Lithosphere Developer KaJ Labs Makes Offer to Acquire Remaining Assets of Luna Foundation Guard For Terra Classic USD's Reserve to Burn LUNC in FINESSE

KaJ Labs, developer of Lithosphere (LITHO), announced that it plans to buy Luna Foundation Guard's (LFG) assets for $26 million. The assets will be used for Terra Classic USD's (USTC) reserve and to burn LUNC and via the Finesse game series.

The announcement by KaJ Labs comes in the wake of LFG indicating it was unable to disperse its remaining assets to UST holders. LFG said this was due to pending and potential litigation.

The LUNC burn will take place with the launch of the first chapter of the Finesse game series, Shadow Warriors on Dec. 18, 2022. Lithosphere (LITHO) will allocate $15 million Terra Classic USD (USTC) to facilitate the LUNC burn in Finesse should the deal succeed.

Cannot view this image? Visit: https://images.newsfilecorp.com/files/8833/140928_lithosphere_550.jpg

Lithosphere Network

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/8833/140928_lithosphere.jpg

The first chapter in the Finesse game series is Shadow Warriors and Lithosphere has released a season preview of the game. Players can get their first look at the eagerly awaited game for Android or their Web browser.

KaJ Labs potential acquisition of Luna Foundation Guard's assets will help facilitate the LUNC burn when the Finesse game series officially launches on December 18, 2022.

###

About Lithosphere

Lithosphere is a next-generation network for cross-chain decentralized applications powered by AI and Deep Learning.

About KaJ Labs

KaJ Labs is a decentralized research organization focusing on AI and blockchain technology. We're driven to create innovative products that work for the greater good around the globe.

Media Contact

Dorothy Marley
Phone: (707)-622-6168
Email: media@kajlabs.com
KaJ Labs Foundation
4730 University Way NE 104-#175
Seattle, WA 98105
Website: https://kajlabs.org
Website: https://lithosphere.network

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/140928

News Provided by Newsfile via QuoteMedia

GAMING00
The Conversation (0)
East Side Games

The Office: Somehow We Manage Mobile Game Available Now

East Side Games Group (TSX: EAGR) (OTC: EAGRF) (" ESGG " or the " Company "), Canada's leading free-to-play mobile game group, in collaboration with Universal Games and Digital Platforms, announced today the worldwide launch of The Office: Somehow We Manage on iOS and Android. The free-to-play idle game is inspired by NBC's critically acclaimed, Emmy® Award-winning U.S. version of The Office which is now streaming exclusively on Peacock.

Watch the launch trailer here .

News Provided by Canada Newswire via QuoteMedia

Keep reading...Show less
Cell phone showing GameStop stock chart.

GameStop Surges Over 70 Percent in Flashback to 2021 Frenzy

Over three years after the infamous GameStop (NYSE:GME) short squeeze, the American retailer’s share price skyrocketed as much as 110 percent on Monday (May 13) before pulling back to a more than 70 percent gain.

The surge came on the heels of a social media post by "Roaring Kitty," also known as Keith Gill. His first online appearance since 2021 has reignited memories of the meme stock frenzy that captivated markets in 2021.

Gill, who gained notoriety for his bullish stance on GameStop, posted a meme on X (formerly Twitter) depicting a focused video gamer. It received widespread attention, accumulating over 81,000 likes and 9,000 comments in just a few hours.

Keep reading...Show less
NorthStar Gaming Chairman and CEO Michael Moskowitz.

NorthStar Gaming Leverages Content to Create Engaged, Active Players, CEO Says

NorthStar Gaming (TSXV:BET,OTCQB:NSBBF) is leveraging its rich, compelling content to better engage its customers, which ultimately leads to higher revenue, said NorthStar Chairman and CEO Michael Moskowitz, following an earlier announcement that the company is rolling out enhancements to the Sports Insights content on its platform.

“From the time that we founded NorthStar Gaming, we took the view that providing compelling content would lead to higher engagement with our customers,” he said. "And we're finding just that. We're planning to launch Sports Insights 2.0 in the first half of 2024 with redesigned sports and homepages, live scoreboards and tickers, live odds, trending topics and a greater tie-in in terms of the player journey and promotional offers that we provide to them."

Moskowitz noted that leveraging content helps attract new customers, with several media organizations using the company’s content on their own sites. “Ultimately, these articles and this content will help to create awareness around the NorthStar Bets brand and platform, and ultimately drive traffic to our site, which will convert into revenue.”

Keep reading...Show less
hand touching phone

Game-changing Prospects for the iGaming Market

iGaming has grown considerably in recent years. Driven by innovations in web technology and a changing regulatory landscape, online casinos and sportsbooks are more popular than ever.

To understand how the landscape may change moving forward, investors should assess how the industry has evolved in recent years.

Keep reading...Show less
smartphone on podium

Top Trends Shaping the Canadian iGaming Market

From emerging technologies to evolving regulations, the trajectory of iGaming has changed substantially in recent years as the market has experienced significant growth.

In 2022, Ontario's provincial government introduced game-changing legislation that established a regulatory framework for iGaming. Due to this legislation, regulated iGaming successfully displaced the unregulated market, according to Attorney General Doug Downey, creating over 1.6 million active player accounts across more than 70 operator websites as of April 2023 — just over one year following the change.

Ontario's regulation has also laid the groundwork for widespread change in the iGaming space across Canada. As iGaming continues to evolve, it's important to have a deeper understanding of both new and existing trends that will shape the industry's future, as well as regulations.

Keep reading...Show less
NorthStar Gaming Holdings

NorthStar Gaming Holdings


Keep reading...Show less

Latest Press Releases

Related News

×