Welcome to our dedicated page for Creatd news (Ticker: CRTD), a resource for investors and traders seeking the latest updates and insights on Creatd stock.
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) 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.
Creatd, Inc. (Nasdaq CM: CRTD) announced that its premium membership program, Vocal+, has surpassed 20,000 subscribers, with current numbers exceeding 23,200 subscribers. The company plans to publicly display the total number of Vocal+ subscribers on its platform. CEO Jeremy Frommer expressed confidence in reaching the goal of 100,000 paying subscribers by year-end. With more than 900,000 freemium Vocal creators, the company positions itself as a leading platform for creators.
Creatd, Inc. (Nasdaq CM: CRTD) has launched its 35th community, FYI, dedicated to trivia and obscure knowledge. The community allows creators to share interesting stories, such as those focusing on lesser-known facts. In celebration, the Company is hosting the (Un) Common Knowledge Challenge, which offers a $2,500 prize for the best submission by March 23, 2021. Creatd emphasizes data-driven decisions to expand its platform and enhance creator engagement, ensuring a sustainable and interactive experience for users.
Creatd, Inc. (Nasdaq CM: CRTD) announced a partnership with Decider.com to launch the "If This, Then That" Vocal Challenge. This initiative invites creators to submit recommendations for streaming content, enhancing engagement with audiences. Decider aims to help viewers discover top shows and movies. The challenge offers substantial cash prizes: $10,000 for first place, $2,500 for second, and $1,000 for third. The challenge is open for submissions until March 30, 2021. This collaboration exemplifies Creatd's ongoing commitment to community engagement through innovative platforms.
Creatd, Inc. (Nasdaq CM: CRTD) announced the launch of Creator Bonuses for its Vocal platform, enhancing monetization options for creators. With this feature, creators can receive direct financial rewards for achieving milestones, supporting the community, or winning challenges. This initiative aims to increase total earnings for nearly 900,000 freemium and premium creators on Vocal while showcasing the company’s commitment to creator engagement. Additional features and new Vocal communities are also in development for 2021.
Creatd, Inc. (Nasdaq: CRTD) announced the launch of Creator Bonuses on its Vocal platform, enhancing earning opportunities for creators. This feature adds direct monetary rewards to creators' Wallets for milestones such as 'Reads' achievements, Challenge wins, and community support. The initiative aims to incentivize creative contributions and strengthen creator loyalty, reflecting Creatd's commitment to its community. Eligibility extends to all users, including 900,000 freemium creators. Upcoming updates will also introduce new Vocal communities to attract a broader audience.
Creatd, Inc. (Nasdaq CM: CRTD) announced that its strategic partner, Plant Camp, LLC, has commenced the fulfillment phase for its nutritious macaroni and cheese product aimed at children. Pre-orders are shipping ahead of schedule, with expectations to sell out 16,000 initial units by April 2021. Creatd Partners acquired a 30% stake in Plant Camp for $175,000 in cash and stock, supported by a $2.3 million valuation. The company anticipates a 100% increase in demand quarter-over-quarter and is planning to expand distribution beyond direct-to-consumer by late 2021.
Creatd, Inc. (Nasdaq CM: CRTD) celebrates the first anniversary of its Challenges feature on the Vocal platform by launching two new contests, focusing on cash prizes for creators. These include the 'Mystery of Bitcoin', inviting fictional submissions on Bitcoin's origins, and the 'Hometown Feature', which prompts members to showcase their hometowns. CEO Jeremy Frommer highlights the importance of both brand-sponsored and internal challenges to foster creativity, with six active contests currently available for participation.
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