SEATTLE and ATLANTA, Aug. 02, 2018 (GLOBE NEWSWIRE) -- DigitalTown (OTC:DGTW), a pioneer in the use of blockchain-based technology and decentralized applications for Smart Cities that are designed to keep business local, announces a partnership with Monetizr , the Atlanta-based blockchain game reward engine. The partnership provides Monetizr’s 10 million members the ability to exchange their Monetizr Tokens (MTZs) with participating DigitalTown merchants, who receive a free, digital store front and low commission rates on their city’s platform powered by DigitalTown.
DigitalTown’s web and mobile application empowers residents, visitors, merchants and municipalities to work together to build thriving sovereign local communities that connect locally and globally. The innovative platform helps citizens search, shop and connect within their local economies, thereby creating more resilient, sustainable and equitable local ecosystems around the world. At the core of the DigitalTown platform is the free SmartWallet, which supports both conventional currencies such as US Dollars and Euros and Cryptocurrencies such as Bitcoin and Ethereum as well as a growing number of so-called ALT Tokens. In addition to providing wallets for DigitalTown CityShares and CityTokens, support for for MTZs is being added.
DigitalTown CEO, Rob Monster, comments: “DigitalTown and Monetizr share a vision for rewarding specific behaviors with blockchain tokens that can be exchanged in the real world for tangible goods and services. The partnership grants Monetizr an additional global vehicle for the exchange of Monetizr Tokens adding real value to the Monetizr business model and granting DigitalTown 10 million new users. It’s a clear win for DigitalTown, our participating merchants, Monetizr and its members.”
Monetizr Co-Founder and COO, Martins Bratuskins, adds: “We’re very excited to partner with DigitalTown and to enable our community of gamers to spend their game tokens for real items with local stores. Our mission at Monetizr is to reward gamers with tokens that have real-life value and we believe this is a perfect opportunity to add an additional value for gamers while bringing more business to local stores.”
DigitalTown’s blockchain-based CityShares represent ownership of a city platform and grant voting rights to owners. Holders of CityShares receive a percentage of the revenue generated by their city’s platform. Upon registration to DigitalTown, everyone receives 10 free CityShares for their resident city which can be bought and sold in a peer to peer exchange.
CityTokens are also issued to people who engage with DigitalTown’s community tools. The mobile-based community tools encourage members of the DigitalTown movement to join or start discussions, create and manage events and projects, and also fundraise for the local community. The CityTokens, to which no specific monetary value is attributed, are exchanged with participating DigitalTown merchants for goods and services. Each merchant sets the value of CityTokens and can exchange them with DigitalTown for sponsored promotion on their city’s platform.
With the Monetizr partnership, the 10 million Monetizr members will be able to incorporate their MTZs into the DigitalTown SmartWallet to exchange with participating DigitalTown merchants.
About DigitalTown
DigitalTown, Inc . (DGTW) powers Smart Cities to succeed in the Digital Age. It provides turn-key hosted solutions to power "Digital Towns", which improve Quality of Life for residents and visitors through locally owned solutions for economic development, civic engagement and digital inclusion for cities around the world. You can download the DigitalTown App from the App Store, or visit one of our many city sites such as Austin.City to get a feel for how DigitalTown is creating value for cities around the world.
Stay tuned for updates on our partnership!
Contact Rob Monster, Chief Executive Officer +1-425-295-4564; rob@digitaltown.com
Karen Floyd, Chief Brand Officer +34 692 336 787 karen@digitaltown.com
About Monetizr
With Monetizr , developers reward gamers with MTZs to increase game engagement, play-time and revenue. Developers use the untapped power of devices to mine cryptocurrencies, creating 100% new revenue stream. Gamers earns MTZs by playing the games they love. MTZs are collected in MTZ wallets. Gamers earn additional MTZs for allowing cryptocurrency mining on their devices. Brands sponsor tokens and rewards for gamers. In exchange, brands get exposure to highly targeted audiences based on gamer interests, location and behavior. Gamers use MTZs to purchase physical goods and services, or exchange to other cryptocurrencies.
Disclaimer - Forward Looking Statement Safe Harbor Language: Any statements contained herein related to future events are forward-looking statements and are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act 1995. Readers are cautioned not to place undue reliance on forward-looking statements. DigitalTown, Inc. undertakes no obligation to update any such statements to reflect actual events.
