How Blockchain and Crypto Advancements are Creating Lucrative Opportunities for Digital Storage and Global Art Industry - Seite 2

"After significant development efforts by our team, we are very excited to announce the initial launch of BitPainting, a new digital platform for collecting iconic art on the blockchain," said Ilya Nikolayev, CEO of Tapinator. "BitPainting allows art enthusiasts to collect and interact with rare virtual artwork on the Ethereum network. Art lovers can acquire iconic works, mint editions, sell, gift and explore famous works from world-renowned artists. BitPainting members can assemble unique collections and browse the artwork amassed by our community. Each artwork on BitPainting is a non-fungible (ERC-721) token, which is stored on the Ethereum blockchain. We have built specialized smART™ contracts which guarantee the scarcity, ownership, and provenance of these works. These smART™ contracts allow BitPainting collectors to create limited editions of their artworks, enabling a form of limited, decentralized supply as well as profit opportunities.

We believe the $45 billion art market is ripe for disruption by blockchain technology. We see a future where crypto-collectibles drive art sales via digital scarcity and democratize the collection of physical, digital and virtual fine art. In fact, we have already witnessed significant early market adoption of crypto-collectibles. Recently, CryptoKitties' virtual cat, Celestial Cyber Dimension, sold for $140,000 via LiveAuctioneers and Kevin Abosch's Forever Rose sold for $1 million via GIFTO. We believe Tapinator is well positioned to become a leader in the crypto collectibles market through the BitPainting platform," concluded Nikolayev.Read this and more news for Tapinator at: http://www.marketnewsupdates.com/news/tapm.html

In other industry developments from around the markets:  

Global Blockchain Technologies Corp. (OTC:BLKCF) (TSX-V:BLOC.V) recently announced it has incorporated a Cayman-based subsidiary, named Laser Inc., as part of its recently-announced project, the Laser Network ("Laser"). To date, Laser has received considerable attention from throughout the blockchain sector, as well as from the broader technology industry as a SWIFT-like protocol to interconnect thousands of existing blockchain networks, thus allowing inter-chain transactions, and enabling blockchains to operate without borders. The purpose of this subsidiary is to manage the initial servicenode network that underpins Laser's blockchain network and supports its defining features. The crowdsale will entail an equity sale in the subsidiary Laser Inc., with the network's proprietary Photoncryptocurrency ("Photons") allocated proportionately to equity purchased.