DatChat Acquires AI-driven Media Organization Tool to Enhance Myseum
August 27, 2024
DatChat, Inc. entered into an asset purchase agreement to acquire the source code and full rights to an AI-driven media library organization tool to be integrated into its Myseum digital legacy platform. The acquisition (agreement dated August 27, 2024) was paid via 8,000,000 restricted shares of Dragon Interact, Inc., a majority-owned subsidiary of DatChat, and is intended to enhance media tagging, renaming and organization capabilities ahead of Myseum's Fall 2024 release.
- Buyers
- DatChat, Inc., Dragon Interact, Inc.
- Targets
- Unnamed AI-driven media organization tool (source code)
- Industry
- AI & Machine Learning
- Transaction Type
- Buyout
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