Benzinga | Jan 18, 2022 08:21AM EST

DatChat Initiates Web 3.0 Platform Development For Protection Of NFTs And Encrypted Messaging

DatChat, Inc. ("DatChat" or the "Company") (NASDAQ:DATS), a communications and social media company that gives users the ability to communicate, share, and post with privacy and screenshot protection, today announced it has initiated the development of a new platform that will leverage DatChat technology to share and protect NFTs, documents, audio and video files and messages.

The platform development, which will also use DatChat technology as the foundation for a decentralized advertising network for Web 3.0 and Metaverse applications, will be led by Mark Mathis, Chief Blockchain Architect. Mr. Mathis will focus on leading the Company's Web 3.0 and Metaverse initiatives and growing the Web 3.0 development team. Additionally, DatChat expanded its development capabilities with the hiring of three Senior Developers encompassing iOS, Android, Blockchain, Messaging & Metaverse development experience.

"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."

The DatChat Social Network+ app is available as a free download for iOS and Android.