NASDAQ: MYSE

The application also enables users to hide secret
and encrypted messages behind a cover, which messages can only be unlocked by the recipient and which are automatically destroyed after
a fixed number of views or fixed amount of time. Users can decide how long their messages last on the recipient’s device. The application
also includes a screenshot protection system, which makes it virtually impossible for the recipient to screenshot a message or picture
before it gets destroyed. In addition, users can delete entire conversations at any time, making it like the conversation never even happened.

In addition to the foregoing, the application
also provides users with the ability to connect via an encrypted live video chat that also is designed to prevent screenshots or screen
grabs. The application integrates with iMessage, making private messages potentially available to hundreds of millions of users.

Myseum Social Media Platform

In March 2025, we launched our Myseum social media
platform, an innovative social media platform that brings a fresh approach to digital media and content management, allowing users
to create a digital legacy that can be easily shared today and with future generations. Backed by proprietary software, the multi-tiered
social media ecosystem enables individuals, families, and other groups to store and share digital content such as messages, photos, videos,
and documents within a highly secure and private family library. Myseum allows users to create amazing albums and galleries for everyone
to see, create special private and secure galleries with limited access, personalize a user’s newsfeed with updates from other Myseums
and leave time released video messages for both now and future generations.

Picture Party Platform

In December 2025, we launched Picture Party
by Myseum, a new on demand social networking and social sharing platform designed to address growing concerns around content control,
security, and intentional digital connection. The platform was developed to capitalize on the widespread need for a more controlled and
purposeful way to share photos and videos-one that solves persistent privacy and ownership challenges not adequately addressed by existing
social media offerings. Picture Party by Myseum introduces a new way to make sharing photos, videos and messages easier, a lot more fun
and private. Picture Party is much more than a shared album; it’s a complete personal and private social network with a live feed that
updates instantly as all guests’ posts. A user can share a post with dozens of pictures, comment and react. It even organizes the photos
in an album, or the user can relive the Picture Party with all the comments and posts as they happened. Unlike group chats that are unorganized,
no matter when a user joins the Picture Party, they can see everything from the beginning. Picture Party makes it easier and more fun
to share with the people right next to the user, or anywhere in the world.

Picture Party solves everyday sharing frustrations
by eliminating the common headaches of modern photo sharing:

●No more passing around a phone for others to
view photos and videos.

●No more crowds gathering over a user’s
shoulder to see a clip.

●No more debating whether to text, drop, email,
or tag group photos.

●No more struggling with social media privacy,
data exposure, or AI training risks.

1

RPM Interactive, Inc.

In October 2024, our majority owned subsidiary,
Dragon Interact, Inc. (“Dragon”), entered into a Share Exchange Agreement with RPM Interactive, Inc., a Florida corporation
(“RPM”), pursuant to which Dragon acquired 100% of the equity interests of RPM, including all assets of RPM in consideration
for the issuance of 3,500,000 restricted shares of Dragon’s common stock. RPM’s assets included an artificial intelligence
(“AI”) tool used for publishing AI-generated consumer gaming and podcasting/vodcasting applications and certain intellectual
property. As part of the acquisition, Dragon has changed its corporate name to RPM Interactive, Inc. and shifted its focus to developing
AI-driven podcast and gaming technologies.

Following the acquisition, in January 2025,
we returned 3,500,000 shares of RPM’s common stock held by us to RPM, which shares were cancelled and are no longer
outstanding on RPM’s stock ledger. Following these transactions, we held 12,500,000 shares of the RPM’s common stock, or
approximately 34% of its outstanding shares. On December 12, 2025, RPM entered into an Agreement and Plan of Merger with Avalon
GloboCare Corp., a Delaware corporation (“Avalon”), and certain other parties, pursuant to which the Company sold its
minority interest in RPM to Avalon. Upon the closing of the transaction, the Company received 6,561.71 shares of Series E Preferred
Stock of Avalon as consideration. As a result of the closing, the Company no longer holds a controlling interest in and is no longer
the primary beneficiary of RPM, which was a variable interest entity, and as of December 12, 2025, has deconsolidated RPM. In
accordance with ASC 205-20, the results of operations and the assets and liabilities of RPM have been classified as discontinued
operations for all periods presented in the accompanying consolidated financial statements.

The Habytat

Prior to the acquisition of RPM, we had developed
and launched, in November 2022, the Habytat, a virtual space that blends real world and virtual realities into one, in real time, using
emerging technology like virtual and augmented reality, to create a highly immersive 3D environment. We had further contemplated spinning-off
our Habytat platform business into a new standalone public company pursuant to a distribution of shares to our shareholders. As discussed
above, following our acquisition of RPM in October 2024, we ceased our development of the Habytat platform.

