DatChat, Inc. (NASDAQ: DATS) is engaged as a blockchain, cybersecurity and social media company, which focuses on protecting user privacy on private devices and innovative social media technology. Shares of the digital services company are jumping 40% through afternoon trading on Tuesday, January 18, 2022. Over the past three months, DatChat has seen average daily volume of 3.60 million shares. However, volume of 9.38 million shares or dollar volume of around $29.27 million, has already exchanged hands through late trading Tuesday.
Shares of DatChat are surging after the company announced it has begun development on a web 3.0 platform that will leverage the company’s technology to share and protect NFTs, private documents, audio and video files and messages. The platform will also serve as a decentralized advertising network for the metaverse and web 3.0 applications.
In conjunction with its new platform development, DatChat has named Mark Mathis as Chief Blockchain Architect for DatChat. Mr. Mathis will lead the company’s web 3.0 and metaverse efforts, as well as its development team. Aside from Mr. Mathis, the company has made additional senior developer hires centered around iOS, Android, blockchain, messaging, metaverse, and more.
“The construction and implementation of this innovative platform is a critical step in DatChat’s strategic growth plan,” said CEO Darin Myman. “By utilizing our proprietary technology, our platform will allow users to safeguard their data and digital assets in a completely decentralized environment.”
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