Luduson Acquires Stake in Metasense

Rhea-AI Summary

Luduson G Inc. (OTCQB: LDSN) has announced a significant investment of USD 5 million in Metasense B88, a pioneering Metaverse Venture Builder based in Portugal, aiming to strengthen its position in the Metaverse landscape. The partnership will facilitate the launch of innovative projects within Metasense's pipeline and broaden its global venture studio capabilities. The funding is expected to enhance customer experiences and advance Metasense's mission to build an Open Metaverse. Both companies anticipate that this collaboration will drive technological innovation and create value for stakeholders.

Positive

• Investment of USD 5 million aimed at driving innovation in the Metaverse.
• Partnership expected to enhance customer experiences and scale ventures.
• Strengthening of Metasense's global venture studio capabilities.

Negative

• None.

HONG KONG, March 20, 2023 /PRNewswire/ -- Luduson G Inc. (OTCQB: LDSN) is taking the lead in shaping the future of the Metaverse by announcing its intention to invest USD5M in Metasense B88 ("Metasense"), a pioneering Metaverse Venture Builder based in Portugal.

Metasense is poised to launch a series of cutting-edge projects already in its innovation pipeline while simultaneously creating new ventures, thanks to the support of Luduson's significant investment. The injection of capital will enable Metasense to grow its global venture studio offering and deliver even more value for its stakeholders.

"We are thrilled to have Luduson on board as a creator and curator of disruptive technology ventures," said Derick Smith, CEO of Metasense. "This funding will enable us to accelerate our innovative work and strengthen our partner ecosystem. Luduson's resources and insights will undoubtedly help us continue to drive innovation in the Metaverse and deliver more value to our customers."

The Metaverse is a virtual world powered by cutting-edge technologies such as AI, ML, Blockchain, and Augmented Reality, among others. It provides immersive experiences that simulate the physical world, enabling people to interact in virtual communities using avatars.

"Metaverse solutions are the future of digital transformation and customer engagement," said Wallis Wong, CEO at Luduson. "Metasense's approach gives founders the ability to find market fit, address global business imperatives, and ultimately scale their ventures."

Metasense is a venture builder that collaborates with entrepreneurs to craft ventures rooted in spatial data, delivering connected and intelligent customer experiences. Their mission is to build the Open Metaverse, a community of communities rooted in human values.

"I'm excited about today's announcement," said Rakesh Rajagopal, Chief Strategy Officer of Metasense. "This funding round is transformative and will benefit our customers, employees, and shareholders. We are creating a talent pool and solutions portfolio that will enable our venture founders to deliver superior experiences in the Metaverse."

The partnership between Luduson and Metasense is an exciting development in the Metaverse industry. Together, they will pioneer innovative projects that will set new standards in customer experiences and engagement. This investment is a testament to Metasense's exceptional work and Luduson's confidence in their team's ability to drive innovation. This funding round will enable Metasense to expand its global venture studio offering and create more value for all its stakeholders.

For more information on Luduson, please visit www.luduson.com.

Forward Looking Statements

This press release contains forward-looking statements. All statements other than statements of historical fact are forward-looking statements, which are often indicated by terms such as "anticipate," "believe," "could," "estimate," "expect," "goal," "intend," "look forward to," "may," "plan," "potential," "predict," "project," "should," "will," "would" and similar expressions. These forward-looking statements may include, but are not limited to, statements regarding future business activities including the expansion into the decentralized financing space. These forward-looking statements are not promises or guarantees and involve substantial risks and uncertainties. Among the factors that could cause actual results to differ materially from those described or projected herein include uncertainties associated with operating a business in Hong Kong, risk of interference by the PRC government, ability to compete, that financial resources do not last for as long as anticipated. A further list and description of these risks, uncertainties and other risks can be found in LDSN's regulatory filings with the U.S. Securities and Exchange Commission, including in its current report on Form 10-K filed on April 15, 2022. Existing and prospective investors are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. LDSN undertakes no obligation to update or revise the information contained in this press release, whether as a result of new information, future events or circumstances or otherwise.

About Luduson G Inc.

Based in Hong Kong, Luduson was founded in 2013 by a group of passionate and experienced game developer, interactive designers and digital solution innovators from the IT industry.

We are a business-to-business digital entertainment company that provide event marketing strategies with a combination of digital interactive solutions, content production, system development consultancy and maintenance services to our clients including shopping malls, exhibition venues, IP licensors and brands.

We also deliver a library of self-developed interactive game contents through our propriety device and secured network to retail stores, restaurants, bars and lounges for customer entertainment.

Twitter: https://twitter.com/Luduson1 
Facebook: https://www.facebook.com/Luduson

For media queries, please contact:
Parkson Yip ir@luduson.com 

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SOURCE Luduson G Inc.

FAQ

What is the purpose of Luduson's investment in Metasense?

Luduson's investment of USD 5 million in Metasense aims to support the launch of innovative projects and strengthen its global venture studio offerings in the Metaverse.

How will the investment impact shareholders of LDSN?

The investment is expected to create value for stakeholders by enhancing customer experiences and driving innovation in the Metaverse.

When was the investment announcement made by Luduson?

The investment announcement by Luduson was made on March 20, 2023.

What is Metasense's role in the Metaverse?

Metasense is a venture builder focused on creating ventures rooted in spatial data, aiming to enhance customer experiences within the Metaverse.

What is the strategic importance of the partnership between Luduson and Metasense?

The partnership is strategically important as it seeks to pioneer innovative projects and set new standards in customer engagement in the Metaverse.