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VANCOUVER, British Columbia, March 4, 2024 (GLOBE NEWSWIRE) — Metasphere Lab Co., Ltd. (“metasphere” or “company”)(CBOE: Labs) (OTC: Labozuf) (France:H1N0The company, a leader in digital assets and metaverse development, proudly announces its partnership with climate technology venture studio Bluesphere Ventures Inc.blue sphere”). The partnership, formalized through a Letter of Intent dated March 1, 2024, includes an innovative “Play” program that rewards players for restoring habitats and promoting biodiversity in the real world. We entrust Metasphere with the creation of “Ents World,” a “to Earn” game. The game leverages the Bitcoin blockchain for assets and governance within the world, and represents a major advance in combining blockchain technology with environmental initiatives.
Ents World will be developed as a first-of-its-kind open metaverse that leverages the Bitcoin blockchain for assets and governance within the world. This breakthrough approach incorporates client-side validation, allowing users to independently verify transactions and assets without a central authority. By integrating Taproot Assets and employing Bitcoin smart contracts, Ents World promises a decentralized, secure and efficient in-game economy, giving players full ownership of their assets and efforts.
The game uniquely combines virtual gaming experience with visible environmental impact. It features leaderboards for various regenerative financial reforestation communities, including his Treegens protocol among others. By participating in real-world tree planting or supporting such initiatives, players will have access to immersive gameplay and rewards within Ents World’s enchanting forest environment, and will be rewarded with in-game achievements. and environmental activities to promote sustainability and ecosystem restoration.
Jimi Cohen, CEO of Tregens LLP, expressed his excitement about the project, saying: “Ents World represents an innovative fusion of gaming, blockchain technology and environmental management. By participating in tree-planting activities, you can witness the effort firsthand.” Maximize the impact of their actions and turn gaming into a powerful tool for positive change. ”
Natasha Ingram, Metasphere’s CEO, expressed her enthusiasm for the initiative, saying: “We are thrilled to have been chosen by Bluesphere to develop Ents World. This game is more than just entertainment and will contribute to a more sustainable planet. This is a call to action for individuals who want to do so.” Leveraging the capabilities of the Bitcoin blockchain sets a new benchmark for how technology can drive meaningful environmental initiatives. ”
Scheduled for release in early Q3 2024, Ents World aims to deliver an engaging and impactful gaming experience that seamlessly marries virtual and real-world environmental engagement.
We and Bluesphere are working on a final agreement, after which development of the game will begin.
Follow us to stay updated on Ents World and its developments. X.
Metasphere invites stakeholders and the broader community to visit the new website to learn more about the company’s direction, projects, and the impact of the Web3 initiative.
About Metasphere Lab
Headquartered in Vancouver, British Columbia, Metasphere aims to solve problems in social coordination to tackle climate change and positively impact the planet. Developing chain monetization strategies.
For more information, please contact us below.
Metasphere Lab Co., Ltd.
Natasha Ingram, CEO
Email: 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, including statements regarding beliefs, plans, expectations and intentions regarding the future. Such forward-looking statements include, but are not limited to, the timing of the completion of the transaction contemplated by the definitive option agreement, including the development of the Open Metaverse Project, the Virtual World Project, the ability of the parties to satisfy the terms and approval of completion; It is included. Details of the transaction and possibility of termination.
Important assumptions supporting these forward-looking statements include, among others, the following: The company has the potential to reduce risks associated with blockchain and his NFT industry. our ability to compete with other businesses in the NFT, Metaverse and blockchain markets; the availability of sufficient funds to execute our business development plans; Favorable market environment. and whether the product will be accepted by the market.
Although management believes these assumptions are reasonable based on currently available information, they may prove to be incorrect. These forward-looking statements are only predictions and involve known and unknown risks, uncertainties and other factors. This includes: continued growth and adoption of NFT, Metaverse, and blockchain products; The cost of developing and designing NFTs and metaverses is economically viable. We are able to attract and retain a sufficient workforce with desirable skill sets to develop our digital products. Availability of services provided by third parties in the NFT, Metaverse development, and online gaming markets to identify potential transactions. The adoption of NFTs is increasing as a solution for various online gaming, entertainment, and collectibles applications. We have the ability to mitigate risks associated with the blockchain and NFT industry. and our ability to compete with other businesses in the NFT, metaverse development, content creation and collectibles markets.
Although management believes these assumptions are reasonable based on currently available information, they may prove to be incorrect. These forward-looking statements are only predictions and involve known and unknown risks, uncertainties and other factors. This includes the risk that our products will not be accepted by consumers, the risk that other competitors may offer similar digital products, and other factors. risks that could result in negative changes in general economic or business conditions; the risk that our operating cash flow will become negative and we will not have sufficient capital to complete technology development; the risk that we may be unable to obtain additional financing as needed; risks that may increase capital and operating costs; the risk that NFT technology may be subject to fraud or other failures; the risk that there may be technological changes or developments in blockchain that could render NFT solutions obsolete; risks related to regulatory changes or actions that may impede the development or operation of blockchain solutions; the risk that other competitors will release similar blockchain products; The possibility that the entire NFT market may become unviable in the future. The variable cost of the amount of computation required to perform certain operations on the blockchain, and other common risks involved in blockchain solutions.
The risks and uncertainties relating to our business are further described in our disclosure documents, including reports filed with Canadian securities regulators, which are available below. www.sedarplus.ca.
These risks could cause our actual results, level of activity, performance or achievements to differ materially from any future results, level of activity, performance or achievements expressed or implied by these forward-looking statements. Additionally, although we have endeavored to identify factors that could cause actual results, activity levels, performance or achievements to differ materially from those described in the forward-looking statements, we believe that the results, activity levels, , there may be other factors that cause performance or outcomes. results not being 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 any forward-looking statements or the possibility that actual results will differ from those anticipated in the forward-looking statements. We are not obligated to update for any reason. except as required by applicable law, including U.S. and Canadian securities laws. Although the Company believes that any beliefs, plans, expectations and intentions contained in this news release are reasonable, there can be no assurance that such beliefs, plans, expectations or intentions will prove to be accurate. . We are not responsible for disclosures regarding other companies mentioned herein.
Source: METASPHERE LABS INC.
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