Asset Entities Acquires TikTok Money Machine Community Entering the New Multi-Billion TikTok Creator and Seller Market
Rhea-AI Summary
Asset Entities (NASDAQ: ASST) has acquired TikTok Money Machine's assets and Discord community, which teaches content creators how to sell products on TikTok Shop through product content videos. The acquisition includes consulting agreements with TikTokers having 4.7 million TikTok followers and 280,000 Instagram followers. The Company expects this acquisition to generate approximately $300,000 in annual revenue. This follows Asset Entities' recent report of a 237% increase in gross revenues for the period ending September 30, 2024. TikTok Shop has generated over $4.6 billion in domestic revenue since its U.S. launch in September 2023.
Positive
- Expected additional annual revenue of $300,000 from the acquisition
- Recent 237% increase in gross revenues reported
- Access to large social media following (4.7M TikTok, 280K Instagram followers)
- Entry into the growing TikTok Shop market ($4.6B in domestic revenue)
Negative
- None.
Insights
This acquisition marks a strategic entry into the rapidly growing TikTok Shop ecosystem, with clear revenue implications. The deal is expected to add
The acquisition includes valuable digital assets and consulting agreements with influencers commanding 4.7 million TikTok followers, positioning ASST to leverage the creator economy for revenue growth. The company's expansion strategy through acquisitions (Ternary Payment Processing, OptionsSwing, Pure Profits, TommyBoyTV) demonstrates a clear pattern of revenue-focused growth through strategic purchases.
With over half of U.S. marketers now selling on TikTok Shop and major partnerships with Amazon and Walmart, the platform's ecosystem offers multiple revenue streams through affiliate marketing, live shopping and direct sales channels.
The acquisition of TikTok Money Machine represents a strategic positioning in the creator economy infrastructure. The Discord community's focus on teaching content creators how to monetize TikTok Shop creates a valuable knowledge base and network effect. The consulting agreements with established TikTokers provide immediate credibility and potential for rapid scaling.
The integration with Asset Entities' existing Discord services creates a comprehensive social commerce ecosystem. The timing is particularly advantageous as TikTok Shop gains momentum with major retail partnerships and diverse monetization channels. The platform's seamless in-app shopping experience and multiple touchpoints for commerce represent significant growth potential for content creators and brands alike.
DALLAS, Nov. 25, 2024 (GLOBE NEWSWIRE) -- Asset Entities Inc. (“Asset Entities” or the “Company”) (NASDAQ: ASST), a provider of digital marketing and content delivery services across Discord and other social media platforms, and a Ternary Payment Platform company, today announced it has acquired the assets in the TikTok Shop space known as the TikTok Money Machine which includes its Discord community.
The Discord community teaches content creators how to sell products on TikTok Shop via the use of product content videos. It also connects major consumer product brands with these content creators, offering the latter the opportunity to earn sales commissions, via their TikTok accounts, on each product sale completed. Asset Entities has also secured consulting agreements with TikTokers and lead creators of the Discord, who have an aggregate of 280,000 followers on Instagram and 4,700,000 followers on TikTok.
As reported by Asset Entities on November 15th, this TikTok transaction comes on the heels of a
The Company expects that the acquisition will add approximately
Since its U.S. launch in September 2023, through the end of September 2024, TikTok Shop has amassed domestic revenue of over
TikTok Shop enables merchants to sell directly to TikTok users through a suite of in-app shopping touchpoints. The platform’s ecosystem includes a "Shop" tab for browsing products, shoppable videos to purchase items from in-feed content, live shopping experiences, an affiliate program where creators and influencers can promote products and earn sales commissions, product tagging within videos, brand storefronts, and a seamless checkout process allowing users to purchase products without leaving the platform.
Recently, TikTok signed a key partnership enabling its users to purchase products from Amazon directly within the TikTok app. TikTok followed up this alliance by signing a deal that allows members of Walmart Connect – that company’s advertising platform – to promote their products through TikTok’s in-feed, native video ad formats.
