analysts/investment advisers, hold no
investment licenses and may NOT sell, offer to sell or offer to buy
any security.
The Article and content related to the profiled company
represent the personal and subjective views of the Author, and are
subject to change at any time without notice. The information
provided in the Article and the content has been obtained from
sources which the Author believes to be reliable. However, the
Author has not independently verified or otherwise investigated all
such information. None of the Author, NNW, or any of their
respective affiliates, guarantee the accuracy or completeness of
any such information. This Article and content are not, and should
not be regarded as investment advice or as a recommendation
regarding any particular security or course of action; readers are
strongly urged to speak with their own investment advisor and
review all of the profiled issuer’s filings made with the
Securities and Exchange Commission before making any investment
decisions and should understand the risks associated with an
investment in the profiled issuer’s securities, including, but not
limited to, the complete loss of your investment.
NNW HOLDS NO SHARES OF ANY COMPANY NAMED IN THIS RELEASE.
This release contains “forward-looking statements” within the
meaning of Section 27A of the Securities Act of 1933, as amended,
and Section 21E the Securities Exchange Act of 1934, as amended and
such forward-looking statements are made pursuant to the safe
harbor provisions of the Private Securities Litigation Reform Act
of 1995. “Forward-looking statements” describe future expectations,
plans, results, or strategies and are generally preceded by words
such as “may”, “future”, “plan” or “planned”, “will” or “should”,
“expected,” “anticipates”, “draft”, “eventually” or “projected”.
You are cautioned that such statements are subject to a multitude
of risks and uncertainties that could cause future circumstances,
events, or results to differ materially from those projected in the
forward-looking statements, including the risks that actual results
may differ materially from those projected in the forward-looking
statements as a result of various factors, and other risks
identified in a company’s annual report on Form 10-K or 10-KSB and
other filings made by such company with the Securities and Exchange
Commission. You should consider these factors in evaluating the
forward-looking statements included herein, and not place undue
reliance on such statements. The forward-looking statements in this
release are made as of the date hereof and NNW undertake no
obligation to update such statements.
Source:
NetworkNewsWire
Contact:
NetworkNewsWire (NNW)
New York, New York
www.NetworkNewsWire.com
212.418.1217 Office
Editor@NetworkNewsWire.com
Marathon Digital (NASDAQ:MARA)
Historical Stock Chart
From Mar 2024 to Apr 2024
Marathon Digital (NASDAQ:MARA)
Historical Stock Chart
From Apr 2023 to Apr 2024