- Creatd to spin off its media library and NFT-related businesses
into separately traded OTCQB stock.
- Intellectual property and Web 3.0 assets have been appraised at
$7-10MM and are currently undergoing
an updated valuation by experts in the archival field.
NEW
YORK, Sept. 28, 2022 /PRNewswire/ -- Creatd,
Inc. (OTCQB: CRTD) ("Creatd" or the "Company"), the parent Company
of the OG Collection, Inc. today released its investor deck in
preparation for spinning off its media archive, intellectual
property, and other assets including its NFT library and Web 3.0
business division into a separately traded OTCQB stock.
The OG Collection features published and unpublished content
surrounding the landmark events and famed figures of the 20th
century, providing a unique view into the cultural zeitgeist then
and now. An Authentication and Appraisal of Artworks
(performed in 2016), focused on the value of the photographs and
artworks in the collection, attached a value of nearly $10MM.
The Company is undergoing an updated appraisal by experts in the
field in preparation of the Spinoff. A strong community of
enthusiasts, collectors, archivists, and others have nurtured the
OG Collection's intellectual and business value over the last eight
years. Having successfully conducted over 100 auctions, OG
Collection has amassed a powerful foundation of first-party data
which works to further elevate the value of the assets.
Commented Creatd CEO and Chairman Jeremy
Frommer, "The release of today's presentation, which will
also be filed as an 8-K, allows us to make progress on the
monetization of one of Creatd's most valuable assets. As part of
the company's overall reorientation, we are spinning off non-core
assets and intellectual property. Our business divisions are
well-positioned to be individually spun out due to their maturity
and Creatd's ability to maintain a service-level relationship with
them is similarly well-positioned. We have assembled a great team
to support the OG Collection and expect to extract additional value
from the strong underlying business components embedded in the
collection—including the development of Web 3.0 assets, NFT
collaborations, and media and production endeavors. This is a
company that should be worth fundamentally far more than just the
physical value of its components and we will continue to progress
the Company's strategic plan to navigate today's market
conditions."
Please find the OG investor deck here.
About Creatd
Creatd, Inc. (OTCQB: CRTD) is a company with a mission to
provide economic opportunities to creators and brands by
multiplying the impact of platforms, people, and technology.
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.