Tulsa, OK, Sept. 24, 2021 (GLOBE NEWSWIRE) — via NewMediaWire — AppSwarm, Corp. (OTC: SWRM), a software development company and aggregator of mobile applications, announced it has been retained by Touchpoint Group Holdings, Inc. (OTCQB: TGHI), a media and digital technology holding company, to explore the development of new urban transportation technologies.
TulsaLabs announces an agreement with Touchpoint Group to explore the development of next-generation urban transportation technologies for the commercial market.
Through Touchpoint’s recent acquisition of the World Championship Air Race (WCAR) both parties will explore technological developments in green power and advanced aerial mobility, including electric powered aircraft, EVTOL (vertical takeoff and landing), and personalized Jetpacks.
Chris Bailey, the CEO of AppSwarm, commented, “As a research lab focused on next-generation technology, the exploration of new urban transportation opportunities is something that interests us very much. We are very excited to be working with the team at Touchpoint, and how we can both leverage our expertise to become a player in the next generation urban transportation market.”
In addition, both companies will begin collaborating on non-fungible token (NFTs) projects within the entertainment industry. In recent times, celebrities have sought out digital artists to mint their own non-fungible tokens to tokenize everything from music to artwork, to special live experiences.