DatChat expands its capabilities with the acquisition of an AI-driven media organization tool, set to redefine digital legacy management

DatChat, Inc., a secure messaging, metaverse, and social media company, has announced its acquisition of a proprietary AI tool designed for media library organization. This strategic move is aimed at bolstering DatChat’s Myseum platform, which focuses on secure and user-friendly digital legacy solutions.

• Acquisition Overview

  • DatChat enters into an asset purchase agreement to acquire the AI tool.
  • The tool integrates with leading AI models like Gemini, OpenAI, and Claude.

• AI Tool Features

  • Designed to manage media libraries by intelligently tagging and renaming images and media files.
  • Capable of handling both mass and individual file management.

• Integration with Myseum

  • The AI tool will be integrated into Myseum, set for release in Fall 2024.
  • Enhances Myseum’s capabilities for creating a multi-tiered social media ecosystem.
  • Enables users to organize and curate their digital content securely within a family network.

• Statements from Leadership

  • Darin Myman, CEO of DatChat: Emphasizes the acquisition as a significant step toward managing digital legacies and using AI for preserving ancestral history.
  • Highlights the growing need for innovative solutions to handle increasing personal media generation.

• Financial Details

  • Acquisition was completed on August 27, 2024, for 8,000,000 restricted shares of Dragon Interact, Inc., a majority-owned subsidiary of DatChat.

The acquisition of this AI tool represents a major advancement for DatChat’s Myseum platform, offering users enhanced capabilities for organizing and sharing their digital collections. This move underscores DatChat’s commitment to expanding its technological offerings and improving digital legacy management solutions.