Digital2GO Media Networks raises $1M USD from the NEM Blockchain Community Fund
The funds raised will be used to integrate D2GO’s LocationCore (TM) platform on the NEM
blockchain, making it the first location-based platform to utilize the technology.
LocationCoreTM is an existing product of D2GO that provides consumers’ mobile data and
anonymous location information to businesses for engagement and marketing purposes. A
number of businesses are already using the platform, including Incipio, AdParlor, Alamo Rental
Car, and RCI (a division of Wyndham Resorts).
http://www.digital2go.com/news3/2018/3/13/digital2go-media-networks-raises-1m-usd-from-the-nem-blockchain-community-fundinteresting moves from nem dev team. what do you think guys.
I just want to help clarify some things.
Essentially, this is group funding from the NEM community to provide incentive to a company to use NEM tech. This gives more utility and publicity to NEM.
With that said, here are some highlights and corrections.
1. This was not a "move by the dev team". This was voted on and approved by NEM community.
Read about it here. 2. The terminology used makes it sound like NEM is integrating D2G to collect data. That is NOT the case. D2G is building their software to utilize the NEM blockchain, making their service better. Much like a car company buying a specific engine to install in their vehicles. - Not an engine design implementing a specific car's chassis.
3. The funding provided by NEM community should provide a great ROI, Return On Investment. We now have another established company promoting the NEM engine in a huge way. Anyone who is sharing location data, etc, will then be able to be rewarded with XEM. And it won't be a secret. You will know if you are sharing your locations, interests, etc to other companies looking to sell you something. You can turn it ON, or OFF. If you have it turned ON, you collect payment in XEM!
Right now, nobody really knows they can turn it OFF. It's ON by default, and you don't even know it's happening. And you certainly aren't paid for it. And if you were, it hasn't been paid in XEM!
This current system is bad. NEM is helping change that. Imagine the masses of people who don't know their data is collected, and don't know about XEM.