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 and Picture Party by Myseum, which both 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 and Picture Party by 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, Instagram, Snapchat, TikTok, iCloud Shared Photo, Pinterest, Google Photos, Amazon Drive, Photobucket and
Shutterfly. We believe that it is the range of privacy, security and social networking features that we offer that sets us apart from
our competitors.

Our Myseum and Picture Party by Myseum applications
address the needs of both consumers and businesses by bringing a fresh approach to digital media and content management, allowing users
to create a digital legacy that can be easily shared today and with future generations. The innovative social media platform brings a
fresh approach to digital media and content management, allowing users to create a digital legacy that can be easily shared today and
with future generations. Backed by privacy technology and proprietary software, the multi-tiered social media ecosystem enables individuals,
families, and other groups to store and share digital content such as messages, photos, videos, and documents within a secure and private
media library. In addition, we are developing a blockchain-based, decentralized media storage and sharing platform that is being designed
to allow consumers and businesses to connect directly with each other. Recognizing that currently our media is more often stored in digital
form, it can make it harder to share both now and with future generations we set out to build the Myseum and Picture Party by Myseum Social
Media platform to solve this problem.

2

Software and Development

DatChat Messenger & Myseum Social Media
Platform

Our ability to compete depends in large part on
our continuous commitment to research and development, our ability to rapidly introduce new features and functionality and our ability
to improve proven applications for established markets in which we have competitive advantages. We intend to work closely with our customers
to continuously enhance the performance, functionality, usability, reliability and flexibility of the application.

Our software and development team is responsible
for the design enhancements, development, testing and certification of the application. In addition, we may, in the future, utilize third
parties for our automated testing, managed upgrades, software development and other technology services. We are also developing video
messages that can be distributed at a future time. We anticipate that the video messaging currently under development will allow users
to set a specific date to release a video message to their social network at a set time in the future. Additionally, we are developing
an instantly created media sharing space that can either be deleted, or shared and saved in the Myseum of everyone involved.

Marketing and Monetization

DatChat Messenger & Myseum Social Media
Platform

The applications are currently offered for free
on Apple’s App Store and Google Play. Initial marketing is expected to consist of public relations, “cost-per-install”
campaigns, social media marketing using the Facebook’s ad platform and other readily available advertising platforms.

We anticipate utilizing social influencers and
additional public relations strategies to promote the application on a global basis, which also includes making the application available
for use in other languages.

We also plan to add in-app purchases such as user
customization features, increased storage, AI media organizers and time released videos messages to monetize the application.

We anticipate monetizing the Myseum Platform
with a subscription-based service for small businesses. In the future, we may develop other mobile applications and services for consumers
once our user base reaches a level at which we deem it to be economically feasible. No assurance can be given that we will successfully
develop new or future applications that will be embraced by users or generate revenue.

Intellectual Property Portfolio

DatChat Messenger & Private Social Network
and Picture Party by Myseum

We strive to protect and enhance the proprietary
technology and inventions that are commercially important to our business, including seeking, maintaining and defending patent rights.
Our policy is to seek to protect our proprietary position through a combination of intellectual property rights in the United States,
including patents, trademarks, copyrights, trade secret laws and internal procedures. Our commercial success will depend in part on our
ability to protect our intellectual property and proprietary technologies.

As of March 28, 2026, we had 20 issued patents,
no notices of allowance and 1 filed patent applications in the United States relating to our encryption technologies, blockchain platform
and digital assets. Our issued patents will expire in 2036. In addition, we plan to continue expanding and strengthening our IP portfolio
with additional patent applications in the future. We may not be able to obtain protection for our intellectual property, and our existing
and future patents, trademarks, and other intellectual property rights may not provide us with competitive advantages or distinguish our
products and services from those of our competitors. Our pending patent application and future applications may not result in the issuance
of patents, and any resulting issued patents may have claims narrower than those in our patent applications. Additionally, our current
and future patents, trademarks, and other intellectual property rights may be contested, circumvented, or found unenforceable or invalid,
and we may not be able to prevent third parties from infringing them. Our internal controls may not always be effective at preventing
unauthorized parties from obtaining our intellectual property and proprietary technologies.

Other companies that own patents, copyrights,
trademarks, trade secrets, and other intellectual property rights related to the mobile, encryption, blockchain, communication, privacy,
internet, and other technology-related industries frequently enter into litigation based on allegations of infringement, misappropriation,
and other violations of intellectual property or other rights. Third parties, including our competitors, may make claims from time to
time that we have infringed their patents, trademarks, copyrights, trade secrets, or other intellectual property rights. As our business
grows and competition rises, the risk of facing claims related to intellectual property and litigation matters will likely increase.

