DatChat Releases Details of Near Photo Realistic Habytat Metaverse, as Pre-Registration is Now Available
DatChat, Inc. (Nasdaq: DATS) has announced that its new metaverse project, Geniuz City, will be modeled after Miami. Pre-registration is now open for the initial 500,000 land grant recipients, who will receive NFT deeds upon active participation. This metaverse aims to grow and evolve based on user interaction and will utilize an advertising-based revenue model. The company emphasizes realism and user-friendly tools in this initiative. CEO Darin Myman encourages potential users to explore more through a newly released video presentation.
- Launch of Geniuz City, a metaverse modeled after Miami, potentially expanding user engagement.
- Pre-registration open for 500,000 initial land grant recipients, indicating strong early interest.
- Utilization of NFT for land ownership adds a modern blockchain element to the project.
- Dependence on user participation for growth could lead to revenue volatility.
- No specific financial metrics provided to assess potential revenue impact of Geniuz City.
Geniuz City to be based on the City of Miami
NEW BRUNSWICK, N.J., Sept. 14, 2022 (GLOBE NEWSWIRE) -- DatChat, Inc. ("DatChat" or the "Company") (Nasdaq: DATS), a secure messaging, metaverse, and social media company, through its SmarterVerse, Inc. subsidiary, today announced that Geniuz City, the first world of the Habytat will be based on the design and layout of a near photorealistic city of Miami, and its surrounding areas. Pre-registration is now open at SmarterVerse.com.
The initial phase of Geniuz City will be limited to an initial 500,000 land grant recipients. Design, renderings, and details of the new metaverse are available to be viewed on Habytat.io.
Recipients of Geniuz City land grants will receive a deeded NFT for their property after achieving a predetermined level of active participation. As recipients of land parcels interact with their property, the more it can continue to grow, improve, and evolve. Additionally, the Habytat metaverse will be based on an advertising-based revenue model and will offer rewards and additional incentives for active participants.
To learn more about the Habytat metaverse, please visit SmarterVerse.com to watch the newly released video presentation, join the pre-registration list and view details about Geniuz City.
“It is very important to us that our metaverse is as close to realistic as current technology provides and is easy to use while providing useful tools to enhance our daily lives,” said DatChat CEO Darin Myman. “This is why I am urging others to take the time to watch our new video presentation and view details about Geniuz City on SmarterVerse.com.”
About DatChat, Inc.
DatChat Inc. is a secure messaging, metaverse 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, Greg Robles
Gateway Group, Inc.
(949) 574-3860
DATS@gatewayir.com
Press contact:
Zach Kadletz
Gateway Group, Inc.
(949) 574-3860
DATS@gatewayir.com
FAQ
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