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Creatd, Inc. (OTCQB: CRTD) is a leading innovator in digital technology and creator-centric platforms based in the United States. The company provides an array of tools and curated communities to assist creators, from bloggers to podcasters, in effectively monetizing their content. By enabling creators to connect with their ideal audiences and partner with relevant brands, Creatd fosters a robust ecosystem for storytelling and content creation.
The company has recently embarked on a strategic initiative to acquire TAMI Ventures Inc., marking a significant expansion in their portfolio. The proposed acquisition, set to be completed through an all-preferred shares transaction, aims to integrate TAMI Ventures' extensive portfolio of proprietary technology platforms, which include social media, sports betting, fantasy sports, eSports, and more. This merger not only broadens Creatd’s technological assets but also positions the combined entity to tap into the burgeoning sports betting market.
In 2023, the sports betting sector in the United States saw a record $119.84 billion wagered, highlighting its rapid growth and potential. Leveraging TAMI Ventures' capabilities, Creatd plans to introduce an innovative gaming social media platform that will empower digital influencers and content creators. This initiative is expected to generate significant growth synergies and enhance Creatd’s market presence.
Financially, Creatd is demonstrating strong resilience and strategic foresight. Following a reverse stock split, the company saw a 300% increase in valuation and eliminated nearly $1M in payables. The impending Schedule 13G filings by major investors, who control approximately 22% of Creatd’s publicly traded shares, reflect strong investor confidence and a commitment to the company’s growth trajectory.
Despite facing challenges such as delayed financial filings, Creatd remains focused on enhancing its net equity and cash reserves. The company anticipates releasing its 10-K report and Q1 financial filings in mid-2024, underscoring its commitment to transparency and robust financial health. Moving forward, Creatd aims to achieve uplisting to a national exchange, further solidifying its market position and shareholder value.
Jeremy Frommer, CEO of Creatd, Inc., emphasizes the company's dedication to building a diversified portfolio of leading-edge tech and media assets. The continued expansion of Vocal, a 100% owned social media technology platform subsidiary, along with strategic acquisitions, underscores Creatd's commitment to growth and innovation.
Creatd, Inc. (Nasdaq CM: CRTD) announces the Create Your Happiness Challenge in partnership with Fiskars, aiming to inspire creativity through a storytelling contest featuring personal hobbies. Submissions open until June 11, 2021, encouraging participants to share unique stories that reference Fiskars' iconic scissors. This collaboration aims to engage creators and promote brand interaction, as highlighted by Fiskars' dedication to enhancing creativity with over 350 years in the craft industry.
Creatd, Inc. (Nasdaq CM: CRTD) launched the Color is Pride: The True Colors Challenge on May 3, 2021, in partnership with Moleskine. This poetry contest encourages Vocal creators to share original poems reflecting diversity and inclusion. Unlike previous challenges, this will award 15 winners a total of $30,000 ($2,000 each) to celebrate the LGBTQ+ community during Pride Month. Winners will also collaborate with Moleskine for its campaign. Submissions are open until May 16, 2021.
Creatd, Inc. (Nasdaq CM: CRTD) announced plans to launch the OG Gallery, an NFT art gallery for digital collectibles from the OG Collection, comprising over 100,000 images linked to media mogul Bob Guccione. The collection, valued at $5-$7 million, includes rare artwork and photographs. This launch is part of the Company's strategy to leverage its intellectual property and explore blockchain technologies to enhance value for creators. The OG Gallery will further the Company’s mission to revitalize and monetize legacy content, aligning with Creatd's creator-first approach.
Creatd, Inc. (Nasdaq CM: CRTD) announced a strategic partnership with Untamed Photographer, an environmental art platform. This partnership includes initiatives to promote Untamed Photographer's global network of environmental artists. Creatd Partners made a strategic investment, acquiring a 10% equity stake in Untamed Photographer. Additionally, Untamed Photographer will sponsor Creatd's new Vocal community, 'Earth,' marking it as Vocal's first official community sponsor. A 'Capture the Wild' Challenge has also been launched, inviting creators to submit wildlife photography, with a $2,500 prize for the winner.
Creatd, Inc. (Nasdaq CM: CRTD) announced the launch of 'Earth,' its 37th creator community on Vocal, aimed at promoting discussions on environmental topics. This initiative stems from previous successful environmental Challenges, reflecting strong creator interest. The launch includes a 'Wave Makers' Challenge with a $2,500 cash prize and a donation to Waterkeeper Alliance, focusing on clean water initiatives. The new community caters to a growing audience and highlights Creatd's commitment to environmental issues, aligning with its mission to empower creators.
Creatd, Inc. (Nasdaq: CRTD) announced its 2020 financial results, reporting gross revenue of $1.42 million and net revenue tripling to over $1.21 million. The company's operating expenses reached $17.5 million, primarily due to non-recurring charges associated with its Nasdaq up-listing. Comprehensive loss totaled $24.2 million, while shareholder equity improved to $5.4 million. Creatd aims for net revenue of $5-7 million in 2021, bolstered by a 1650% subscriber growth in its Vocal+ program. The company projects Q1 gross revenue between $725,000-$775,000 and Q2 at approximately $1.2 million.
Creatd, Inc. (Nasdaq CM: CRTD) announced the launch of its 36th creator community, Confessions, on March 25, 2021. This community allows creators to share personal stories about secrets and embarrassing moments. The initiative aims to enhance user engagement on Vocal, the company's primary platform. Additionally, a (No) Regrets Challenge with a $5,000 prize was introduced to celebrate the launch. Company founder Justin Maury emphasized the importance of empowering creators and the dual commitment to product development and community building.
Creatd, Inc. (Nasdaq CM: CRTD) will host a webcast on March 31, 2021, at 11 a.m. EST to discuss its Q4 and full year 2020 financial results, which will be released prior to market opening. The session will include a review of financial metrics and new strategic technology initiatives for 2021, along with a Q&A session with management. Participants are encouraged to join early and may submit questions in advance. Details for registration are provided in the release.
Creatd, Inc. (Nasdaq CM: CRTD) announced the launch of Vocal's "Dream Date" Challenge in partnership with Bright Cellars, a wine subscription service. The challenge invites Vocal creators to submit fiction stories about first dates, creatively incorporating a glass of Merlot. Submissions are due by April 20, 2021, and will be judged based on creativity and storytelling quality. CEO Jeremy Frommer emphasized the success of direct-to-consumer brands using data to enhance user experience, while Bright Cellars aims to build a community of wine lovers through collaboration with Vocal.
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