DatChat (DATS) Stock: Why The Price Skyrocketed Today

Mar 28th, 2022 13:11 EST
  • The stock price of DatChat Inc (NASDAQ: DATS) increased by over 80% during intraday trading today. This is why.

The stock price of DatChat Inc (NASDAQ: DATS) – a communications and social media company that gives users the ability to communicate, share, and post with privacy and screen capture protection – increased by over 80% during intraday trading today. Investors are responding positively to DatChat announcing it will launch the VenVūū metaverse advertising and NFT monetization platform. Plus DatChat also opened pre-sale registration for its new VenVūū Dynamic Content NFT on the website (venvuu.io).

VenVūū is known as an advertising platform that allows metaverse landowners and brands to connect using DatChat’s proprietary patented and patent-pending technology. And the platform provides metaverse landowners an easy and consolidated way to monetize their holdings by opting into paid ad campaigns that advertisers offer them. Brands are going to have the ability to run campaigns across the NFT advertising network that target the land parcels they want to reach, simultaneously across multiple metaverses.

The VenVūū Dynamic Content NFT enables metaverse parcel owners to link their parcels with the VenVūū protocol in a simple and easy manner. And parcel owners opt into campaigns that are being offered by advertisers, and advertisers can offer campaigns to landowners based on targeting criteria. Initially, campaigns are going to consist of video or static ads but anticipate expanding the type of media formats supported to include 3D images, virtual product placements, and wearables later in 2022. Users can start minting on April 26, 2022, at 1:00 p.m. EST on the VenVūū website using either a crypto wallet or credit card.

There are as many as 268,645 parcels in the “Big Four” metaverses worth billions of dollars, and over one million active NFT wallets.

KEY QUOTE:

“We believe this to be a landmark moment for the Metaverse, as it is the first simple solution allowing users to monetize their metaverse parcels while enabling brands a broad reach in the metaverse. Each VenVūū Dynamic NFT is a unique NFT like owning your own multi-media outlet that you own and control in ‘Your World’. Not only will this create unique opportunities for supporters of DatChat, but will also be a significant contributor to our Company’s ability to grow our top-line.”

— DatChat CEO Darin Myman

Disclaimer: This content is intended for informational purposes. Before making any investment, you should do your own analysis.

Link to Source

Leave a Comment

SOTD Membership

Register by Email

or
Already a member? Sign In