17.05.2024 22:05:07 - dpa-AFX: GNW-Adhoc: Metasphere Labs Unveils Decentralized Identity System at Consensus 2024 and Announces Carbon Aware Routing Protocol
VANCOUVER, British Columbia, May 17, 2024 (GLOBE NEWSWIRE) -- Metasphere Labs
Inc. (formerly Looking Glass Labs Ltd., "Metasphere" or the "Company") (Cboe
Canada: LABZ (https://www.cboe.ca/en/live/security-activity/LABZ%23!/market-
depth)) (OTC: LABZF (https://www.otcmarkets.com/stock/LABZF/overview)) (FRA: H1N
(https://www.boerse-frankfurt.de/equity/metasphere-labs-inc)) is thrilled to
announce its participation in Consensus 2024
(https://consensus2024.coindesk.com/) alongside Bot Ventures Inc. ("Bot
Ventures"), where they will unveil an early demonstration of their innovative
decentralized identity and domain name system. This platform utilizes Bitcoin
blockchain technology to enhance online security and trust through decentralized
digital identity solutions.
Parties interested in seeing a demonstration of the prototype can book a meeting
at Metasphere's private suite by contacting Natasha Ingram at
info@metasphere.earth (mailto:info@metasphere.earth).
New Carbon Aware Routing Protocol Initiative
In addition to the demonstration, the Company is excited to announce a
pioneering initiative to develop a carbon aware routing protocol for computer
networks and the Internet. This protocol will enable Internet Service Providers
(ISPs) and network participants to route data packets by prioritizing routes
that minimize carbon emissions instead of focusing solely on the number of hops.
Why Carbon Aware Routing is Needed
The Internet is a significant contributor to global carbon emissions due to the
energy consumed by data centers and network infrastructure. This trend will only
increase exponentially with compute-intensive AI and Metaverse applications.
Current routing protocols optimize for speed and cost, often disregarding the
environmental impact. By implementing a carbon aware routing protocol, ISPs can
make more environmentally conscious decisions, significantly reducing the
Internet's carbon footprint.
This innovative protocol will also provide real-time analytics of Internet
routing, enabling ISPs to monitor and offset their emissions. The integration of
these analytics will allow for greater transparency and accountability in
managing carbon emissions across the digital landscape.
Metasphere aims to unveil this protocol at Mobile World Congress Americas and
plans to submit it to the Internet Engineering Task Force (IETF) within the same
timeframe.
Join Us at Consensus 2024
Metasphere and Bot Ventures invite all interested parties to join them at
Consensus 2024 to witness the future of decentralized identity solutions and
learn more about Metasphere's other initiatives and contracts, including the
development of Pure Sky's carbon credit registry, Bluesphere's Ents World
Metaverse, participating in the Treegens, and the new carbon aware routing
protocol initiative. Together, these advancements underscore Metasphere's
commitment to driving innovation in both digital identity and environmental
sustainability.
"As we move forward with Bot Venture's decentralized identity and domain name
system, our focus remains on developing a decentralized and sustainable
Internet," said Natasha Ingram, CEO of Metasphere. "Our new carbon aware routing
protocol is a testament to our commitment to reducing the environmental impact
of the digital world, and we are excited to share these innovations with the
world at both Consensus 2024 and Mobile World Congress Americas 2024."
About Metasphere Labs:
Based in Vancouver, British Columbia, Metasphere Labs develops solutions for the
metaverse, DAOs, gamification, and Web3, addressing social challenges related to
climate change and aiming for a positive planetary impact.
For more information, contact Natasha Ingram, CEO, at info@metasphere.earth
(mailto:info@metasphere.earth).
Forward-Looking Information
This news release contains "forward-looking statements." Statements in this news
release that are not purely historical are forward-looking statements and
include any statements regarding beliefs, plans, expectations, or intentions
regarding the future. Such forward-looking statements include, among other
things, the development of an MVP to fully integrate Pure Sky's carbon credit
registry and DAO operations to advance blockchain for environmental benefits and
global sustainability, the delivery of the MVP to Pure Sky by July 1, 2024,
other open metaverse projects and the development of virtual world projects.
