Datchat Inc Stock Price, News & Analysis

DatChat's subsidiary Dragon Interact has acquired RPM Interactive in a share exchange transaction involving 3.5 million shares of common stock. The deal includes 100% ownership and all intellectual property of RPM Interactive, a publisher of AI-generated gaming and podcasting apps. Dragon Interact will rebrand as RPM Interactive, with industry veteran Michael Mathews appointed as Chairman. Mathews brings extensive experience from leadership roles at Aspen Group and Interclick. The acquisition aims to leverage RPM's AI technology to transform trivia gaming, online entertainment, and podcasting industries, focusing on creating personalized content for niche audiences.

DatChat, Inc. (NASDAQ: DATS) has received a Notice of Allowance for U.S Patent Application No. 17/716,185 for Blockchain-Based Communication Systems and Methods. This patent is important for the company's Myseum platform, a digital social media legacy ecosystem where users can curate and preserve their digital content.

The patent covers a proprietary method of using blockchain technology to create a secure, private way for users to share and store digital content such as messages, photos, videos, and documents. CEO Darin Myman emphasized that this patent is a critical step in building the foundation for the Myseum platform, enabling users to share their digital media now and create a digital legacy for future generations.

DatChat, Inc. (NASDAQ: DATS) has announced the acquisition of an AI-driven media organization tool to enhance its Myseum platform. The proprietary software, compatible with leading AI models like Gemini, OpenAI, and Claude, will be integrated into Myseum, set for release in Fall 2024. This strategic addition aims to redefine digital legacy management by allowing users to create a multi-tiered social media ecosystem within a secured family network for storage and sharing.

The AI tool specializes in managing media libraries through intelligent tagging and renaming of images and media files. DatChat acquired the source code and complete rights to this technology through an asset purchase agreement on August 27, 2024, in exchange for 8,000,000 restricted shares of Dragon Interact, Inc., a majority-owned subsidiary of DatChat. This acquisition aligns with DatChat's mission to help users manage their digital legacies and use AI to bring ancestral history to life.

DatChat (Nasdaq: DATS) will participate in the EF Hutton Annual Global Conference on May 15th, 2024, in New York City. The company plans to introduce the Myseum Media Archiving & Social Networking Platform at the event. DatChat CEO, Darin Myman, expressed excitement about engaging with industry leaders and showcasing new initiatives like HabyPets interactive virtual world. The company also announced the release of its AI Dog Racing to enhance monetization on the Habytat platform.