Metasphere Labs Inc. ("Metasphere" or the "Company") (Cboe Canada:
LABZ) (OTC: LABZF) (FRA: H1N) is proud to announce that Jimi Cohen,
founder of The Treegens (“Treegens”), a leader in the Web3
Regenerative Finance (ReFi) sector, has set a new world record by
planting 30,297 mangrove trees in a single day in the Majoreni of
Shimoni, Kenya. This remarkable achievement, currently under
evaluation by Guinness World Records, marks the third consecutive
year that Mr. Cohen has set the tree planting world record.
About
Treegens
Treegens, spearheaded by its passionate
community and the innovative Treegens DAO, is revolutionizing the
environmental impact sector through blockchain technology, AI, and
gamification. The platform focuses on mangrove trees initially,
aiming to expand to other species as the movement grows. Treegens
offers a transparent and rewarding mechanism for tree planting,
featuring the $MGRO Token and dynamic semi-soulbound NFTs that
document and verify the growth of each planted tree. This system
ensures direct impact verification and incentivizes both planters
and verifiers in a transparent manner.
Significance
of the Achievement
Jimi Cohen’s latest record highlights the
potential for gamification in environmental efforts, turning tree
planting into a competitive and engaging activity akin to major
sporting events. By setting this new standard, Mr. Cohen not only
pushes the boundaries of what individual commitment can achieve but
also demonstrates the effectiveness of Treegens platform in
facilitating large-scale reforestation projects.
Metasphere and
Treegens Partnership
Metasphere utilizes Treegens protocol as a
community engine for tree planting with reliable verification
through its Climate.bot solution. To date, Metasphere has
successfully planted and sold 20,000 trees as natural capital. This
synergy underscores the shared vision of both organizations to
harness cutting-edge Web3 technology for substantial environmental
impact.
Executive
Statements
Natasha Ingram, CEO of Metasphere, commented,
“This record is not just a testament to Mr.Cohen’s incredible
dedication but also a clear indication of what our collaboration
with Treegens can achieve. Together, we are setting new standards
in the reforestation domain, proving that innovative technology and
community involvement can reshape our environmental future.”
Jimi Cohen, founder of The Treegens, added,
“Every tree planted is a step towards a regenerative future. This
record aims to inspire a global movement where environmental
regeneration becomes a shared goal for all of us. Treegens is here
to ensure that every effort is recognized, every contribution
matters, and together, we can make a lasting impact.”
ABOUT METASPHERE LABS
Headquartered in Vancouver, British Columbia,
Metasphere Labs ("LABZ") 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.
For Further
Information
To learn more about Metasphere Labs and its
initiatives, please contact:Natasha Ingram, CEOEmail:
info@metasphere.earth X: https://twitter.com/MetasphereLabs
For more information about The Treegens and how
to get involved, please contact:Jimi Cohen, CofounderEmail:
jimi@fortrees.club X: https://twitter.com/JimiCohen
Forward-Looking
InformationThis news release contains
"forward-looking statements." Statements in this news release that
are not purely historical are forward-looking statements and
include any statements regarding beliefs, plans, expectations, or
intentions regarding the future. Such forward-looking statements
include, among other things, open metaverse projects and
development of virtual world projects.
The material assumptions supporting these
forward-looking statements include, among others, that: the Company
could mitigate the risks associated with the blockchain and NFT
industry; the ability to compete with other businesses in the NFT,
metaverse and blockchain markets; the availability of sufficient
funding to carry out the Company's business development plans;
favourable market conditions; and the market acceptance for its
products.
Although management considers these assumptions
to be reasonable based on information currently available to it,
they may prove to be incorrect. These forward-looking statements
are only predictions and involve known and unknown risks,
uncertainties and other factors, including: the continued growth
and adoption of NFT, metaverse and blockchain offerings; the cost
of developing and designing NFTs and metaverses is economically
viable; the Company being able to attract and retain a sufficient
workforce with desired skillsets to develop the Company's digital
offerings; the availability of offerings provided by third-parties
in the NFT, metaverse development and online gaming market to
identify potential transactions; the increasing adoption of NFTs as
a solution for various online gaming, entertainment and collectible
uses; the Company having the ability to mitigate the risks
associated with the blockchain and NFT industry; and the ability to
compete with other businesses in the NFT, metaverse development,
content creation and collectibles market.
Although management considers these assumptions
to be reasonable based on information currently available to it,
they may prove to be incorrect. These forward-looking statements
are only predictions and involve known and unknown risks,
uncertainties and other factors, including: the risk that the
Company's offerings are not accepted by the consumer, the risk that
other competitors may offer similar digital offerings; the risk
that there may be negative changes in general economic and business
conditions; the risk that the Company may have negative operating
cash flow and not enough capital to complete the development of any
of its technologies; the risk that the Company may not be able to
obtain additional financing as necessary; the risk that there may
be increases in capital and operating costs; the risk that the NFT
technology may be subject to fraud and other failures; the risk
that there may be technological changes and developments in the
blockchain that make the NFT solutions obsolete; risks relating to
regulatory changes or actions which may impede the development or
operation of the blockchain solutions; the risk that other
competitors may release similar blockchain offerings; the potential
future unviability of the NFT market in general; the volatile cost
of the amount of computational effort required to execute specific
operations on the blockchain, and other general risks involved in
the blockchain solutions.
Risks and uncertainties about the Company’s
business are more fully discussed in the Company’s disclosure
materials, including its reports filed with the Canadian securities
regulators and which can be obtained from www.sedarplus.ca.
Any of these risks may cause the Company’s
actual results, levels of activity, performance or achievements to
be materially different from any future results, levels of
activity, performance or achievements expressed or implied by these
forward-looking statements. Further, although the Company has
attempted to identify factors that could cause actual results,
levels of activity, performance or achievements to differ
materially from those described in forward-looking statements,
there may be other factors that cause results, levels of activity,
performance or achievements not to be as anticipated, estimated or
intended. These forward- looking statements are made as of the date
of this news release, and the Company assumes no obligation to
update the forward-looking statements, or to update the reasons why
actual results could differ from those projected in the
forward-looking statements, except as required by applicable law,
including the securities laws of the United States and Canada.
Although the Company believes that any beliefs, plans, expectations
and intentions contained in this news release are reasonable, there
can be no assurance that any such beliefs, plans, expectations or
intentions will prove to be accurate. The Company does not assume
any liability for disclosure relating to any other company
mentioned herein.
SOURCE: METASPHERE LABS
INC.