The material assumptions supporting these forward-looking statements include,
among others, that: the Company could mitigate the risks associated with the
blockchain and NFT industry; the ability to compete with other businesses in the
NFT, metaverse and blockchain markets; the availability of sufficient funding to
carry out the Company's business development plans; favourable market
conditions; and the market acceptance for its products.
Although management considers these assumptions to be reasonable based on
information currently available to it, they may prove to be incorrect. These
forward-looking statements are only predictions and involve known and unknown
risks, uncertainties and other factors, including: the continued growth and
adoption of NFT, metaverse and blockchain offerings; the cost of developing and
designing NFTs and metaverses is economically viable; the Company being able to
attract and retain a sufficient workforce with desired skillsets to develop the
Company's digital offerings; the availability of offerings provided by third-
parties in the NFT, metaverse development and online gaming market to identify
potential transactions; the increasing adoption of NFTs as a solution for
various online gaming, entertainment and collectible uses; the Company having
the ability to mitigate the risks associated with the blockchain and NFT
industry; and the ability to compete with other businesses in the NFT, metaverse
development, content creation and collectibles market.
Although management considers these assumptions to be reasonable based on
information currently available to it, they may prove to be incorrect. These
forward-looking statements are only predictions and involve known and unknown
risks, uncertainties and other factors, including: the risk that the Company's
offerings are not accepted by the consumer, the risk that other competitors may
offer similar digital offerings; the risk that there may be negative changes in
general economic and business conditions; the risk that the Company may have
negative operating cash flow and not enough capital to complete the development
of any of its technologies; the risk that the Company may not be able to obtain
additional financing as necessary; the risk that there may be increases in
capital and operating costs; the risk that the NFT technology may be subject to
fraud and other failures; the risk that there may be technological changes and
developments in the blockchain that make the NFT solutions obsolete; risks
relating to regulatory changes or actions which may impede the development or
operation of the blockchain solutions; the risk that other competitors may
release similar blockchain offerings; the potential future unviability of the
NFT market in general; the volatile cost of the amount of computational effort
required to execute specific operations on the blockchain, and other general
risks involved in the blockchain solutions.
Risks and uncertainties about the Company's business are more fully discussed in
the Company's disclosure materials, including its reports filed with the
Canadian securities regulators and which can be obtained from www.sedarplus.ca
(http://www.sedarplus.ca/).
Any of these risks may cause the Company's actual results, levels of activity,
performance or achievements to be materially different from any future results,
levels of activity, performance or achievements expressed or implied by these
forward-looking statements. Further, although the Company has attempted to
identify factors that could cause actual results, levels of activity,
performance or achievements to differ materially from those described in
forward-looking statements, there may be other factors that cause results,
levels of activity, performance or achievements not to be as anticipated,
estimated or intended. These forward- looking statements are made as of the date
of this news release, and the Company assumes no obligation to update the
forward-looking statements, or to update the reasons why actual results could
differ from those projected in the forward-looking statements, except as
required by applicable law, including the securities laws of the United States
and Canada. Although the Company believes that any beliefs, plans, expectations
and intentions contained in this news release are reasonable, there can be no
assurance that any such beliefs, plans, expectations or intentions will prove to
be accurate. The Company does not assume any liability for disclosure relating
to any other company mentioned herein.
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|
Name |
WKN |
Börse |
Kurs |
Datum/Zeit |
Diff. |
Diff. % |
Geld |
Brief |
Erster |
Schluss |
|
BTC/CHF |
- |
Crossrates |
62.170,8200 |
08.06.24 08:42:29 |
+102,5900 |
+0,17% |
62.141,7700 |
62.199,8800 |
- |
62.068,2300 |
|
BTC/EUR |
- |
Crossrates |
64.108,2000 |
08.06.24 08:42:29 |
+105,7900 |
+0,17% |
64.083,0400 |
64.133,3500 |
- |
64.002,4100 |
|
BTC/USD |
- |
Forex vwd |
69.352,1000 |
08.06.24 08:42:29 |
+107,7800 |
+0,16% |
69.331,2900 |
69.372,9100 |
69.248,0650 |
69.244,3200 |
|
METASPHERE LABS INC. |
A404SQ |
Frankfurt |
1,590 |
07.06.24 21:53:28 |
+0,365 |
+29,80% |
0,000 |
0,000 |
1,245 |
1,590 |