Metasphere Labs Inc. Asserts Leadership in Bitcoin-Based Decentralized Identity Amid New Industry Developments
2024年5月3日 - 8:30PM
Metasphere Labs Inc.
("
Metasphere" or the "
Company")
(Cboe Canada: LABZ) (OTC: LABZF) (FRA: H1N), today, highlighted its
leadership in bitcoin-based decentralized identity solutions amid
significant industry developments. The announcement follows the
launch of MicroStrategy's decentralized identity platform,
MicroStrategy Orange, designed to manage digital identities on the
Bitcoin blockchain.
"MicroStrategy’s launch of the Orange platform
is a pivotal industry development that highlights the critical role
of blockchain in managing digital identities," said Natasha Ingram,
CEO of Metasphere. "We are pleased to see validation of our vision
with similar initiatives. Metasphere is developing a comprehensive
marketplace and verification system for all decentralized
bitcoin-based identity systems, including the Spaces Protocol and
Sat Names. We are enthusiastic about, additionally, integrating
MicroStrategy’s DID:BTC initiative into our platform."
Metasphere's vision goes beyond digital identity
to redefine decentralized applications via Bitcoin, setting it
apart from Ethereum Virtual Machine-based networks. "We are just
scratching the surface," Mrs. Ingram commented. "Bitcoin's
potential to drive Web3 adoption globally is significant."
The company is nearing the conclusion of
exclusive talks with Bot Ventures Inc. to form a partnership that
enhances the reach and functionality of Metasphere's services. More
details about the Bot Ventures Inc. discussions and their outcome
will be shared next week, underscoring Metasphere's commitment to
innovation in digital identity.
ABOUT METASPHERE LABS
Headquartered in Vancouver, British Columbia,
Metasphere Labs ("LABZ") develops metaverse environments, DAO
solutions, gamification, and Web3 / blockchain monetisation
strategies aiming to solve social coordination problems for acting
on climate change and making a positive impact on the planet.
For Further
Information
To learn more about Metasphere Labs and its
initiatives, please contact:Natasha Ingram, CEOEmail:
info@metasphere.earth
Forward-Looking
InformationThis 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, open metaverse projects and
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.
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.
SOURCE: METASPHERE LABS INC.