Marvion Enters Strategic Collaboration with CITD and MAME Ltd to Pioneer Digital Ownership Tokens (DOTs) in Entertainment Industry



SINGAPORE, Feb. 20, 2024 /PRNewswire/ — Marvion Inc., (OTC:MVNC), a leading technology company specializing in Web 3.0 solutions, is pleased to announce the signing of a Memorandum of Understanding (MOU) with China Information Technology Development Limited (CITD) and MAME Ltd (Mame). This collaborative agreement marks a significant milestone in the advancement of digital ownership tokens (DOTs) within the entertainment industry.

The MOU, effective as of February 1, 2024, establishes a collaborative arrangement between the parties to leverage their respective expertise for mutual benefit. CITD, a technology company at the forefront of AI, blockchain technologies, and Web 3.0 solutions, joins forces with Marvion, renowned for its expertise in developing DOTs and blockchain-powered ecosystems. MAME Ltd, a prominent player in the entertainment and event production business, adds its industry knowledge and network to the collaboration.

The scope of work outlined in the MOU includes the tokenization of rewards points, a service that converts rewards points into digital tokens using blockchain or similar technology. This tokenization process enhances the flexibility, security, and integration of rewards points into digital platforms, loyalty programs, or decentralized applications.

“We are excited to collaborate with Marvion and CITD on this groundbreaking initiative,” said Anthony Au Yeung, COO of MAME Ltd. “By tokenizing rewards points, we can revolutionize the way rewards programs are managed and enhance the overall experience for our customers. This partnership aligns with our commitment to innovation and customer satisfaction.”

“We are looking forward to see how tokenizing reward points can assist the growth of our fans group and hope that it will bring more interaction between us and our fans.” Meme, member of SPIRAL, a pop girl group under MAME.

Through this strategic collaboration, Marvion, CITD, and MAME …

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