Asset Entities Inc. Announces the Expected Launch In Early 2024 of V2 of its Stripe-Verified Ternary Digital Community Payment Processing Platform

Rhea-AI Summary

Asset Entities Inc. (NASDAQ: ASST) announced the launch of Ternary V2, a next-generation digital community payment processing platform that aims to solve problems in the Creator Economy. The platform, set to launch in early 2024, will provide cutting-edge CRM tools for community owners to scale, manage, and transact payments. Asset Entities acquired Ternary, a cloud-based subscription management platform for Discord communities, and plans to integrate Ternary V2 with its AE360DDM suite of services by early 2024. The Creator Economy, estimated to be a $250 billion market, has seen tremendous growth, and Asset Entities aims to capitalize on this growth by onboarding more creators, communities, businesses, and brands to help convert followers into subscribers.

DALLAS, Dec. 18, 2023 (GLOBE NEWSWIRE) -- Asset Entities Inc. (NASDAQ: ASST), a provider of digital marketing and content delivery services across Discord and other social media platforms, today announced the launch of Ternary V2, the next generation of Ternary’s Stripe-verified digital community payment processing platform.

Upon its highly anticipated launch in early 2024, Ternary V2 will provide additional cutting-edge customer relations management (CRM) tools allowing community owners the ability to scale, manage, and transact payments all in a single platform. The platform is intended to solve diverse problems in the Creator Economy, the modern economic landscape where creators leverage digital platforms and technology to produce and distribute content that promotes products and services directly to their audience.

Asset Entities acquired Ternary, a cloud-based subscription management platform for Discord communities, on November 10, 2023. Ternary generates revenue by charging community owners a monthly subscription plus a processing fee to use its B2B platform.

“We are excited to see the launch and implementation of this new Ternary technology and to capitalize on the ever-growing Creator Economy,” said Arshia Sarkhani, Asset Entities’ Chief Executive Officer. “Ternary V2 is on track to allow any individual, business, or brand that has a following to monetize their communities seamlessly while utilizing CRM tools that are not available to community owners today.”

Asset Entities believes the integration of Ternary V2 with its AE360DDM suite of services, which is already utilizing Artificial Intelligence and ChatGPT technology, and Designs, Develops, and Manages Discord communities, will be fully complete by early 2024.

“With the success of Ternary V1, and the improvements that our new CTO, Jason Lee, and his team are developing with V2, Asset Entities is confident this new platform will acquire a wide following across all segments of the Creator Economy,” added Mr. Sarkhani.

The Creator Economy has seen tremendous growth recently with the market size estimated to be approximately $250 billion according to Goldman Sachs (Source: www.theleap.co). Via Ternary, Asset Entities plans to capitalize on this growth by onboarding more creators, communities, businesses, and brands to help convert followers into subscribers by providing tools to collect payments securely through Stripe while allowing for better segmentation and personalization for its audience.
Under Jason Lee’s management, Ternary processed over $10 million in revenue on behalf of its customers with more than 140,000 estimated successful transactions to date since its founding by Mr. Lee in 2020. A member of the 2021 Forbes Next 1000 list of leading young entrepreneurs, Mr. Lee has also been recognized for outstanding professional accomplishments as a Salesforce Alumni Spotlight, having worked with that company for just under seven years.

To learn about Ternary and its services, please go to www.ternarydev.com. To learn about the AE.360.DDM suite of services, please go to www.ae360.com and https://discord.gg/ae360ddm.

About Asset Entities
Asset Entities Inc. is a technology company providing social media marketing, management and content delivery across Discord, TikTok, Instagram, Twitter, and YouTube and other social media platforms. Asset Entities is believed to be the first publicly-traded company based on the Discord platform, where it hosts some of Discord’s largest social community-based education and entertainment servers.

The company’s AE.360.DDM suite of services is believed to be the first of its kind for the Design, Development and Management of Discord community servers. Asset Entities’ initial AE.360.DDM customers have included businesses and celebrities.

The company’s recent acquisition of Ternary, a cloud-based subscription management solution for Discord communities and stripe-verified payment processor, can be found at www.ternarydev.com

Learn more at assetentities.com, and follow the company on Twitter at $ASST and @assetentities.

Important Cautions Regarding Forward Looking Statements
This press release contains forward-looking statements. In addition, from time to time, representatives of the Company may make forward-looking statements orally or in writing. These forward-looking statements are based on expectations and projections about future events, which are derived from the information currently available to Asset Entities, Inc. (the “Company”). Such forward-looking statements relate to future events or the Company’s future performance, including its financial performance and projections, growth in revenue and earnings, and business prospects and opportunities. Forward-looking statements can be identified by those statement that are not historical in nature, particularly those that use terminology such as "may," "should," "expects," "anticipates," "contemplates," "estimates," "believes," "plans," "projected," "predicts," "potential," or "hopes" or the negative of these or similar terms. In evaluating these forward-looking statements, you should consider various factors, including: (I) the Company’s limited operating history; (ii) the Company’s ability to introduce new products and services; (iii) regulatory and compliance requirements; (iv) the effect of the COVID-19 pandemic on the Company and its current or intended markets; and (v) other risks and uncertainties described herein, as well as those risks and uncertainties that are described more fully in the section titled “Risk Factors” in the final prospectus related to the initial public offering filed with the SEC and other reports filed with the SEC thereafter. These and other factors may cause the Company’s actual results to differ materially from any forward-looking statement. Forward-looking statements are only predictions. The forward-looking statements contained in this press release are made as of the date of this press release, and the Company does not undertake any responsibility to update the forward-looking statements in this release, except in accordance with applicable law.

Company Contacts:
Arshia Sarkhani, President and Chief Executive Officer
Michael Gaubert, Executive Chairman
Asset Entities Inc.
Tel +1 (214) 459-3117
Email Contact

Investor Contact:
Skyline Corporate Communications Group, LLC
Scott Powell, President
One Rockefeller Plaza, 11th Floor
New York, NY 10020
Office: (646) 893-5835
Email: info@skylineccg.com

FAQ

What did Asset Entities Inc. (NASDAQ: ASST) announce?

Asset Entities Inc. announced the launch of Ternary V2, a next-generation digital community payment processing platform.

When is Ternary V2 set to launch?

Ternary V2 is set to launch in early 2024.

What is the Creator Economy?

The Creator Economy is the modern economic landscape where creators leverage digital platforms and technology to produce and distribute content that promotes products and services directly to their audience.

How does Ternary V2 aim to solve problems in the Creator Economy?

Ternary V2 aims to solve problems in the Creator Economy by providing cutting-edge CRM tools for community owners to scale, manage, and transact payments.

What is the market size of the Creator Economy?

The market size of the Creator Economy is estimated to be approximately $250 billion according to Goldman Sachs.

Who is the CEO of Asset Entities Inc.?

Arshia Sarkhani is the CEO of Asset Entities Inc.

What are the revenue and transaction figures for Ternary under Jason Lee's management?

Under Jason Lee’s management, Ternary processed over $10 million in revenue on behalf of its customers with more than 140,000 estimated successful transactions to date.

What is Jason Lee's professional background?

Jason Lee has been recognized for outstanding professional accomplishments as a Salesforce Alumni Spotlight, having worked with that company for just under seven years.