Blockchain Founders Group invests in Me Protocol to power cross-brands loyalty rewards

Why we invested in Me Protocol

A study by Accenture shows that there is an upward $180 billion total value in the global loyalty rewards programs. Of all these, about 54% of members are inactive, translating directly to approximately $90 billion in losses. Another research by Statista showed that only 7 out of 17 consumers are actively participating in brands’ loyalty programs.

Me Protocol aims to empower the brand economy

By creating a ‘reverse marketplace’, Me Protocol simplifies the redemption and exchange of loyalty points, allowing users to redeem seamlessly across brands. This is powered by a decentralized protocol with its own token, making it possible to integrate different loyalty systems and connect them with Me Protocol’s platform. Users now have more options to spend the loyalty points across brands while keeping track of their various loyalty points on one platform.

  • Brands could utilize the Me App — an integral part of Me Protocol — to access different services available (e.g. advertising and analytics) to optimize their reward program ROI.
  • Me Protocol aims to decentralize its governance through the upcoming Me DAO, allowing different stakeholders (e.g. brands, customers, developers, etc.) to have ownership and decide over the protocol’s operation and future.

About Me Protocol

The team behind Me Protocol has extensive knowledge in the blockchain industry, innovation and investment. Robert Wesley, CEO and co-founder, is a serial entrepreneur and has founded several companies in the field of digitalization and blockchain-based investment ventures. Paul Oamen, CTO and co-founder, is an experienced engineer with deep knowledge of blockchain technologies. The Me Protocol team is backed by well-known entrepreneurs to innovate the loyalty rewards industry. Learn more about Me Protocol on their Website and LinkedIn.

About Blockchain Founders Group

BFG Blockchain Founders Group is a company builder and early-stage venture capital investor. Our team comprises academic and regulatory drivers of the blockchain economy, serial entrepreneurs, and venture capitalists. We love to work with outstanding entrepreneurial talents and bring to bear the full support of our network to make them succeed. Follow us on LinkedIn, Medium, or Twitter.

About BFG Superstars Program

The BFG Superstars Program is a crypto incubation program for pre-seed ideas and a place for blockchain talents and co-founders to meet and launch crypto startups in 2 to 3 months. Each cohort will launch 5+ crypto startups with different blockchain-based solutions. At the end of the program, selected startups will receive funding amounting to $60,000. Find more information about the program here.

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Blockchain Founders Group

Blockchain Founders Group

Investing in blockchain startups and digital assets. Building the token economy. — https://en.blockchain-founders.io/