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Reklaim Ltd V.MYID

Alternate Symbol(s):  MYIDF

Reklaim Ltd. is a Canada-based consumer-focused data company. The Company is engaged in offering compliant, first-party data to Fortune 500 brands and agencies, platforms, and data companies through which it allows consumers to visit the platform, confirm their identity and unveil data that has been collected and sold on them for years without the consumer's explicit consent. It enables consumers to take back control of this data by setting up a Reklaim account where, should they choose to, consumers can be compensated for using their data or protect it via a suite of privacy tools. The Company's platform offers various data segments, which includes household information, interests, traits, reading preferences, watching preferences, donation history, and financial information. It reveals various attributes based on the amount or variety of regular Internet activities of the consumers, such as reading articles, shopping, managing finances, and streaming platforms.


TSXV:MYID - Post by User

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Post by StockHawk1on Jan 27, 2022 5:48pm
103 Views
Post# 34368883

$MYID and Web3

$MYID and Web3

I have been interested in $MYID for a while however recent internal and external developments have me even more confident that this company has long-term potential. 


Firstly if we look at the future of data and the internet, data Privacy is one of the principles that Web3 is being built upon. ReKlaim is perfectly positioned to capitalize on this shift going forward IMO because of it of its focus on privacy and consent. 


Internally we can see that $MYID is leaning into its privacy elements as it recently heavily hinted that it will be adding a VPN service inside of its app (see here: https://www.reklaimyours.com/learn/what-is-a-vpn). This would make the app an all-in-one data privacy service. Additionally, the VPN feature would add additional SAAS revenue to their top and bottom line. 


The addition of a VPN has not been officially confirmed however I think it is a logical next step for them and could be a big catalyst. 


Today $MYID closed @ $0.225, MC is $15.16M

 
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