Creatd Completes its First NFT Art Offering

Rhea-AI Summary

On October 1, 2021, Creatd (Nasdaq CM: CRTD) announced the successful completion of its first NFT art auction featuring six NFTs from its OG Collection, which includes over 150,000 historical media pieces. The auction, held from September 22 to September 30, sold all NFTs for approximately $1,000 each. Proceeds will fund a dedicated creator initiative, enabling artists to create NFT art. Co-CEO Jeremy Frommer expressed enthusiasm about entering the NFT market and the company's commitment to empowering creators.

Positive

• Successful completion of first NFT auction.
• All six NFTs sold for approximately $1,000 each.
• Proceeds will be used to fund a dedicated creator initiative.

Negative

• None.

NEW YORK, Oct. 1, 2021 /PRNewswire/ -- Creatd, Inc. (Nasdaq CM: CRTD) ("Creatd" or the "Company"), today announced the results of its first NFT (non-fungible token) art auction. As part of its first NFT art drop, the Company introduced a selection of six NFTs featuring Penthouse Pet and model Billie Deane (the pseudonym of actress Gillian Duxbury) from the Company's OG Collection. The OG Collection is a library of over 150,000 photographs, illustrations, videos, and other media content originating from the archives of Bob Guccione, once the CEO of General Media and owner of publications including Penthouse, Viva, OMNI, and Longevity.

Creatd co-CEO Jeremy Frommer commented, "Of the six NFTs sold, I purchased one of them. Together with the five other winning bidders, I am excited to be among the very first holders of NFT artwork from the iconic OG Collection. Creatd's first NFT drop marked a successful step in our analysis of the NFT market and the complexities of building a successful marketplace platform. For more on our next drop I encourage you to visit the article I published today."

The auction opened on September 22nd and ended Thursday night, September 30th; all six NFTs were sold at a winning bid price of $0.34 wETH, or approximately $1,000 USD per piece.

The Company has also announced that the proceeds from its first NFT drop will be allocated toward a dedicated creator fund, intended for the specific purpose of affording creators the opportunity to turn their own digital creations into works of NFT art.

About Creatd

Creatd, Inc. (Nasdaq CM: CRTD) is a creator-first technology holding company and the parent company of the Vocal platform. Our mission is to empower creators, entrepreneurs, and brands through technology and partnership.

For news and updates, subscribe to Creatd's newsletter: https://creatd.com/newsletter

Investor Relations Contact: ir@creatd.com

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SOURCE Creatd, Inc.

FAQ

What are the results of Creatd's first NFT auction?

Creatd's first NFT auction, held between September 22 and September 30, 2021, successfully sold six NFTs from its OG Collection for approximately $1,000 each.

How will the proceeds from the NFT auction be used?

The proceeds from the NFT auction will be allocated to a dedicated creator fund to help artists turn their digital creations into NFT art.

What is the stock symbol for Creatd?

The stock symbol for Creatd is CRTD.

Who is the co-CEO of Creatd?

The co-CEO of Creatd is Jeremy Frommer.

When did the NFT auction for Creatd take place?

The NFT auction for Creatd took place from September 22 to September 30, 2021.