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StockNews.com
Business
Subhasree Kar

Is DatChat a Smart NFT Stock to Buy?

DatChat, Inc. (DATS) in New Brunswick, N.J., operates as a communication software company. It develops mobile messaging applications. It also develops a blockchain-based decentralized communications platform that allows consumers and businesses to connect directly with each other. The company’s flagship product is its DatChat Messenger & Private Social Network, a privacy platform and mobile application that allows users to communicate and share with privacy and protection. DATS began trading on the Nasdaq Capital Market on August 13, 2021.

The company is advancing quickly in the NFT space. DATS recently announced that it would launch a metaverse advertising and NFT monetization platform called VenVūū and has also opened pre-sale registration for its VenVūū Dynamic Content NFT on the VenVūū.io website. In addition, the company has entered a letter of intent to acquire Avila Security Corporation and its web 3.0 patent portfolio of blockchain messaging, blockchain digital rights management, secure audio and video streaming and self-sovereign id technology. “The proposed acquisition of the intellectual property will further position our significant competitive advantage that we believe will govern key aspects of the Web 3.0 and Metaverse infrastructure,” said DatChat CEO Darin Myman.

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