Seattle-based KaJ Labs Commits an Additional $450 Million to Accommodate 2.5T Terra Luna Classic Burn with Lithosphere (LITHO) Blockchain
Seattle, Washington--(Newsfile Corp. - October 10, 2022) - KaJ Labs, the core developer of Lithosphere (LITHO), announced that it will allot an additional $450 million to accommodate and accelerate the burn of Terra Luna Classic (LUNC) in its upcoming Finesse Shadow Warriors P2E game. That's in addition to the $100M that Lithosphere already allocated for the burn. The additional funds will facilitate a 20 percent increase in monthly burn quotas in the Finesse Shadow Warriors game in Q1 2023...
2022-10-10 1:00 AM EDT
Lithosphere (LITHO) Blockchain Releases Roadmap for Implementing Terra Classic & Burning 2.5 Trillion LUNC
Seattle, Washington--(Newsfile Corp. - October 6, 2022) - Lithosphere (LITHO), confirmed it will integrate Terra Luna Classic (LUNC) in its upcoming Jot Art Finesse game series launch on Dec. 18, 2022 with a goal to burn 2.5 Trillion Terra Luna Classic (LUNC) during FINESSE: Shadow Warriors' gameplay. Lithosphere core developer, KaJ Labs is bringing gaming utility to Terra Luna Classic (LUNC), while speeding up the burning process to manage LUNC's supply. The Lithosphere project and KaJ Labs...
2022-10-06 9:42 AM EDT
Lithosphere (LITHO) Blockchain Confirms Upcoming Burn of 2.5 Trillion Terra Luna Classic (LUNC) During FINESSE P2E Gameplay
Seattle, Washington--(Newsfile Corp. - October 3, 2022) - Lithosphere core developer, KaJ Labs, recently announced that it was planning to implement Terra Luna Classic (LUNC) as one of the networks in its cross-chain FINESSE games. The next-generation network has now made the decision official. It will burn 2.5 trillion in LUNC used in the network's new FINESSE game series. KaJ Labs will allocate $50 million to $100 million to facilitate the burn during the first season of Finesse. "The...
2022-10-03 1:01 AM EDT
Lithosphere (LITHO) Blockchain to Implement & Burn 2.5T Terra Luna Classic in FINESSE P2E Game, Finesse NFT Collection Drops on Oct 1
Seattle, Washington--(Newsfile Corp. - September 28, 2022) - Few NFT launches have been as eagerly awaited as the Lithosphere (LITHO) Jot Art Finesse NFT collection. Lithosphere creator, KaJ Labs, expects the NFT collection to sell out quickly when it's launched on Oct. 1, 2022 at O0:00 UTC for private sales. Public sales begin on the same day at 01:00 UTC. The INO launch will take place on a variety of platforms that include Liquidfty, DarePlay/DareNFT and NFTb. Jot Art's two-chapter gaming...
2022-09-28 8:12 AM EDT
Seattle-Based Crypto Startup KaJ Labs Offers to Contribute Funds to Tornado Cash Developer Alexey Pertsev's Legal Defense
Seattle, Washington--(Newsfile Corp. - September 19, 2022) - KaJ Labs is a staunch supporter of cryptocurrency, fairness and justice. To that end, the Lithosphere creators and builders have expressed their willingness to support the legal defense fund for Tornado Cash developer, Alexey Pertsev. The announcement came after the U.S. Treasury's Office of Foreign Assets Control (OFAC) enacted sanctions on the Tornado Cash crypt mixing platform. This is the first sanctioning of its kind by OFAC of...
2022-09-19 7:00 AM EDT
Lithosphere (LITHO) Developer Makes $1.2 Billion Offer to Acquire Majority Stake in Huobi Global Cryptocurrency Exchange
Seattle, Washington--(Newsfile Corp. - September 6, 2022) - KaJ Labs, core developer of the Lithosphere blockchain, announced its offer to acquire a 60% majority stake in Huobi Global Limited crypto exchange. If accepted, KaJ Labs is prepared to move swiftly on the acquisition. KaJ Labs will have exclusive negotiation rights and be informed of any other party making offers. If the two entities fail to come to an agreement, the LOI will expire within 60 days, no later than 5 p.m. Eastern...
2022-09-06 7:00 AM EDT
KaJ Labs to Raise $500 Million Fund for Lithosphere's Growth Initiatives & to Purchase Bitcoin (BTC)
Seattle, Washington--(Newsfile Corp. - August 11, 2022) - KaJ Labs announced its intention to raise $500 million for Lithosphere's Growth Fund. The initiative comes less than two months after KaJ Labs received a $400M commitment from GEM Digital (GEM) for Lithosphere's development. The funds will be used to grow the Lithosphere ecosystem and launch new initiatives. Some of the funds will also be used to purchase bitcoin and bitcoin mining equipment. The Lithosphere network aims to eliminate...
2022-08-11 7:00 AM EDT
Lithosphere (LITHO) Launches $145 Million Developer Grant Program, Commits to Supporting Ripple (XRP) in Legal Defense vs. SEC
Seattle, Washington--(Newsfile Corp. - July 26, 2022) - Lithosphere announced that it will be launching a $145 million developer grant and incubation program. The core team building Lithosphre, KaJ Labs will devote $100 million to fund and incubate Lithosphere's infrastructure projects and dApps. The remaining $45 million will be used to conduct regional and global mainstream development programs and bug bounties. Lithosphere also reaffirmed its support of Ripple vs. SEC. The Lithosphere...
2022-07-26 7:00 AM EDT
KaJ Labs Rescinds $250 Million LOI to Acquire Voyager Digital's Assets
Seattle, Washington--(Newsfile Corp. - July 21, 2022) - Lithosphere developer, KaJ Labs, announced today that it has rescinded its Letter of Intent (LOI) to acquire the digital assets of Voyager Digital Holdings. Lithosphere cited disagreements regarding the deal structure and the closing process for the decision. Voyager Digital provides a suite of APIs and mobile apps that allows trading of multiple types of digital assets. The KaJ Labs management team has been in contact with Voyager...
2022-07-21 9:39 AM EDT
Lithosphere (LITHO) Developer KaJ Labs Announces Letter of Intent to Acquire Voyager Digital Assets for $250 Million
Seattle, Washington--(Newsfile Corp. - July 11, 2022) - KaJ Labs announced that it has issued a Letter of Intent (LOI) to Voyager Digital Holdings to acquire the assets of the distressed crypto firm. KaJ Labs seeks to purchase the remaining qualified assets of Voyager Digital Holdings. Voyager Digital provides a functional suite of APIs and mobile apps to allow anyone to trade multiple types of digital assets. KaJ Labs has set aside $250 million for the acquisition which would primarily be...
2022-07-11 7:00 AM EDT
Lithosphere's (LITHO) Jot Art Metaverse Announces FINESSE Play-to-Earn RPG Highlighting Cross-Chain Gameplay
Seattle, Washington--(Newsfile Corp. - June 23, 2022) - Lithosphere announced the upcoming release of a new Jot Art play-to-earn (P2E) game series - "Finesse." The "Finesse" series currently features two chapters: "Shadow Warriors" and "The Kingdom." "Finesse" is a multi-series intense platformer with mixed RPG elements. NFTs from both games will be payable across the "Finesse" game series. The first chapter of Finesse is "Shadow Warriors." In this chapter, a legendary warrior fights through...
2022-06-23 10:05 AM EDT