A new joint-venture aims to provide its users with rewards for watching videos, playing games and sharing feedback and opinions.
Ho Chi Minh, Vietnam: MYMEDIA MYANMAR, a leading digital media corporation in Myanmar with over 11 million followers, announced today it will combine forces with blockchain venture builder, RedFOX Labs of Ho Chi Minh, Vietnam, to create the largest rewards and cashback platform in Southeast Asia.
RedFOX Labs is a blockchain based tech company that identifies and builds proven business models for the emerging markets of Southeast Asia. They create innovative and scalable solutions to unlock the true market potential on the Komodo Platform, as they aim to create market-leading companies in the e-commerce, e-media, e-travel and transport and logistics.
“We have an engaged and growing community that deserves to have their time rewarded,” said Rene Heumueller, Co-Founder of MYMEDIA MYANMAR. “Rewards and cashback platforms can be disjointed, confusing and open to attack. We understand this market very well and we pride ourselves on being customer experience and engagement experts. Our content is already of extremely high quality but we wanted to further reward our audience and the marketers who use our platform. A rewards and cashback program that converts users time to buying power in a market-place seems the ideal way to achieve this. By partnering with RedFOX Labs, we will have access to not only amazing technology but an opportunity to provide a more engaging rewards and cashback platform backed by blockchain technology. The newly established JV allows us to expand our footprint across Southeast Asia and we couldn’t have found a better partner for this journey “.
RedFOX Labs has started designing its first few lead projects from their base in Vietnam, to tackle the bustling and emerging markets of the Southeast Asia region. Lead by an experienced team of Australian C-Level executives, with global experience in disruptive tech and blockchain, RedFOX Labs is already fast building a reputation as being the ‘go-to’ company for blockchain technology in Southeast Asia.
“RedFOX Labs sees the benefits that blockchain can bring to rewards and cashback, from security, anti-fraud and interoperability” said Ben Fairbank CEO and Co-Founder of RedFOX Labs. “We are thrilled to partner with MYMEDIA MYANMAR who are a market leading digital media corporation in Myanmar. We believe with an active and engaged user base of 11 million followers, and our ability to build a model of rewards without end users being required to learn about blockchain, we stand a chance to be more than competitive in the region. MYMEDIA MYANMAR have a very solid reputation and work with the countries and regions leading brands, which all bode well for establishing a platform that rewards their users. This model will quickly scale to neighboring countries in the region, starting with the Philippines and Vietnam, then beyond.”
MYMEDIA MYANMAR and RedFOX Labs will now begin construction on the portal and marketplace and will be ready to launch in the coming months. Conversations with the regions unicorn companies have already begun for the purposes of distribution and becoming network partners.
MYMEDIA MYANMAR is a digital marketing corporation providing full scale marketing and advertising services tailored to meet the needs of businesses of all sizes. We specialise in deploying creatively branded, cost effective, online advertising and media campaigns that strengthen brands, engage audiences, and elevate business in Myanmar.
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About RedFOX Labs
RedFOX Labs is a blockchain based tech company that identifies and builds successful business models for the emerging markets. RedFOX Labs is Southeast Asia’s first blockchain venture builder.
For more information, please contact: