TKAT announces launch of NFT trading website
April 29 2022 - 8:30AM
Takung Art Co Ltd. (NYSE: TKAT) (the "Company" or "TKAT"), an
emerging operator of a fine art and collectibles online trading
platform, today announced the launch of its own non-fungible tokens
(NFTs) website www. nftoeo.com.
This website allows art collectors and investors
to buy, sell and discover exclusive digital art items. The launch
of the website marks execution of the Company’s strategy to roll
out its NFT marketplace business.
Co-CEO Kuangtao Wang commented, “We have been
diligently implementing the blockchain/NFT business despite of many
challenges and uncertainties in the global economy. Launch of our
own NFT marketplace gives us the anchor to participate in the
promising NFT market to stimulate sustainable growth of our
business.”
About TKAT
Takung Art Co Ltd. operates an online electronic platform
(www.nftoeo.com) for offering and trading of digital artwork.
Through its platform, the Company allows artists/art dealers/owners
to access a much bigger art trading market where they can engage
with a wide range of investors. It generates revenue in the form of
services in connection with the offering and trading of artwork on
its platform, primarily consisting of listing fees, trading
commissions, and management fees. Please visit:
www.nftoeo.com.
Forward-Looking Statements
Certain statements in this press release may constitute
"forward-looking statements" within the meaning of the Federal
Securities Act, including but not limited to our expectations of
future financial performance, business strategy or business. These
statements constitute forecasts, prospects and forward-looking
statements and are not performance guarantees. TKAT warns that
forward-looking statements are subject to many assumptions, risks
and uncertainties that will change over time. Forward looking
statements may be identified by words such as "may", "can",
"should", "will", "estimate", "plan", "project", "forecast",
"intend", "expect", "predict", "believe", "seek", "target",
"Outlook" or similar words.
These forward-looking statements are based on information
available as of the date of this press release and our management's
current expectations, forecasts and assumptions, and involve a
number of judgments, risks and uncertainties that may cause actual
results or performance to be materially different from those
expressed or implied by these forward-looking statements.
These risks and uncertainties include, but not are limited to,
the risk factors described by TKAT in its filings with the
Securities and Exchange Commission ("SEC"). These risk factors and
those identified elsewhere in this press release, among others,
could cause actual results to differ materially from historical
performance and include, but are not limited to:
- Changes in the local governments’ policies and regulatory
oversight of blockchain and NFT marketplace operations;
- TKAT's consultancy service, NFT marketplace and
blockchain-based online games businesses are still under
development, with many uncertainties in the future direction and
integration of these various business segments;
- Failure to manage the newly launched NFT marketplace business
effectively;
- The rapid development of the new technologies supporting
blockchain and NFT and TKAT’s ability to explore these new
technologies and apply them innovatively to keep its products and
services competitive; and
- Loss of key customers in the blockchain and NFT related
business;
- other risks and uncertainties indicated in TKAT's SEC reports
or documents filed or to be filed with the SEC by TKAT.
Accordingly, forward-looking statements should not be relied
upon as representing our views as of any subsequent date, and you
should not place undue reliance on these forward-looking statements
in deciding whether to invest in our securities. We do not
undertake any obligation to update forward-looking statements to
reflect events or circumstances after the date they were made,
whether as a result of new information, future events or otherwise,
except as may be required under applicable securities laws.
SOURCE TKAT
Byron Qian
byronqian@163.com
+8613020144962
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