Meet DatChat: Fly exclusive interview with CEO Darin Myman

In an exclusive interview with The Fly, DatChat’s (DATS) CEO Darin Myman talked about the company, key products, the industry and much more.

PRIVACY, SECURE COMMUNICATION: DatChat is a blockchain, cybersecurity and social media company that focuses on privacy protection and secure communication. In line with businesses such as Sekur Private Data, DatChat’s primary objective is to safeguard user privacy on their devices and ensure continued protection of their information once shared. “We’re a technology company that specializes in creating private messaging and social media, but that is also now building a very fast growing metaverse that, everyone they could participate that makes it very easy to,” CEO Darin Myman explained to The Fly.

KEY PRODUCTS: A key product in the company’s portfolio is DatChat Messenger, a mobile messaging app with a stern emphasis on privacy and security. Utilizing high-level encryption technology, the app guarantees the secure transmission of user messages, thereby establishing a communication platform where privacy is paramount.

“DatChat Messenger it’s also a social media platform with social networking that allows you to communicate privately and securely, but most importantly, control your information after it’s been sent. One of our key features that no one else seems to have — besides being encrypted — is that it has screenshot protection. It’s very difficult to take a screenshot of any messages or media sent through the chat. Same with phone calls that you can make,” the executive explained.

Datchat also has another unique offering, Habytat, an engaging metaverse creation from the enterprise. As per the firm’s September reports, the active user count has surpassed the 100,000 mark. The user community is expanding at a consistent pace, with an influx of about 1,200 to 2,500 fresh members on a daily basis.

“Habytat is an open world metaverse. We set out to do some things and solve the big problems with the metaverse, with Habytat that I think we did. First, we made Habytat near photo realistic, and we created lots of things to do in it. I guess people weren’t adopting the meta because it was also expensive. Everyone heard you had to buy Metaverse property. You bought an NFT. That was your land. That was very expensive to do. So, we give everyone a piece of Metaverse property, a house, which is the key to this new social me. And there’s a lot to do. We have art galleries, we have parks, we have pets,” Myman added.

SOCIAL MEDIA WORLD: Social media has long become a part of daily life. With society now living almost 24/7 online, there has also been an increase in the number of cyberattacks, which has brought cybersecurity into the spotlight. DatChat operates in both of these spaces. “We’re 24/7 online. And the core of DatChat is that everything’s encrypted and only you and the people you want to see it can see it. So, even if there was a breach of your private security of, let’s say, your phone, no one else would be able to view what you’ve been sharing, except for your group or individuals that you shared it with. And I think that’s very important because one of the things that we’re forgetting is that data lasts forever, our information lasts forever. And we need to be able to control how long that should last, whether have something last for a day or last for all eternity and be part of your legacy,” DatChat CEO explained.

COMPETITIVE FIELD: Discussing DatChat’s potential competition, Myman told The Fly that, “if you look at the size of the messaging market and social media market – which Habytat operates in as a marketplace -, I could see hundreds of millions of users, especially with our unique offerings and based on our patented technology. What we’re trying to do to gain market share is to offer new ways to protect your privacy and share ideas and interact with people in a secure setting. Facebook (META) or Google (GOOGL) or Microsoft (MSFT) have the habit of seeing everything you do. And we think that by creating a private and secure social media platform, it will give us a significant competitive advantage to grow very quickly, especially in the upcoming year or so.”

UNFOUND GEM: “I think we’re an unfound gem, kind of something that’s ready to be polished,” DatChat CEO Myman told The Fly. “We’re in the process of doing that and we believe 2024 is going to be a big year for us, with our technology really coming together to reshape the future of how we communicate.”

“Meet the Company” is The Fly’s recurring series of exclusive short interviews with Executive Officers to offer a deeper look inside the company.