DatChat announces a new US patent for its Myseum platform, enhancing secure digital media sharing and legacy creation.
Quiver AI Summary
DatChat, Inc. has announced the granting of a new US patent (No. 12,166,889) that supports its upcoming Myseum platform, set to launch in the first quarter of 2025. The Myseum platform aims to provide a secure and permanent way for users to store and share digital media, enabling the creation of a digital legacy that can be passed down through generations. With the addition of this patent, DatChat's intellectual property portfolio grows to 14 patents, underscoring the company's mission to develop a secure social media ecosystem. The company offers various privacy features through its DatChat Messenger and social network that allow users to control the lifespan of their messages, prevent screenshots, and manage shared content securely. The press release also includes a disclaimer about forward-looking statements, highlighting the uncertainty and risks involved in future projections.
Potential Positives
- DatChat has been granted a new US Patent supporting its Myseum platform, which enhances the company's intellectual property portfolio to a total of 14 patents.
- The upcoming launch of the Myseum platform in Q1 2025 demonstrates DatChat's commitment to innovation in the secure digital media space.
- Myseum allows users to create a digital legacy, highlighting DatChat's focus on privacy, security, and permanence in social media content sharing.
- The new patent and platform align with DatChat's mission to establish a secure, multi-tiered social media ecosystem, potentially attracting new users concerned with privacy.
Potential Negatives
- The announcement of a new patent and upcoming platform launch may indicate a reliance on unproven technology and could heighten investor skepticism regarding the company's ability to deliver on future promises.
- The use of extensive forward-looking statements may signify uncertainty in the company's future performance and could lead to disappointment if outcomes do not meet expectations.
- By disclosing that actual results could be materially different than expectations, the company may raise red flags for potential investors about the stability and reliability of its business model.
FAQ
What is DatChat's new patent about?
DatChat's new US Patent (No. 12,166,889) supports its Myseum platform for securely storing and sharing digital media content.
When is the Myseum platform launching?
The Myseum platform is scheduled to launch in Q1 2025.
How does DatChat enhance user privacy?
DatChat provides control over message visibility duration and prevents screenshots, ensuring user privacy during communication.
What features does the DatChat Messenger offer?
The DatChat Messenger allows users to set message lifespan, delete messages, and send encrypted content securely.
What is the purpose of Myseum?
Myseum allows users to create a digital legacy, securely sharing media today and with future generations.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$DATS Hedge Fund Activity
We have seen 6 institutional investors add shares of $DATS stock to their portfolio, and 8 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- TWO SIGMA INVESTMENTS, LP added 39,239 shares (+inf%) to their portfolio in Q3 2024
- CITADEL ADVISORS LLC added 20,696 shares (+inf%) to their portfolio in Q3 2024
- TWO SIGMA ADVISERS, LP added 20,100 shares (+inf%) to their portfolio in Q3 2024
- HRT FINANCIAL LP removed 15,141 shares (-100.0%) from their portfolio in Q2 2024
- UBS GROUP AG added 10,382 shares (+inf%) to their portfolio in Q3 2024
- HIGHTOWER ADVISORS, LLC removed 3,000 shares (-11.8%) from their portfolio in Q3 2024
- TOWER RESEARCH CAPITAL LLC (TRC) removed 2,863 shares (-44.6%) from their portfolio in Q3 2024
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
Full Release
New Brunswick, NJ, Dec. 10, 2024 (GLOBE NEWSWIRE) -- DatChat, Inc (Nasdaq: DATS), a secure messaging and social media company, today announced that it has been granted a new US Patent (No. 12,166,889) supporting its Myseum platform, scheduled to launch in Q1 2025.
Myseum is DatChat's social media platform designed for storing and sharing digital media content securely and permanently. It allows users to create a digital legacy that can be easily shared both today and future generations.
The new patent will expand DatChat's IP and portfolio to 14, advancing the Company's mission to creating a secure, multi-tiered social media ecosystem to users allowing them to securely share and store digital content, including messages, photos, videos, and documents, while maintaining privacy and security.
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. The DatChat Messenger & Private Social Network 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. DatChat's patented technology offers users a traditional texting experience while providing control and security for their messages. With the DatChat Messenger, a user can decide how long their messages last on a recipient's device, while feeling secure that at any time, they can delete individual messages or entire message threads, making it like the conversation never happened.
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.
Contact
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