FORT LEE, N.J., May 26, 2021 /PRNewswire/ -- Creatd, Inc.
(Nasdaq CM: CRTD) ("Creatd" or the "Company") the parent company of
Vocal, today unveiled the Vocal Ambassador Program, introduced to
accelerate Vocal+ subscriptions, as well as provided guidance on
its upcoming product roadmap.
The Vocal Ambassador Program
The Vocal Ambassador
Program is Creatd's brand new initiative to enable creators to tap
into their respective audiences, spread the word about Vocal+
premium membership, and be compensated for their successful
conversions. Much like an affiliate program, participants of
Vocal's Ambassador Program receive a unique link and are rewarded
with direct payments to their Vocal Wallet whenever someone they
refer upgrades to a Vocal+ premium subscription. This unique
offering provides an opportunity for monetization by both creators
and their audience, in that anyone can become an ambassador. More
details regarding program eligibility and participation terms can
be found in the resource article published by the Vocal team.
Commenting on the Vocal Ambassador Program, Justin Maury, Creatd's President and Head of
Product said, "The new Ambassador Program gives creators yet
another path to be rewarded on Vocal and strengthens the value
proposition that Vocal provides as a home base for creators.
Historically, the introduction of referral programs has proven to
be immensely successful in helping companies reach critical mass,
acting as a catalyst driving widespread adoption for platforms like
Dropbox and Airbnb. We are thrilled to give our creators a similar
opportunity to be rewarded for participating in our collective
effort to grow the Vocal community."
2021 Product Roadmap
Following the rollout of
the Ambassador Program, the Company plans to introduce a series of
much-anticipated updates including 'Following,' 'Commenting,' and
'Quick Edit' features. Additionally, a new 'Support' feature will
allow Vocal+ creators to receive recurring income directly from
their fans through a monthly subscription structure. All of this
will help provide creators and audiences with even more and
enhanced ways to interact, engage, communicate, and be rewarded
on-platform. The announcement of Creatd's product roadmap comes
days after the Company achieved their latest milestone of 1 million
Vocal creators, and the release of these new features is expected
to further accelerate Vocal's expansion, drive platform activity,
and work in support of the Company's stated goal of reaching
100,000 premium Vocal+ subscribers by year-end 2021.
Describing the introduction of a recurring monthly patronage
feature, Creatd CEO Jeremy Frommer,
explained, "The upcoming 'Support' feature benefits creators by
enabling them to secure recurring income streams from fans, and
creates a strong incentive for them to continue creating content
their fans will love. At the same time, the feature presents a
strong upside for Creatd, in terms of revenue generated from
transaction fees."
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.