06.06.2024 10:30:06 - dpa-AFX: GNW-Adhoc: Metasphere Labs Announces Joint LOI with Ecoblox, PureSky, and Bluesphere to Develop Carbon-Aware Routing Protocol
VANCOUVER, British Columbia, June 06, 2024 (GLOBE NEWSWIRE) -- Metasphere Labs
Inc. (formerly Looking Glass Labs Ltd., "Metasphere Labs" 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 that it has entered into a joint Letter of Intent ("LOI") dated June
6, 2024 with three pioneering companies, including Ecoblox, Pure Sky Registry
LLC ("PureSky"), and Bluesphere Ventures Inc. ("Bluesphere") to cofound a for-
profit consortium dedicated to developing an innovative Carbon-Aware Routing
Protocol. This initiative, initially announced by Metasphere Labs earlier this
month, aims to optimize and offset the carbon footprint of internet and data
center operations, making significant strides towards a sustainable digital
future.
New Carbon-Aware Routing Protocol Initiative
The Carbon-Aware Routing Protocol will enable internet routers to dynamically
select paths based on the carbon intensity of available network routes and
manage offsets in real time. This initiative aims to address the critical need
to reduce the carbon footprint associated with the growing electricity
consumption of internet and data centers, driven by advancements in AI,
Blockchain, Metaverse, and AR/VR applications. The protocol will consider not
only network equipment but also the service layer, such as the NVidia GPU
clusters that are central to innovations in AI and Web3 spaces. These clusters,
known for their high-performance computing capabilities, will be integral to the
protocol's success in optimizing energy usage and reducing carbon emissions.
Collaborative Efforts with Leading Companies
Ecoblox, based in Dubai, is an industry expert in developing high-performance
computing (HPC) infrastructure and data center solutions. Their new product line
of modular data centers offers rapid processing and seamless scalability,
coupled with sustainability and efficiency through RDHx and liquid-cooling
solutions, optimizing resource usage for a greener future.
PureSky, headquartered in Delaware, operates a carbon credit registry certified
to meet the ISO 1400 carbon offset standards. All PureSky credits are guaranteed
to have been audited by ISO-certified auditors, ensuring the highest levels of
credibility and impact in carbon offsetting. The PureSky registry is run as a
DAO on the Optimism Ethereum L2 blockchain. More information about PureSky can
be found at https://puresky.earth (https://puresky.earth/).
Bluesphere is a pioneering venture studio dedicated to driving positive
environmental change through innovative projects and sustainable solutions.
Their commitment to fostering groundbreaking environmental initiatives aligns
perfectly with the goals of this consortium.
Metasphere Labs has also announced its intention to rebrand the planned launch
of the CarbonBot media site as a component of the Climate.bot platform, under
that brand. Metasphere Labs intends to use the brand CarbonBot and the domain
carbon.bot as the name of the consortium, underscoring their commitment to this
collaborative effort.
The parties intend to release the protocol and initial reference design for
NVidia GPU clusters, at Mobile World Congress Americas 2024.
Leadership Quotes
Natasha Ingram, CEO of Metasphere Labs, stated, "With internet and data center
electricity consumption set to double by the end of the decade due to
advancements in AI, Blockchain, Metaverse, and AR/VR applications, it is
critical that the carbon footprint of these technologies is accounted for and
managed. The Carbon-Aware Routing Protocol is a pivotal step towards ensuring a
sustainable digital future. By focusing on high-performance computing solutions
like NVidia GPU clusters, we can significantly reduce the carbon footprint of
intensive computing operations, thereby enhancing overall efficiency and
sustainability."
Eddie Soleymani, CEO of Bluesphere, commented, "Arthur C. Clarke's vision of a
world where we communicate instead of commute is becoming a reality. AI, next-
generation networks, and the open Metaverse, including AR/VR, are making this
possible. The carbon footprint of data centers can be easily managed and is the
lowest-hanging fruit to decarbonize. Proper accounting will require knowing the
carbon footprint of every data packet on the Internet, at every hop."
Theo Valich, CEO of Ecoblox, expressed his enthusiasm: "Ecoblox is excited to
partner with Metasphere Labs, PureSky, and Bluesphere to develop this
transformative protocol. Our expertise in AI, Bitcoin and HPC infrastructure and
sustainable data center solutions positions us uniquely to contribute to this
consortium's success. Together, we can lead the way in creating a greener and
more efficient digital landscape."
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 the carbon credit protocol initiative, 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 |
52.079,9600 |
06.07.24 01:00:50 |
+212,5300 |
+0,41% |
52.055,6200 |
52.104,3100 |
- |
50.653,8500 |
|
BTC/EUR |
- |
Crossrates |
53.630,8300 |
06.07.24 01:00:50 |
+218,8600 |
+0,41% |
53.609,8000 |
53.651,8600 |
- |
52.162,2500 |
|
BTC/USD |
- |
Forex vwd |
58.162,3400 |
06.07.24 01:01:19 |
+276,6650 |
+0,48% |
58.144,8900 |
58.179,7900 |
57.883,8450 |
57.885,6750 |
|
METASPHERE LABS INC. |
A404SQ |
Frankfurt |
0,291 |
05.07.24 21:22:06 |
+0,011 |
+3,93% |
0,000 |
0,000 |
0,290 |
0,291 |