By Chris Wack
DatChat Inc. shares were up 46% to $2.43 after the company said it will launch the VenV metaverse advertising and NFT monetization platform.
The social media company said it also opened presale registration for its new VenV Dynamic Content NFT on the VenV .io website
VenV is DatChat’s advertising platform, which allows metaverse landowners and brands to connect using DatChat’s proprietary patented and patent pending technology. The platform provides metaverse landowners an easy and consolidated way to monetize their holdings by opting into paid ad campaigns that advertisers offer them.
Initially, campaigns will consist of video or static ads but anticipate expanding the type of media formats supported to include 3D images, virtual product placements and wearables later in 2022. Users can begin minting on April 26 on the VenV website using either a crypto wallet or credit card.
Write to Chris Wack at chris.wack@wsj.com
(END) Dow Jones Newswires
March 28, 2022 10:00 ET (14:00 GMT)
Copyright (c) 2022 Dow Jones & Company, Inc.
Read More: DatChat Shares Rise 46% on Launch of Advertising, NFT Platform