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NEW BRUNSWICK, N.J. - Myseum, Inc. (NASDAQ:MYSE), whose stock has surged 118% over the past year to $2.82, plans to launch its new social media platform, Picture Party by Myseum, this fall, according to a shareholder letter released Wednesday by CEO Darin Myman.
The platform will feature proprietary encryption and privacy technology designed to prevent users’ photos and videos from being collected by artificial intelligence training datasets, addressing growing concerns about AI privacy issues in social media. The company, with a market capitalization of $11.87 million, maintains a strong liquidity position with a current ratio of 8.98, according to InvestingPro data.
Picture Party by Myseum will focus on enabling users to share photos and videos with friends, family and groups while maintaining privacy and security. The company has acquired the pictureparty.com domain to support its upcoming marketing efforts.
Myseum also announced plans for a subscription-based service called Pop-Up Gala, targeting formal occasions like weddings and graduations, using the same underlying technology as Picture Party.
To support the launch, the company has partnered with creative agency Spitball to lead branding and digital marketing efforts, and engaged Otter PR for public relations services.
"We believe our new social sharing platform solves many of the major problems and inconveniences of the current social media ecosystem," Myman stated in the letter.
The company, which changed its name from DatChat Inc., currently holds 17 issued patents and one notice of allowance, with several other patent applications pending.
Myseum’s existing platform offers 50GB of free storage with additional capacity available for $29.95 per 50GB. The company expects to begin generating revenue from the new platform through subscriptions, in-app purchases and advertising.
The information was shared in a company press release statement.
In other recent news, DatChat, Inc. has announced a rebranding to Myseum, Inc., with its common stock and Series A warrants set to trade under the new symbols "MYSE" and "MYSEW" on Nasdaq starting August 11, 2025. This rebranding aligns with the company’s strategic focus on its Myseum social media platform, which was launched in March 2025. The platform offers secure digital content management and storage for families, groups, and individuals. Additionally, DatChat has secured a Canadian patent for its "Systems And Methods Of Transforming Electronic Content," enhancing its intellectual property portfolio. This patent joins the company’s existing collection of 17 issued patents, a notice of allowance, and several international patent applications. The same invention has already been patented in the United States and received notices of allowance from Mexican and European patent offices. These developments mark significant steps in DatChat’s growth and strategic direction.
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