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Bullboard - Stock Discussion Forum 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... see more

TSXV:MYID - Post Discussion

Reklaim Ltd > $MYID and Web3
View:
Post by StockHawk1 on Jan 27, 2022 5:48pm

$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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