METASPHERE LABS INC - LABZF STOCK NEWS

Metasphere Labs has signed a definitive Software Development Agreement with ARCannabis to create a VR virtual store. The store will enhance the online cannabis shopping experience using advanced VR technology, leveraging ThreeJS or Unreal Engine.

It will be accessible via Google Chrome, Safari, and Microsoft Edge, and integrate with ARCannabis' current backend system. The store aims to offer an immersive experience and will be embeddable in open metaverse environments and gaming platforms like Fortnite.

The project, valued at $8,000, is set to be completed by September 1, 2024, with a 30-day testing period. This partnership strengthens Metasphere Labs' position in the Web3 and metaverse sectors.

Metasphere Labs announces a Twitter Spaces event on July 3, 2024, at 2 p.m. ET to discuss Green Bitcoin mining and sustainability. The event will cover Bitcoin mining basics, energy market dynamics, sustainable innovations, sound money principles, efficient payment systems, and carbon footprint comparisons between Bitcoin and traditional banking. CEO Natasha Ingram emphasizes the importance of sustainable practices in digital currencies and energy use. Follow Metasphere Labs on Twitter for updates and to join the event.

Metasphere Labs has entered a joint LOI with Ecoblox, PureSky, and Bluesphere to develop a Carbon-Aware Routing Protocol aimed at reducing the carbon footprint of internet and data center operations. This protocol will enable routers to select paths based on carbon intensity and manage offsets in real-time. The initiative is prompted by the increasing electricity consumption driven by AI, Blockchain, Metaverse, and AR/VR applications. Ecoblox will contribute its expertise in HPC infrastructure, PureSky will offer its certified carbon credits, and Bluesphere will drive sustainable solutions. The consortium plans to release the protocol and reference design for NVidia GPU clusters at the Mobile World Congress Americas 2024.

Metasphere Labs has announced further details regarding its carbon aware routing protocol. Recognizing the significant environmental impact of the Internet's energy consumption, the company is developing a reference design focused on NVIDIA-based GPU clusters. This initiative addresses the growing computational demands of AI, machine learning, AR/VR, and blockchain applications.

As the Internet shifts to a more energy-intensive phase, Metasphere Labs aims to reduce carbon emissions through optimized routing protocols. The company plans to release a Minimum Viable Product (MVP) by the Mobile World Congress Americas 2023, demonstrating the protocol's feasibility and setting the stage for industry-wide adoption.

Metasphere Labs is calling for collaboration from industry partners to enhance the protocol further, aiming for a more sustainable digital future.

Metasphere Labs has announced its carbon aware routing protocol initiative, focusing on NVIDIA-based GPU clusters to address the Internet's rising energy demands.

As AI and machine learning grow, so does the energy consumption of GPUs, prominently NVIDIA's. These power-intensive processes, important for AR/VR, the metaverse, and blockchain, necessitate optimized energy use. The company aims to mitigate this by designing routes that minimize carbon emissions.

They plan to release a Minimum Viable Product (MVP) by Mobile World Congress Americas 2023, setting the stage for industry-wide adoption.

Metasphere Labs seeks collaboration from industry leaders to enhance the protocol's effectiveness and promote a sustainable digital future.

Metasphere Labs, previously Looking Glass Labs, announced that they are not aware of any undisclosed corporate developments or material changes influencing the current trading activity of their shares on Cboe Canada. This statement follows a request from CIRO's Market Surveillance group. Metasphere specializes in tokenized assets and open metaverse environments, trading under the symbols LABZ (Cboe Canada), LABZF (OTC), and H1N (FRA).

Metasphere Labs, formerly Looking Glass Labs, has appointed Dustin Muscato as an advisor for its carbon credit protocol for grid-scale batteries. Muscato brings nearly 20 years of finance and engineering experience, including his role at Green Street Advisory and a NYC-based alternative asset management firm. CEO Natasha Ingram highlighted his expertise in utility-scale renewables and battery sectors. Muscato's role will involve enhancing the project's success and promoting the protocol to the utility sector. The carbon credit protocol aims to quantify and monetize the carbon reduction potential of large-scale battery storage systems, supporting their financial viability and adoption. Metasphere plans to submit this protocol to the Web3-based Pure Sky carbon credit registry. The appointment marks another step in Metasphere’s efforts to lead the energy transition with innovative blockchain solutions.

Metasphere Labs announced a new carbon credit protocol tailored for grid-scale batteries, aiming to decarbonize the electricity grid. This initiative will allow these batteries to generate carbon credits by optimizing their operations, making them economically viable.

The protocol is set to be submitted to the Pure Sky Carbon credit registry, using smart contracts for transparent carbon accounting. The company plans to unveil the protocol at the Mobile World Congress Americas 2024.

This project is part of a broader mission to measure the carbon footprint of data centers and internet infrastructure. It involves Virtual Power Plants (VPPs) to enhance the operational efficiency and sustainability of data centers through aggregated battery systems.

Metasphere emphasizes the importance of collaboration with various stakeholders in the energy and technology sectors to support the global transition to a low-carbon economy.

Metasphere Labs, formerly Looking Glass Labs, announces significant sector advancements impacting tokenized and carbon assets. The U.S. SEC's recent directive for exchanges to refine ether ETF applications has spurred an 18% rise in ether prices. Additionally, BlackRock's BUIDL fund, now the largest tokenized treasury fund at $375 million, has captured 30% of this $1.3 billion market.

Metasphere is advancing in tokenized assets, with a focus on carbon credits. Their partnership with Pure Sky Registry aims to deliver a blockchain-integrated carbon credit registry by July 1, 2024. CEO Natasha Ingram highlights the industry's growing acceptance of digital and carbon assets, positioning Metasphere to create substantial stakeholder value.