DatChat Signs LOI to Acquire Avila Security

Jan 20, 2022 By MarketDepth

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DatChat, Inc. (Nasdaq: DATS) today signed a Letter of Intent to acquire Avila Security Corporation.

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Shares of DatChat, Inc. (Nasdaq: DATS) gained over 14% during the premarket trading session.

“The proposed acquisition of the intellectual property will further position our significant competitive advantage that we believe will govern key aspects of the Web 3.0 and Metaverse infrastructure.”

DatChat CEO, Darin Myman

Via the transaction, the Company will also secure four issued patents and two pending applications, helping to expand DatChat’s intellectual property assets to include blockchain-based digital rights management and object sharing technology. Additionally.

“From this, we believe that we will be able to leverage new revenue opportunities from both the licensing and development of this technology. Notably, the blockchain-based digital rights management patents alone will give us the ability to develop a platform for users to easily license and manage NFTs, audio and video content, documents, subscriptions, messages, self-sovereign identity and much more. We believe that this acquisition will bolster our position as a significant player in Web 3.0 and Metaverse eCommerce, advertising and messaging.”

DatChat CEO, Darin Myman