Company: MYSEW
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001013762-25-004290
Chunk: 2

Company: Myseum, Inc.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1
Chunk 2
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 of the our shareholders. As
discussed above, following our acquisition of RPM in October 2024, we ceased our development of the Habytat platform and are evaluating
ways to utilize the technology that had been developed by our subsidiary.

2

Competition

DatChat Messenger & Private Social Network

The current market for mobile messenger applications
is highly competitive, and we expect that it will remain competitive. There are currently several large companies that provide mobile
messenger applications and we expect several more competitors to enter into this market in the next few years. Well-established competitors
include Snapchat, WhatsApp, Facebook Messenger, Facebook, Telegram, MeWe, Confide and Apple iMessage. We believe that it is the range
of privacy and security features that we offer that sets us apart from our competitors.

Our flagship applications are the DatChat Privacy
Platform and Private Encrypted Social Network, which address the needs of consumers and businesses to communicate with increased levels
of privacy and control over messages and social posts, even after they are sent or shared.  

Observing that mobile messaging and social media
users are drawn to several different messaging platforms by specific capabilities, we set out to create the application to consolidate
popular messaging and social media features such as group chats, emoticons and video sharing, offer new and unique features such as being
able to “nuke” a conversation to remove all traces of it from all parties involved, and deliver increased levels of privacy
and security. As public concerns over privacy in an ever-expanding digital society grow, the application offers comfort to its users
with extensive control over their messages and posts, even after they are sent or shared. The application allows users to not only control
how long or how many times a message or post may be viewed by the recipient, but also allows the sender to erase the message or entire
conversation after it is sent. Our goal is to make the application a leader in the mobile secure messaging and social media market based
upon our proprietary technology and enhanced privacy and security features. We intend to roll out additional features including video
chat, attachments, unique social posts and other features to enhance the messaging and social media experience.

Myseum Social Media Platform

The current market for social media and photo
sharing applications is highly competitive, and we expect that it will remain competitive. There are currently several large companies
that provide social media applications, and we expect several more competitors to enter into this market in the next few years. Well established
competitors include Facebook,