DatChat, Inc. (trading under the symbol MYSE) sells its communication software and platform to both individual users and businesses. The company primarily serves users of its applications and platform, rather than selling its core software product as a major B2B contract to specific companies.

Based on the company description, DatChat's customers fall into the following categories:

1. Privacy-Focused Individuals: These are individual users who download and utilize the "DatChat Messenger & Private Social Network" mobile application. They are primarily interested in the privacy and protection features offered, allowing them to communicate securely and control their digital interactions.
2. Businesses Seeking Secure Direct Communication: This category includes businesses that utilize DatChat's blockchain-based decentralized communications platform. These businesses leverage the platform to connect directly and securely with their customers, partners, or other businesses, valuing the decentralized nature and enhanced privacy for their communications.

Darin Myman, Chief Executive Officer (CEO)

Darin Myman has served as Chief Executive Officer and a director of the company since January 2016. He has a long history of executive management and founder experience from other public companies. Mr. Myman co-founded and served as CEO of Wally World Media, Inc., a public company. He also served as CEO and a board member of PeopleString from its inception. Additionally, he was a co-founder and Chief Executive Officer of BigString Corporation, a publicly traded company, since October 2005. Mr. Myman also co-founded and was CEO of LiveInsurance.com, the first online insurance broker to pioneer the electronic storefront for large national insurance agencies. He was previously Vice President of the online brokerage services unit of Westminster Securities Corporation. Mr. Myman has been a pioneer in messaging privacy since 2004.

Brett Blumberg, Chief Financial Officer (CFO)

Brett Blumberg is a Certified Public Accountant (CPA) and a partner at a public accounting firm. He provides the financial and accounting expertise necessary for a public entity.

Peter Shelus, Chief Technology Officer (CTO)

Peter Shelus is a co-founder of DatChat and has served as its Chief Technology Officer since January 2016. He is also the largest individual shareholder, owning 23.76% of the company. Mr. Shelus possesses over 10 years of experience in ephemeral messaging and mobile video development. He was a lead engineer for BigString, where he contributed to the development of patented technology that became a cornerstone of self-destructing messaging. Mr. Shelus graduated with honors from Rutgers University with a bachelor's degree in computer science.

Gabriel Daniels, Chief Information Officer (CIO)

Gabriel Daniels has been the Chief Information Officer since March 2021. Since May 2019, he has also served as the Co-Founder, President & CEO of NGD Cybersecurity and Customer Service Consultants LLC, a Minority-Woman Owned and Veteran Owned Business. This company provides high-level technical, cyber commissioning, customer service, and project management consulting services for companies within the DHS 16 critical infrastructure. From April 2018 to April 2019, Mr. Daniels was the Cybersecurity Program Manager at Chinook Systems, an engineering firm. Prior to that, he worked as a Senior Information Assurance Manager at Navstar Inc. from June 2017 to April 2018. Mr. Daniels is a 15-year U.S. Army and Navy veteran, having aided in the development of the Army's Strategic Cybersecurity and Cyber's Incident Handling Response Plans. He holds a master's degree in cybersecurity and a bachelor's degree in marketing from the University of Maryland University College.

Key Risks to Myseum (MYSE)

1. Liquidity and Funding Dependence: Myseum (formerly DatChat, Inc.) faces significant liquidity risk due to its substantial cash burn rate and negligible revenue. The company operates at a considerable net loss and is heavily reliant on external capital raises to fund its operations and strategic initiatives. For instance, as of the third quarter of 2025, the company had a nine-month cash burn of $3.5 million against approximately $4.8 million in cash on hand, indicating a limited cash runway.
2. Execution Risk from Strategic Pivot and Integration: In August 2025, DatChat rebranded to Myseum, Inc., signaling a major strategic shift towards social group media sharing and content preservation, along with integrating AI-powered technologies. This pivot introduces significant execution risk, as the company needs to successfully launch and gain market adoption for its new Myseum platform, and effectively integrate acquired AI and media platforms. The company's future hinges on the successful execution of this new vision.
3. Intense Competition and Market Adoption Challenges: Myseum operates in a highly competitive market against well-established social media and communication giants such as Apple, Meta, and Signal. Despite its focus on privacy and patented technology, Myseum faces the challenge of attracting and retaining a substantial user base to its new platform amidst strong competition and the need for continuous capital raises to fund operations.

