{"id":416958,"date":"2021-01-19T09:38:22","date_gmt":"2021-01-19T14:38:22","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=416958"},"modified":"2021-01-19T09:38:22","modified_gmt":"2021-01-19T14:38:22","slug":"creatd-releases-new-updates-on-vocal-to-enhance-user-engagement-and-support-significant-platform-subscription-growth","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/creatd-releases-new-updates-on-vocal-to-enhance-user-engagement-and-support-significant-platform-subscription-growth\/","title":{"rendered":"Creatd Releases New Updates on Vocal to Enhance User Engagement and Support Significant Platform Subscription Growth"},"content":{"rendered":"
\n

– Enhanced design and functionality updates increase creator discoverability and enrich user experience<\/h2>\n

– Platform updates expected to drive continuing growth in conversions from freemium creators to premium Vocal+ subscribers<\/h2>\n

PR Newswire<\/p>\n<\/p><\/div>\n

\n

\n FORT LEE, N.J.<\/span>, Jan. 19, 2021<\/span> \/PRNewswire\/ —\u00a0Creatd, Inc. (Nasdaq CM: CRTD, CRTDW) (“Creatd” or the “Company”), the parent company of Vocal, a technology platform for creators, today announced the release of the first of a series of strategic 2021 updates to its platform technology. The first of these updates, which the Company unveiled last week, includes a more intuitive user experience for Vocal’s creators and audiences. Additionally, new community-specific metrics highlight the health, safety, and user volume of both the creators and communities throughout the platform.<\/p>\n

\n

\n
\n \"\"
\n <\/a>\n <\/p>\n<\/p><\/div>\n

Creatd Founder, President, and Head of Product, Justin Maury<\/span>, commented, “These updates, the first of many on our 2021 product roadmap, are focused on improving the way we champion and curate quality stories from Vocal’s creator community. They also lay the foundation for exponential conversion growth across the platform.” Maury’s full remarks are available in his published Vocal story: https:\/\/vocal.media\/resources\/introducing-a-new-look-for-vocal<\/a><\/u><\/p>\n

The combined effect of these initial updates is expected to help accelerate Vocal’s continuing growth across both its freemium and premium membership tiers, with a focus on increasing the rate of conversions from Vocal’s free offering to its paid subscription offering, Vocal+. There are currently over 850,000 creators on the freemium tier, with an average of more than 1,200 new freemium creators joining daily. <\/p>\n

Last month, the Company announced that Vocal+ crossed 10,000 paid subscribers, representing a 117% increase since the start of that quarter. Beginning with 1,000 paying Vocal+ subscribers in early 2020, the premium tier grew 900% throughout that fiscal year. The number of paid Vocal+ subscribers is projected to more than double to over 20,000 in the first quarter of fiscal year 2021. Additionally, the current rate of conversion is expected to increase throughout the year, and generate an estimated $1 million<\/span> in monthly recurring revenue, from a total of 100,000 paid Vocal+ subscribers, by year-end.<\/p>\n

\n
\n About Creatd<\/u>
\n <\/b>\n <\/p>\n

Creatd, Inc. (Nasdaq CM: CRTD, CRTDW) empowers creators, brands, and entrepreneurs through technology and partnership. Its flagship technology, Vocal, is a best-in-class creator platform. For more information:<\/p>\n

\n Creatd: <\/b>
\n
\n https:\/\/creatd.com<\/a>
\n <\/b>
\n ;<\/b>\n <\/p>\n

\n Creatd IR: <\/b>
\n
\n https:\/\/investors.creatd.com<\/a>
\n <\/b>
\n ;<\/b>\n <\/p>\n

\n Vocal Platform: <\/b>
\n
\n https:\/\/vocal.media<\/a>
\n <\/b>
\n ;<\/b>\n <\/p>\n

\n Investor Relations Contact: <\/b>
\n
\n
\n ir@creatd.com<\/a>
\n <\/u>
\n <\/b>\n <\/p>\n

\n Forward-Looking Statements<\/u>\n <\/p>\n

Any statements that are not historical facts and that express, or involve discussions as to, expectations, beliefs, plans, objectives, assumptions or future events or performance (often, but not always, indicated through the use of words or phrases such as “will likely result,” “are expected to,” “will continue,” “is anticipated,” “estimated,” “intends,” “plans,” “believes” and “projects”) may be forward-looking and may involve estimates and uncertainties which could cause actual results to differ materially from those expressed in the forward-looking statements. We caution that the factors described herein could cause actual results to differ materially from those expressed in any forward-looking statements we make and that investors should not place undue reliance on any such forward-looking statements. Further, any forward-looking statement speaks only as of the date on which such statement is made, and we undertake no obligation to update any forward-looking statement to reflect events or circumstances after the date on which such statement is made or to reflect the occurrence of anticipated or unanticipated events or circumstances. New factors emerge from time to time, and it is not possible for us to predict all of such factors. Further, we cannot assess the impact of each such factor on our results of operations or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements. This press release is qualified in its entirety by the cautionary statements and risk factor disclosure contained in our Securities and Exchange Commission filings.<\/p>\n

\u00a0<\/p>\n

\n

\n
\n \"(PRNewsfoto\/Creatd,
\n <\/a>\n <\/p>\n<\/p><\/div>\n

\n \"Cision\" View original content to download multimedia:http:\/\/www.prnewswire.com\/news-releases\/creatd-releases-new-updates-on-vocal-to-enhance-user-engagement-and-support-significant-platform-subscription-growth-301210621.html<\/a><\/p>\n

SOURCE Creatd, Inc.<\/p>\n<\/p><\/div>\n

\"\"<\/p>\n","protected":false},"excerpt":{"rendered":"

– Enhanced design and functionality updates increase creator discoverability and enrich user experience – Platform updates expected to drive continuing growth in conversions from freemium creators to premium Vocal+ subscribers PR Newswire FORT LEE, N.J., Jan. 19, 2021 \/PRNewswire\/ —\u00a0Creatd, Inc. (Nasdaq CM: CRTD, CRTDW) (“Creatd” or the “Company”), the parent company of Vocal, a technology platform for creators, today announced the release of the first of a series of strategic 2021 updates to its platform technology. The first of these updates, which the Company unveiled last week, includes a more intuitive user experience for Vocal’s creators and audiences. Additionally, new community-specific metrics highlight the health, safety, and user volume of both the creators and communities throughout the platform. Creatd … <\/p>\n

Continue reading “Creatd Releases New Updates on Vocal to Enhance User Engagement and Support Significant Platform Subscription Growth”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-416958","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nCreatd Releases New Updates on Vocal to Enhance User Engagement and Support Significant Platform Subscription Growth - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/creatd-releases-new-updates-on-vocal-to-enhance-user-engagement-and-support-significant-platform-subscription-growth\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Creatd Releases New Updates on Vocal to Enhance User Engagement and Support Significant Platform Subscription Growth - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"– Enhanced design and functionality updates increase creator discoverability and enrich user experience – Platform updates expected to drive continuing growth in conversions from freemium creators to premium Vocal+ subscribers PR Newswire FORT LEE, N.J., Jan. 19, 2021 \/PRNewswire\/ —\u00a0Creatd, Inc. (Nasdaq CM: CRTD, CRTDW) (“Creatd” or the “Company”), the parent company of Vocal, a technology platform for creators, today announced the release of the first of a series of strategic 2021 updates to its platform technology. The first of these updates, which the Company unveiled last week, includes a more intuitive user experience for Vocal’s creators and audiences. Additionally, new community-specific metrics highlight the health, safety, and user volume of both the creators and communities throughout the platform. 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