SINGAPORE - Marvion Inc. (OTC:MVNC), a technology company specializing in Web 3.0 solutions, has announced a Memorandum of Understanding (MOU) with China Information Technology Development Limited (CITD) and MAME Ltd to advance digital ownership tokens (DOTs) in the entertainment sector. The MOU, effective since February 1, 2024, aims to combine the strengths of the three entities to enhance the management and user experience of rewards programs through tokenization.
The partnership intends to tokenize rewards points, converting them into digital tokens using blockchain technology, which is expected to increase their flexibility and security. This collaboration brings together Marvion's expertise in DOTs and blockchain ecosystems, CITD's knowledge in AI and blockchain, and MAME Ltd's experience in entertainment and event production.
Anthony Au Yeung, COO of MAME Ltd, expressed enthusiasm for the initiative, which aligns with their dedication to innovation and customer satisfaction. A member of the pop girl group SPIRAL under MAME, known as Meme, also conveyed optimism about the potential for increased fan interaction through the tokenization of reward points.
The companies involved anticipate that this strategic collaboration will lead to new monetization opportunities and foster engagement in the digital era of the entertainment industry.
Marvion Inc., a Nevada holding company, offers media distribution services and is actively building an ecosystem and a metaverse for the media and entertainment industry. The group is also involved in mergers and acquisitions to expand its Web 3.0 offerings.
This news is based on a press release statement and should be considered with an understanding of the inherent risks and uncertainties, including those outlined by Marvion in its regulatory filings with the U.S. Securities and Exchange Commission.
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