• Aggressive enhancement and marketing of privacy features by dominant, well-established messaging applications (e.g., WhatsApp, Signal, Telegram). As these giants prioritize and extensively promote their privacy offerings, they could increasingly erode DatChat's core differentiator, making it challenging for a smaller player to attract users specifically seeking privacy and protection.
• The emergence and rapid scaling of a competing, superior, or more widely adopted blockchain-based decentralized communication platform. Given DatChat's focus on developing such a platform, a new entrant or existing competitor in the nascent decentralized communication space could leverage better technology, user experience, or a more robust ecosystem to quickly gain market dominance, making it difficult for DatChat's offering to gain traction.

Myseum (symbol: MYSE) is expected to drive future revenue growth over the next 2-3 years through several key initiatives:

1. Successful Adoption and Monetization of the Myseum Platform: The company officially rebranded to Myseum, Inc. in August 2025, shifting its primary strategic focus to the Myseum social media platform. This AI-powered ecosystem, launched in March 2025, is designed for secure, private digital content management and sharing for families and groups. Revenue growth is anticipated through the conversion of users from the free tier (offering 50 GB of storage) to paid premium tiers. New features like 'Picture Party by Myseum,' launched in October 2025, are also expected to contribute to this growth.

2. Strategic Expansion into AI-driven Content: Myseum is actively expanding its footprint in AI-driven content, including through its 34% ownership of RPM Interactive, aiming to tap into the interactive media market, such as podcasting and gaming. The integration of AI technology for content organization within the Myseum platform itself is also a significant driver.

3. Leveraging its Robust Intellectual Property Portfolio: The company possesses a strong portfolio of 18 issued patents related to its privacy and blockchain-based communication systems and technology. This intellectual property presents a potential source of future licensing revenue. Recent expansions in IP protection, including Canadian and European patent allowances in July and April 2025, respectively, covering 39 countries, further enhance this growth driver.

4. Growth in User Base and Platform Engagement: The successful market adoption of the Myseum platform is directly linked to an increased user base and an improved market perception of the company. Higher user engagement metrics are expected to lead to new advertising revenue streams and open additional monetization opportunities. The Habytat metaverse, which is part of the Myseum platform ecosystem, had already reached over 75,000 users by August 2025.

Share Issuance

• In January 2025, DatChat, Inc. completed a securities purchase agreement, selling 1,200,000 shares of common stock at $4.25 per share, which generated gross proceeds of approximately $5.1 million for working capital and general corporate purposes.
• The company has a shelf registration statement on Form S-3, declared effective in December 2022, allowing for the offering of unsold securities up to $18,100,009.80 until June 4, 2026.
• As of March 27, 2025, 750,000 shares of common stock were issued to Benchmark for future investor sales through a Sales Agreement, with an aggregate offering price potential of $6,000,000.

Inbound Investments

• DatChat, Inc.'s liquidity position as of September 30, 2025, was significantly boosted by a recent capital raise, which was the primary source of its cash and short-term investment buffer of approximately $4.8 million.

Outbound Investments

• In May 2022, DatChat completed the merger with Avila Security Corporation.
• As part of a strategic shift towards AI-powered technologies, DatChat acquired RPM Interactive, Inc. in August 2025, a transaction that involved the assumption of $5.4 million in liabilities.

Capital Expenditures

• As of the nine months ending September 30, 2025, Myseum reported minimal capital expenditures, with development costs being capitalized.