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Home Technology

DatChat (NASDAQ: DATS) Begins Developing Web 3.0 Platform to Protect NFTs and Encrypted Messaging

by admin
January 18, 2022
in Technology
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DatChat NASDAQ DATS Web 3 Metaverse Spotlight Growth

DatChat NASDAQ DATS Web 3 Metaverse Spotlight Growth

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.”

Disclosure: Neither Spotlight Growth nor its officers have any position or relationship with any companies mentioned in this article, but may choose to initiate a position at any time. No payment was made to create this article. This article should not be taken as a solicitation or recommendation to buy or sell any securities. Please conduct your own research and consult your financial advisor to determine your risk tolerance and investment path. We are not licensed brokers or investment advisors.

Tags: appsBitcoinblockchainblockchain stockscommon stockcryptoCryptocurrencycryptonewsDatChatDATSDATS stockday tradingdigital currencyemerging growthEthereuminvestinginvesting newsinvestmentmetaversemetaverse newsmetaverse stocksmicrocap stocksmobileNASDAQnewspublic companyRobinhoodrobinhood stockssalesservicessmall cap companiessmall cap stockssmall capssocial media stocksSpotlight GrowthSpotlight Growth Stocksstock marketstock market newsstocksstocks to watchtechTechnologytechnology stockstradingweb 3web 3 stocks
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