“We are excited to complete another agreement expanding our share of the Discord community market, especially one allowing us to enter the exploding TikTok Shop market,” said CEO Arshia Sarkhani. “This acquisition is another step in our strategic plan that began with our purchase of the Ternary Payment Processing Platform and OptionsSwing Discord Server last November, and our purchase of Pure Profits and TommyBoyTV this June. We are confident that, like those acquisitions, today’s acquisition will result in a significant increase in our gross revenues. Moving forward, we will continue to explore additional acquisitions accretive to revenue,” he said.
To learn about Asset Entities, please go to www.assetentities.com. To learn about the Ternary payment platform, please go to www.ternarydev.com. To learn about Asset Entities 360 suite of discord services, go to https://www.ae360ddm.com/ and https://discord.gg/ae360ddm.
1. https://www.practicalecommerce.com/charts-u-s-tiktok-shop-sales-2023-2024
About Asset Entities, Inc.
Asset Entities Inc. is a technology company providing social media marketing, management, and content delivery across Discord, TikTok, Instagram, X (formerly Twitter), YouTube, and other social media platforms. Asset Entities is believed to be the first publicly traded Company based on the Discord platform, where it hosts some of Discord's largest social community-based education and entertainment servers. The Company's AE.360.DDM suite of services is believed to be the first of its kind for the Design, Development, and Management of Discord community servers. Asset Entities' initial AE.360.DDM customers have included businesses and celebrities. The Company also has its Ternary payment platform that is a Stripe-verified partner and CRM for Discord communities. The Company's Social Influencer Network (SiN) service offers white-label marketing, content creation, content management, TikTok promotions, and TikTok consulting to clients in all industries and markets. The Company's SiN influencers can increase the social media reach of client Discord servers and drives traffic to their businesses. Learn more at assetentities.com, and follow the Company on X at $ASST and @assetentities.
Important Cautions Regarding Forward-Looking Statements
This press release contains forward-looking statements. In addition, from time to time, representatives of the Company may make forward-looking statements orally or in writing. These forward-looking statements are based on expectations and projections about future events, which are derived from the information currently available to the Company. Such forward-looking statements relate to future events or the Company’s future performance, including its financial performance and projections, growth in revenue and earnings, and business prospects and opportunities. Forward-looking statements can be identified by those statements that are not historical in nature, particularly those that use terminology such as “may,” “should,” “expects,” “anticipates,” “contemplates,” “estimates,” “believes,” “plans,” “projected,” “predicts,” “potential,” or “hopes” or the negative of these or similar terms. In evaluating these forward-looking statements, you should consider various factors including those that are described in the section titled “Risk Factors” in the Company’s periodic reports which are filed with the Securities and Exchange Commission. These and other factors may cause the Company’s actual results to differ materially from any forward-looking statement. Forward-looking statements are only predictions. The forward-looking statements contained in this press release are made as of the date of this press release, and the Company does not undertake any responsibility to update the forward-looking statements in this release, except in accordance with applicable law.
Company Contacts:
Arshia Sarkhani, President and Chief Executive Officer
Michael Gaubert, Executive Chairman
Asset Entities Inc.
Tel +1 (214) 459-3117
Email Contact
Investor Contact:
Skyline Corporate Communications Group, LLC
Scott Powell, President
1177 Avenue of the Americas, 5th Floor
New York, NY 10036
Office: (646) 893-5835
Email: info@skylineccg.com
FAQ
What is the expected annual revenue from Asset Entities' (ASST) TikTok Money Machine acquisition?
How much did TikTok Shop generate in domestic revenue since its US launch according to Asset Entities (ASST)?
What was Asset Entities' (ASST) revenue growth for the period ending September 30, 2024?
How many social media followers do the TikTokers acquired by Asset Entities (ASST) have?
