- Orbit is the Company's second app and focuses on connecting the
stock market investor community
- The full distribution of the app is expected during the fourth
quarter, with plans to begin monetization of the app during the
second quarter of 2023
NEW
YORK, Sept. 27, 2022 /PRNewswire/ -- Creatd,
Inc. (Nasdaq CM: CRTD) ("Creatd" or the "Company"), the parent
company of Vocal, today announced the beta release of the social
stock trading app, Orbit, to the public. Creatd, inc. purchased a
majority stake in Orbit, LLC. this past Summer.
Despite significant marketing and financing headwinds, Creatd's
team has been able to complete development for the beta release of
the Orbit app. Creatd's combined technology and data resources give
Orbit a significant advantage with its outreach strategy and
broader distribution plans. Orbit aims to be one of the first
platforms to aggregate and centralize educational resources,
discussion boards, market alpha, and investors, with the mission to
break down the knowledge barriers to entry into the trading
community and empower retail investors. The Company expects to
release further updates to the social stock trading app as well as
full public access during the fourth quarter and plans to begin the
monetization of the app during the second quarter of 2023 with a
suite of premium features.
Commented Creatd's Executive Chairman and Co-founder
Jeremy Frommer, "The Company's
fundamentals, including its business portfolio structure, shared
resources model, cross-synergies, and access to audiences and data
continue to prove dependable and profitable, with potential
acquisition targeting operations continuing in the face of the
Company's recent delisting from the Nasdaq. Our progress with the
new Orbit app reaffirms my confidence in our business model and
portfolio's ability to sustain itself during these uncertain
times."
Please visit upinorbit.io to register for the beta release
waitlist.
About Creatd
Creatd, Inc. (Nasdaq CM: CRTD) is a company with a mission to
provide economic opportunities to creators and brands by
multiplying the impact of platforms, people, and technology. The
Company has four main business segments, or 'pillars': Creatd Labs,
Creatd Partners, Creatd Ventures, and Creatd Studios. Each pillar
is characterized by a distinct revenue model, while operating on a
shared-services structure and proprietary data collected from our
multiple technology platforms. Creatd's pillars work together to
create a flywheel effect, supporting our core vision of creating a
viable and safe ecosystem for all stakeholders in the creator
economy.
Creatd: https://creatd.com;
Creatd IR: https://investors.creatd.com;
Vocal Platform: https://vocal.media;
Investor Relations Contact: ir@creatd.com
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SOURCE Creatd, Inc.