Metasphere Labs Inc. Completes Development of Pure Sky’s Native Blockchain Carbon Credit Registry Page 1

VANCOUVER, British Columbia, September 20, 2024 (GLOBE NEWSWIRE) — Metasphere Labs Inc. (“Metasphere” or the “Company”) (CSE: LABZ) (OTC: LABZF) (FRA: H1N), a leader in metaverse and Web3 strategies, is pleased to announce the successful completion of the development of Pure Sky Registry LLC’s (“Pure Sky”) blockchain-based carbon credit registry. This marks a significant milestone in leveraging blockchain technology to enhance transparency, efficiency and security in carbon credit management.

While most ReFi (Regenerative Finance) carbon credit projects focus on tokenizing legacy carbon credits, Pure Sky’s solution is built natively on the blockchain, following ISO 14000 carbon offset standards. This fully integrated approach provides a seamless and robust system designed for the future of environmental sustainability. The solution includes critical features such as on-chain voting for DAO (Decentralized Autonomous Organization) members, ensuring transparent governance and decision-making among stakeholders.