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This patent will allow the Company to own the rights to preserve data for future generations on its Myseum platform
New Brunswick, NJ, Sept. 12, 2024 (GLOBE NEWSWIRE) -- DatChat, Inc. (NASDAQ: DATS), a secure messaging and social media company, is pleased to announce that it has received a Notice of Allowance for U.S Patent Application No. 17/716,185 for Blockchain-Based Communication Systems and Methods.
This Notice of Allowance is indicative of the Company’s larger vision to advance its digital social media legacy ecosystem, the Myseum platform, where users can curate their digital content, ensuring that their most treasured memories are preserved and easily accessible. The patent now 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.
“This is a critical step in building the foundation for our Myseym platform,” said Darin Myman, Chief Executive Officer of DatChat, Inc. “This patent allows us to offer a secure, user-friendly platform for storing and sharing digital assets both now, and with future generations. While most of us have more pictures and videos on our smartphones than ever before, it is actually more difficult to share them in an organized and easily accessible way. Myseum is our new technology platform that enables users to share their digital media now and create a digital legacy that will be easily accessible to future generations of their family and associates.”
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.
Contactir@datchats.com800-658-8081
Aug 29 (Reuters) - DatChat Inc DATS.O:
DATCHAT ACQUIRES ADVANCED AI TOOL TO ENHANCE MYSEUM PLATFORM
Source text for Eikon: (Full Story)
Further company coverage: DATS.O
DatChat just reported results for the second quarter of 2024.
InvestorPlace Earnings is a project that leverages data from TradeSmith to automate coverage of quarterly earnings reports. InvestorPlace Earnings distills key takeaways including earnings per share and revenue, as well as how a company stacks up to analyst estimates. These articles are published without human intervention, allowing us to inform our readers of the latest figures as quickly as possible. To report any concerns or inaccuracies, please contact us at editor@investorplace.com.
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Shares of Match Group, Inc. rose sharply in today's pre-market trading.
Starboard Value has taken a keen interest in Match Group. The hedge fund has accumulated a stake of over 6.5% in the online dating company and is advocating for a potential sale if the company's performance does not improve, The Wall Street Journal reported on Monday, citing people familiar with the matter.
Match Group shares jumped 8% to $34.56 in pre-market trading.
Here are some other stocks moving in pre-market trading.
Gainers
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Now Read This: Top 5 Consumer Stocks That May Explode In Q3
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
In the event of a victory by former U.S. President Donald Trump in the upcoming election, three market sectors could experience a surge, according to a research note from Dubai-based financial advisory deVere.
What Happened: The report highlighted that energy, manufacturing, and bank stocks could benefit from a potential Trump win, Barron’s reported on Tuesday. This follows an attempted assassination of the former president on Saturday, which has led to an increased likelihood of his victory, as indicated by the political futures market PredictIt.
Nigel Green of deVere suggests that the Republican party’s anti-ESG stance could strengthen the energy sector, while the “America First” policies could boost manufacturing. Bank stocks are also expected to surge as the Trump administration is likely to reduce regulations.
“Trump’s potential return to the White House brings expectations of a hawkish trade policy, less regulation, looser climate change regulations, and the extension of corporate and personal tax cuts,” Green stated.
Previously, Wall Street investment bank Citi identified U.S. banks as potential beneficiaries of a second Trump presidency. Blue-chip stocks such as Goldman Sachs , Bank of America , and Morgan Stanley are set to report second-quarter earnings this week.
Why It Matters: The attempted assassination of Trump has led to an increase in his visibility and a rise in optimism around his chances of winning the election. This has resulted in a rally of Trump-related stocks, including the U.S. Dollar, Bitcoin , and Truth Social parent Trump Media & Technology .
Similarly, shares of DatChat, Inc. , known for its focus on privacy and end-to-end encryption services, have skyrocketed, as they have historically rallied alongside Trump-associated stocks.
Furthermore, the Bitcoin market has maintained its strong momentum following Trump's failed assassination attempt, with Bitcoin shooting past $64,000 for the first time in three weeks.
Read Next:
Image created using photos on Shutterstock
This story was generated using Benzinga Neuro and edited by Pooja Rajkumari
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Shares of DatChat, Inc. are skyrocketing on Monday possibly after the attempted assassination of former President Donald Trump over the weekend.
What To Know: DatChat, a company known for its focus on privacy and end-to-end encryption services, has historically rallied alongside stocks associated with Donald Trump. The attempted assassination of Trump during a rally for his 2024 presidential campaign has increased his visibility according to CNBC.
Over the weekend, Trump was shot in the ear during a rally but survived the attempt. This incident has led to speculation that his electoral prospects could be strengthened as a result. The market is responding to these political dynamics, with investors quickly moving to capitalize on the potential implications for stocks linked to Trump.
What Else: The news has triggered an influx of trading activity in DATS stock. As of this writing, more than 14.9 million shares have been traded, far exceeding the company’s daily average trading volume of about 158,000 shares.
DATS Price Action: DatChat shares were up by 54.8% at $1.61 at the time of writing, according to Benzinga Pro.
See Also:
Image via Shutterstock.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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