Creatd Appoints John Tabacco to Advise the Company on its Investigation into Naked Shorts and Advance its Blockchain Strategy

Rhea-AI Summary

Creatd, Inc. has appointed John Tabacco, former President of tZERO Technologies, to enhance its blockchain strategy and combat illegal trading practices, including naked short selling. Announced on March 3, 2023, this move aligns with the company's objectives to dual list on Upstream and support the spin-off of its subsidiary, OG Collection, Inc.. Tabacco's extensive experience in finance and fintech positions him to lead investigations into abusive trading and develop operational frameworks for the blockchain exchange. This appointment is expected to accelerate Creatd's strategic initiatives and strengthen its market position.

Positive

• John Tabacco's appointment brings extensive expertise in blockchain and financial markets, expected to strengthen the company's strategic direction.
• The focus on investigating abusive trading practices may enhance investor confidence and stabilize stock performance.
• The dual listing on Upstream and the upcoming spin-off could potentially unlock new value for shareholders.

Negative

• Concerns may arise regarding the continuity of leadership and operational changes as the company navigates its blockchain strategy.

• John is recognized as one of the predominant experts in the operational frameworks of today's public financial markets.
• As part of the Company's internal task force, which includes experts in multiple fields, John will be one of the leaders advising on the Company's blockchain strategy as it battles illegal naked short selling and other abusive trading practices.

NEW YORK, March 3, 2023 /PRNewswire/ -- Creatd, Inc. (OTCQB: CRTD; Upstream: CRTD) ("Creatd" or the "Company"), a creator-first technology company, is pleased to announce the addition of John Tabacco, former President of tZERO Technologies, a blockchain-based digital security ecosystem launched by Overstock.com, Inc. Given the Company's advancing strategy into blockchain exchanges such as Upstream, John's expertise will both strengthen and accelerate the Company's plans.

As a thought leader in trading, operations, stock loan, market making, and prime brokerage, John will lead a team of experts in an investigation of what the Company deems abusive trading in its underlying stock. In addition, he will help create an internal operational framework to support the Company's recent dual listing on the blockchain securities exchange, Upstream. In addition, he will advise on the planned spin-off of Creatd's wholly owned subsidiary OG Collection, Inc. on a blockchain exchange.

Having pioneered the first SEC approved digital dividend for Overstock.com, Inc., John has spent over 25 years as a Wall Street financial technology innovator, entrepreneur, thought leader, and national cable TV personality. John was the founder of Locatestock.com, which changed the paradigm in securities finance technology for the US Capital Markets and is globally recognized as one of the early adopters in the crypto and blockchain space. As an advisor to Creatd and CEOBLOC, John will report directly to Creatd CEO Jeremy Frommer.

About Creatd

Creatd, Inc. (OTCQB: CRTD; Upstream: CRTD) is a company with a mission to provide economic opportunities to creators and brands by multiplying the impact of platforms, people, and technology. Creatd's pillars work together to create a flywheel effect, supporting our core vision of creating a viable and safe ecosystem for all stakeholders in the creator economy.

Creatd: https://creatd.com;

Creatd IR: https://investors.creatd.com;

Vocal Platform: https://vocal.media;

Investor Relations Contact: ir@creatd.com

Forward-Looking Statements

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SOURCE Creatd, Inc.

FAQ

What is John Tabacco's role at Creatd?

John Tabacco has been appointed to advise on the investigation into illegal trading practices and to advance the company's blockchain strategy.

Why was John Tabacco chosen for this position at Creatd?

Tabacco was chosen for his extensive experience in the financial technology sector, particularly in blockchain and trading operations.

What impact will John Tabacco's appointment have on Creatd's blockchain strategy?

His expertise is expected to accelerate Creatd's blockchain initiatives and strengthen its operational frameworks.

What are the upcoming plans for Creatd following the appointment of John Tabacco?

Creatd plans to investigate abusive trading practices, support its dual listing on Upstream, and proceed with the spin-off of OG Collection, Inc.