3

Our Privacy Policy

Privacy and security are the foundations of our
Company. We recognize that this is why users are drawn to the application and that our users care deeply about how their personal information
is collected, used and shared. When you read our Privacy Policy, we hope that you notice that it has been written to advance our core
principles and protect the integrity of the application.

When users sign up for the application, they are
required to provide us with certain personal information such as their name, email address and phone number. We take commercially reasonable
and appropriate measures to protect this personal information from accidental loss, misuse, and unauthorized access, disclosure, alteration,
or destruction, taking into account the risks involved in processing and the nature of such data, and comply with applicable laws and
regulations. We do not currently transfer any personal information to third-parties that do not act on our behalf, and we will not do
so without users’ opt-in consent. Similarly, we do not currently collect sensitive personal information from users without opt-in
consent. We may disclose personal information to certain types of third-party companies, but only to the extent needed to enable them
to provide such services. The types of companies that may receive personal information and their functions are: marketing assistance,
analytics and reporting, customer support, email and SMS delivery, cloud infrastructure, and systems monitoring. All such third parties
function as our agents, performing services at our instruction and on our behalf pursuant to contracts which require them to provide at
least the same level of privacy protection as is required by our Privacy Policy. In addition, we may be required to disclose personal
information in response to lawful requests by public authorities, including for the purpose of meeting national security or law enforcement
requirements. We may also disclose personal information to other third parties when compelled to do so by government authorities or required
by law or regulation including, but not limited to, in response to court orders and subpoenas.

With respect to retention of personal information,
we may only retain such users’ personal information in a form that identifies them only for as long as it serves the purpose(s)
for which it was initially collected as stated in our Privacy Policy, or subsequently authorized. We may continue processing users’
personal information for longer periods, but only for the time and to the extent such processing reasonably serves the purposes of statistical
analysis, and subject to the protection of our Privacy Policy. After such time periods have expired, we may either delete the personal
information or retain it in a form that it does not identify the user personally.

Most importantly, when users send an encrypted
message through the application, we may only temporarily process and store the message in its encrypted form. We do not (and cannot) read
our users’ encrypted messages and we delete our users’ messages as soon as they have been successfully self-destructed or
deleted. Our end-to-end encryption ensures that we will never have access to the contents of our users’ messages. Moreover, we recognize
the privacy rights of our users and are committed to complying with data protection laws to the extent they apply to us, and to assist
our users in exercising their rights under applicable law. For example, users may exercise their rights pursuant to the EU General Data
Protection Regulation (“GDPR”) or Section 1798.83 of the California Civil Code, simply by submitting a request via email to
privacy@DatChat.com.

Employees

As of March 29, 2026, we have a total of 11 full-time
employees and no part-time employees. We have established a network of external professionals and consultants to which we outsource various
research and development and operational tasks in an effort to minimize administrative overhead. We are not a party to any collective
bargaining agreements. We believe that we maintain good relations with our employees.

Our Corporate Information

DatChat, Inc. was initially incorporated in Nevada
on December 4, 2014 under the name YssUp, Inc. On March 4, 2015, an amendment to our articles of incorporation was filed with the Nevada
Secretary of State, changing YssUp, Inc.’s name to “DatChat, Inc.” On September 22, 2016, we filed amended and restated
articles of incorporation were filed with the Nevada Secretary of State in order to, among other things, authorize the Company to issue
preferred stock. On August 7, 2025, we filed a Certificate of Amendment to our Amended and Restated Articles of Incorporation with the
Secretary of State of the State of Nevada to change our name to “Myseum, Inc.”

4

Available Information

Our website address is www.myseum.com. The
contents of, or information accessible through, our website is not part of this Annual Report on Form 10-K, and our website address is
included in this document as an inactive textual reference only. We make our filings with the U.S. Securities and Exchange Commission
(“SEC”), including our Annual Report on Form 10-K, Quarterly Reports on Form 10-Q, Current Reports on Form 8-K and all amendments
to those reports, available free of charge on our website as soon as reasonably practicable after we file such reports with, or furnish
such reports to, the SEC. The public may read and copy the materials we file with the SEC at the SEC’s Public Reference Room at
100 F Street, NE, Washington, DC 20549. The public may obtain information on the operation of the Public Reference Room by calling the
SEC at 1-800-SEC-0330. Additionally, the SEC maintains an internet site that contains reports, proxy and information statements and other
information. The address of the SEC’s website is www.sec.gov. The information contained in the SEC’s website is not intended
to be a part of this filing.