Spherix to acquire 100% ownership of DatChat, terms not disclosed
Spherix announced that it has entered into a definitive purchase agreement to acquire 100% ownership of DatChat. DatChat is a privately held personal privacy platform, focused on Encrypted Communication, Internet Security and Digital Rights Management. In addition to the acquisition of DatChat and the integration of the DatChat team, Spherix is further solidifying its holistic move into this sector by establishing "Ether Mining Company" as a subsidiary of Spherix. The purpose of the subsidiary is to mine the cryptocurrency "Ether." Ether is a type of crypto token that fuels the Ethereum blockchain network, upon which DatChat's distributed network is being built.