Wewards, Inc. (OTC: WEWA)

Wewards, Inc. is a Nevada corporation that has developed a web based platform enabling consumers to purchase goods from merchants and earn Bitcoin rebates. The company also owns the intellectual property for Megopoly, a massively multiplayer online board game that allows players to earn fractions of Bitcoin through virtual real estate transactions.

Wewards, Inc. intends to generate revenue by licensing white label versions of its platform to third party merchants. To date, the company has not entered into any such license agreement and has not generated revenue from the platform. The company also has not earned revenue from Megopoly aside from related party development fees. It is currently pursuing licensing arrangements to bring the game to market.

Wewards, Inc. operates in the emerging sector of blockchain based loyalty rewards and blockchain gaming. The company faces competition from other firms offering crypto rewards platforms and from developers of blockchain based games. Its competitive advantage lies in its unique Bitcoin rewards ecosystem and the proprietary Megopoly intellectual property which combines gaming with cryptocurrency earnings.

The company’s platform targets merchants that wish to offer Bitcoin incentives to shoppers and consumers who want to earn cryptocurrency through everyday purchases. Its Megopoly game is aimed at online gamers interested in a massively multiplayer experience that integrates Bitcoin earnings. No specific customer names are disclosed in the filing.