DatChat expands its capabilities with the acquisition of an AI-driven media organization tool, set to redefine digital legacy management New Brunswick, NJ, Aug.29, 2024 (GLOBE NEWSWIRE) -- DatChat, Inc.(NASDAQ: DATS), a secure messaging, metaverse, and social media company, announced today it has entered into an asset purchase agreement to acquire the source code and complete rights to an artificial intelligence (AI) tool designed for media library organization.
By integrating this AI technology into our Myseum platform, we will provide users with a robust solution for organizing and sharing their digital collections in a way that we believe is both safe and intuitive.” The acquisition was made pursuant to an asset purchase agreement on August 27, 2024, for total consideration of 8,000,000 restricted shares of Dragon Interact, Inc., a majority-owned subsidiary of DatChat.
This strategic investment demonstrates DatChat’s dedication to enhancing its core offerings and expanding its technological capabilities.About DatChat, Inc.DatChat, Inc.is a secure messaging, metaverse, and social media company that not only focuses on protecting privacy on personal devices, but also protects user information after it is shared with others.
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