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Creatd Announces Intention to Spin-off the OG Collection, Inc. onto Upstream as it Sells Out its Newly Dropped NFT Collection
Creatd Announces Intention to Spin-off the OG Collection, Inc. onto Upstream as it Sells Out its Newly Dropped NFT Collection.
About this update from Creatd Inc.
[{"type":"text","content":"\n\n\n\nCreatd Announces Intention to Spin-off the OG Collection, Inc. onto Upstream as it Sells Out its Newly Dropped NFT Collection\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\nCreatd Announces Intention to Spin-off the OG Collection, Inc. onto Upstream as it Sells Out its Newly Dropped NFT Collection\nPR Newswire\nNEW YORK, Dec. 16, 2022\n\n\n\nThe Company expects to have Creatd dually listed on Upstream in January of 2023. Followed quickly by filing for initial listing of its wholly-owned subsidiary, OG Collection, Inc., on Upstream, the blockchain-powered securities exchange, prior to its previously announced spin-out onto the OTC marketplace.Creatd's OG Collection has announced that it has sold over 900 of 1000 pieces from its most recent NFT drop in its first day of release, and expects the balance to be sold-out imminently.NEW YORK, Dec. 16, 2022 /PRNewswire/ -- Creatd, Inc. (OTCQB: CRTD) (\"Creatd\" or the \"Company\"), the parent company of the OG Collection, Inc. (\"OG Collection\"), today announced that its recently-dropped collection of non-fungible token (NFT) art has nearly sold out, generating its most successful Ethereum-based revenue opportunity since inception. The OG Collection maintains a 10% royalty on all future sales in the secondary market.\n\n \n \n \n \n \n \n\n \nThe new generative NFT drop featured 1,000 one-of-a-kind images from the OG archives, which was established to create new digital and physical art from rare materials from the collection and form an innovative avenue for NFT and fine art collectors alike.\nCommented Chairman and CEO, Jeremy Frommer, \"The combination of our proprietary technology and, even more importantly, our first-party data, gives us a unique edge for brands seeking partners to help them leverage the NFT space. We have not only a seasoned and scientific method for targeting ideal audiences for NFTs, but an ability to ideate new use-case scenarios for brands that do not rely on just the standalone value of an image. I can see a day where all creators on Vocal have the ability to monetize their content throu...