How Far Will It Go? Creatd Inc (NASDAQ:CRTD)

Creatd Inc (NASDAQ:CRTD) is moving up slightly higher in pre-market trading.

Market Action

As of 7:13, CRTD is trading at $3.47 up 0.60%. So far more than 550 shares have exchanged hands.

CRTD Released News Late Monday

Creatd’s Vocal Platform Surpasses 1 Million Creators

  • announced that its flagship platform, Vocal, has reached 1 million creators ahead of schedule. The announcement comes just one week after the Company announced that it achieved a new record of over 25,000 premium subscribers and reaffirmed its projection of reaching over 100,000 Vocal+ subscribers by year-end 2021.
  • To support its freemium and premium subscriber growth, the Company intends to continue to invest across multiple areas of its business, including a series of product enhancements and infrastructure updates anticipated to be rolled out on Vocal this year.

Commenting on the Company’s latest milestone, Creatd CEO Jeremy Frommer said, “This 1 million creator milestone signifies Vocal’s flourishing creator community, but also has implications that extend far beyond that. There is a unique level of opportunity inherent in a ‘freemium to premium’ SaaS model like Vocal’s, and those effects become increasingly evident when a platform reaches a critical mass like ours did today. Having now surpassed the 1 million creator mark, we expect this milestone will yield an increase in the pace of conversions to the Vocal+ premium tier going forward.”

Moving Averages

+/- EMA(20)3.26 (+5.83%)
+/- SMA(50)4.05 (-14.81%)
+/- SMA(200)4.35 (-20.69%)

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