DatChat Announces Strategic Alliance with Yakushima Corp. for Metaverse Integration

Rhea-AI Summary

DatChat has announced a strategic alliance with Yakushima Corp. to integrate its VenVūū NFT monetization platform into the Yakushima.io metaverse. This collaboration aims to provide passive income opportunities for property owners through advertising, leveraging the hyper-realistic digital environment of Yakushima. The alliance also focuses on mutual cross-promotion of their platforms. DatChat's CEO highlighted the revenue potential for creators within the Solana ecosystem.

Positive

• Strategic alliance with Yakushima Corp. enhances DatChat's market presence.
• Integration of VenVūū platform could provide passive income for property owners.
• Collaboration aims for cross-promotion, potentially increasing user engagement and revenue.

Negative

• None.

DatChat to Integrate VenVūū NFT Monetization Platform into the Yakushima Corp. Metaverse Platform

NEW BRUNSWICK, N.J., April 29, 2022 (GLOBE NEWSWIRE) -- DatChat, Inc. ("DatChat" or the "Company") (Nasdaq: DATS), a blockchain-enabled cybersecurity, metaverse advertising platform and social media company, today announced that it has entered into a strategic alliance (“the Alliance”) with Yakushima Corp. to integrate its NFT monetization platform into the Yakushima.io metaverse. Yakushima Corp. is a Web3 platform specializing in non-fungible token architecture, immersive metaverse environments, play-to-earn tokenization and virtual asset royalty streams.

The Alliance establishes a working relationship between DatChat’s VenVūū platform and Yakushima Corp.’s metaverse. The primary objective of the Alliance is to integrate the VenVūū NFT monetization platform into Yakushima Corp.’s hyper realistic digital environment to offer passive income to property owners from ads. Additionally, both entities are expected to mutually benefit from the cross-promotion of each other’s platforms and products.

“We are excited to bring DatChat’s VenVūū monetization platform to the Yakuverse – which present revenue opportunities for creators connected across the whole Solana ecosystem,” said DatChat’s CEO, Darin Myman.

To learn more, visit VenVūū.io.

About DatChat, Inc.
DatChat Inc. is a blockchain-enabled cybersecurity, metaverse advertising platform and social media Company. DatChat’s Messenger & Private Social Network via application presents technology that allows users to change how long their messages can be viewed before or after users send them, prevents screenshots, and hides encrypted photos in plain sight on camera rolls. The Company’s patented technology offers users a traditional texting experience while providing control and security for their messages. The Company continues to innovate and implement strategic initiatives to increase the adoption of blockchain technology and advance its Social Network+ and Metaverse initiatives. For more information, please visit datchat.com. 

Forward-Looking Statements
Certain statements in this press release constitute "forward-looking statements" within the meaning of the federal securities laws. Words such as "may," "might," "will," "should," "believe," "expect," "anticipate," "estimate," "continue," "predict," "forecast," "project," "plan," "intend" or similar expressions, or statements regarding intent, belief, or current expectations, are forward-looking statements. While the Company believes these forward-looking statements are reasonable, undue reliance should not be placed on any such forward-looking statements, which are based on information available to us on the date of this release. These forward-looking statements are based upon current estimates and assumptions and are subject to various risks and uncertainties, including without limitation those set forth in the Company's filings with the SEC, not limited to Risk Factors relating to its business contained therein. Thus, actual results could be materially different. The Company expressly disclaims any obligation to update or alter statements whether as a result of new information, future events or otherwise, except as required by law.

Contacts:
Investor Relations contact:
Alex Thompson
Gateway Group, Inc.
(949) 574-3860
DATS@gatewayir.com

Press contact:
Zach Kadletz
Gateway Group, Inc.
(949) 574-3860
DATS@gatewayir.com

 

FAQ

What is the partnership between DatChat and Yakushima Corp. about?

DatChat's partnership with Yakushima Corp. focuses on integrating its VenVūū NFT monetization platform into the Yakushima.io metaverse to provide passive income opportunities for property owners.

How will the VenVūū platform benefit users in the Yakushima metaverse?

The VenVūū platform is expected to allow property owners in the Yakushima metaverse to earn passive income through advertisements.

What is the significance of the integration of DatChat's platform into Yakushima Corp.'s metaverse?

This integration aims to enhance user engagement and provide new revenue streams in the growing metaverse and NFT markets.

What technology does DatChat provide in its services?

DatChat offers blockchain-enabled cybersecurity features, along with its Messenger and Private Social Network that provide control over message visibility and security.