Creatd voice app tops 5,000 downloads before marketing strategy spend
- Since the release of the application on August 11, 2022there were a total of 4,000 downloads from iOS App storeand over 1,000 trials since the initial beta, for a total of over 5,000 app downloads without any marketing spend
- App development is ongoing, with updates every two weeks
- The company plans to launch the voice app for Android next month
NEW YORK, August 24, 2022 /PRNewswire/ — Creatd, Inc. (Nasdaq CM:CRTD) (“Creatd” or the “Company”), today provided an update to its voice app for iOS following its release on the Apple App Store. ‘Apple the August 11, 2022. Since its release, in beta and for the public, there have been over 5,000 downloads worldwide, supplemented by record marketing spend. Additionally, the app has an average rating of 4.8 stars, with users praising its features and user interface. The company does not plan to significantly increase its marketing spend until the app reaches organic critical mass. August saw the smallest marketing spend in seven quarters.
The first version of the app has already gone through a series of updates and the users of the app can expect new updates to come to the app every two weeks. Based on feedback from app users, future development cycles focus on updating the activity feed, building search functionality, and the ability to follow and subscribe to specific communities. .
Creatd Founder and Executive Chairman Jeremy Frommer commented, “Our team has been hard at work releasing our first Vocal app on iOS. A number of investors have asked us to provide an overview of adaptation. Since getting final approval from Apple on August 11, and with no capital expenditure for marketing, the app generated 5,000 downloads. We do not intend to increase marketing before the fourth quarter. We believe this organic rhythm is a good indicator of strong future adaptation. At the current rate, we expect to see 10,000 active app users by the end of the third quarter. I expect to see a rapid ramp-up in adaptation as we put the marketing dollars to work, but I’m very happy to see some pretty positive feedback from these early adaptors.”
Users can download Vocal app for iOS from Apple App Store, here.
Creatd, Inc. (Nasdaq CM: CRTD) is a company whose mission is to provide economic opportunity for creators and brands by multiplying the impact of platforms, people and technology. The Company has four main business segments, or “pillars”: Creatd Labs, Creatd Partners, Creatd Ventures and Creatd Studios. Each pillar is characterized by a distinct revenue model, while operating on a shared services structure and proprietary data collected from our multiple technology platforms. The pillars of Creatd work together to create a flying effect, supporting our core vision of creating a viable and secure ecosystem for all stakeholders in the creator economy.
IR created: https://investors.creatd.com;
Voice platform: https://vocal.media;
Contact with Investor Relations: [email protected]
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SOURCE Created, Inc.