Metasphere Labs Inc. Unveils Bitcoin-Based Identity System, and Enters Exclusive Licensing Talks with Bot Ventures Inc.

VANCOUVER, British Columbia, April 23, 2024 (GLOBE NEWSWIRE) -- Metasphere Labs Inc. (formerly Looking Glass Labs Ltd., "Metasphere" or the "Company") (Cboe Canada: LABZ) (OTC: LABZF) (FRA: H1N) is proud to announce an initiative to develop a pioneering bitcoin-based identity system, leveraging the "Spaces Protocol" to enable decentralized digital identities. This system uses Bitcoin's infrastructure to offer a scalable and permissionless identity framework, enhancing online authenticity and security.

Combatting AI-Driven Spam and Disinformation

In response to the growing challenge of AI-driven spam and disinformation, Metasphere's new system aims to authenticate real human and multimedia interactions. This initiative is a key step toward ensuring the integrity of online content and communications.

Exclusive Licensing Negotiations with Bot Ventures Inc.

Metasphere is currently in exclusive negotiations to license this platform to Bot Ventures Inc. (“Bot Ventures”), a pioneer in the chatbot industry known for its directory and verification service, botpages.com. Bot Ventures plans to sunset its existing platform and develop a new decentralized identity and certification layer for the Internet, utilizing the tools created by Metasphere. This collaboration represents a significant advancement in creating a secure, decentralized digital ecosystem.

Natasha Ingram, CEO of Metasphere stated, "Our potential partnership with Bot Ventures would mark a pivotal moment in our mission to secure digital identities. By combining our innovative technology with Bot Ventures' industry leadership, we would be setting new standards for online authenticity and trust."

A Decentralized Solution for Digital Security

Acting as a decentralized certificate authority, Metasphere's system facilitates secure digital identities and transactions. This approach mitigates the risks associated with centralized control, offering a robust solution for digital content authentication and online interaction verification.

Leveraging Bitcoin for Enhanced Security

By building on the secure and scalable infrastructure of Bitcoin, Metasphere is at the forefront of enhancing online security and user authenticity. This initiative underscores the company's commitment to leveraging cutting-edge technology for a more trustworthy digital future.

ABOUT METASPHERE LABS

Headquartered in Vancouver, British Columbia, Metasphere 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.