Friday, May 27 2022

New York, April 29, 2022 (GLOBE NEWSWIRE) — Takung Art Co Ltd. (NYSE: TKAT) (the “Company” or “TKAT”), an emerging operator of an online fine art and collectibles trading platform, today announced the launch of its own non-fungible token (NFT) site www. nftoeo.com.

This website allows art collectors and investors to buy, sell and discover exclusive digital art objects. The launch of the website marks the execution of the company’s strategy to roll out its NFT marketplace business.

Co-CEO Kuangtao Wang commented, “We have diligently implemented the blockchain/NFT business despite the many challenges and uncertainties in the global economy. The launch of our own NFT Marketplace gives us the anchor to participate in the promising NFT Marketplace to drive the sustainable growth of our business.

About TKAT

Takung Art Co Ltd. operates an online electronic platform (www.nftoeo.com) for the offering and trading of digital artworks. Through its platform, the company enables artists/art dealers/owners to access a much larger art trading market where they can engage with a wide range of investors. It generates revenue in the form of services related to the offering and marketing of works of art on its platform, mainly 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 federal securities law, including, but not limited to, our expectations regarding financial performance, business strategy or future activity. These statements constitute forecasts, outlooks and forward-looking statements and are not guarantees of performance. TKAT cautions that forward-looking statements are subject to numerous assumptions, risks and uncertainties that will change over time. Forward-looking statements may be identified by words such as “may”, “may”, “should”, “will”, “estimate”, “plan”, “project”, “anticipate”, “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 on our management’s current expectations, forecasts and assumptions, and involve a number of judgments, risks and uncertainties that may cause actual results or actual performance materially different from those expressed or implied by such forward-looking statements.

These risks and uncertainties include, but are not 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 local government policies and regulatory oversight of blockchain and NFT market operations;

  • TKAT’s advisory service, NFT marketplace, and blockchain-based online gaming businesses are still under development, with many uncertainties about the future direction and integration of these different business segments. ‘activity ;

  • Inability to effectively manage newly launched NFT market activity;

  • The rapid development of new technologies supporting blockchain and NFT and TKAT’s ability to explore these new technologies and apply them in innovative ways to maintain the competitiveness of its products and services; and

  • Loss of key customers in blockchain and NFT-related businesses;

  • other risks and uncertainties set forth in TKAT’s reports or documents with the SEC filed or to be filed with the SEC by TKAT.

Accordingly, forward-looking statements should not be taken as representing our views as of any future date, and you should not place undue reliance on such forward-looking statements in deciding whether or not to invest in our securities. We undertake no obligation to update forward-looking statements to reflect events or circumstances after the date on which they were made, whether as a result of new information, future events or otherwise, unless applicable securities laws require it.

SOURCETKAT

CONTACT: Byron Qian [email protected] +8613020144962
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