FORT LEE, N.J., May 24, 2021 /PRNewswire/ -- Creatd, Inc.
(Nasdaq CM: CRTD) ("Creatd" or the "Company"), today 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."
About Creatd
Creatd, Inc. (Nasdaq CM: CRTD) is a creator-first technology
company and the parent company of the Vocal platform. Our mission
is to empower creators, entrepreneurs, and brands through
technology and partnership. We accomplish this through Creatd's
three main business pillars: Vocal Ventures, Creatd Partners and
Recreatd.
For news and updates, subscribe to Creatd's newsletter:
https://creatd.com/newsletter
Investor Relations Contact: ir@creatd.com
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SOURCE Creatd, Inc.