KaJ Labs Announces Lithosphere’s NFT Platform – The Jot Art Metaverse, Allocates $105M Towards Ripple’s Legal Defense Fund vs SEC

The platform, called Lithosphere –which is an innovative new AI blockchain platform, has just announced the official launch of the Jot Art Metaverse in the first quarter of 2022. The launch will be highlighted by three new Play-to-Earn (P2E) cross-chain games. The first title, Heroes of the Jungle’s NFT characters and objects, are available for collection on Opensea.

This announcement was made by Joel Kasr, founder of KaJ Labs. Kasr is the creator of Lithosphere, the first blockchain to utilise Deep Neural Networks (DNN) in smart contracts. Litho is the native token of the Lithosphere blockchain.

Its foundation announced its extending support to the crypto industry. KaJ Labs aims to support crypto legal proceedings that will positively impact the entire crypto ecosystem. Following its philosophy of social responsibility, and intends to donate $5 million towards Ripple Labs’ legal defence fund against charges filed by the SEC. Ripple Labs created a network that provided fast, low-cost value transfer in the form of XRP cryptocurrency. The XRP cryptocurrency paved the way for innovations such as Lithosphere.

The SEC claims that selling XRP is the offering of an unregistered currency or an illegal IPO. The litigation is now a benchmark case that amply demonstrates the lack of clarity in regulation surrounding cryptocurrencies.

“Blockchain companies resist publicly supporting Ripple, fearing reprisals and what it could mean for their future projects,” said Kasr. “The only way progress can be made is if we all work together and defend crypto openly. Hopefully, KaJ Labs’ support provides the resources and confidence for others to come forward and join the fight to save crypto.”

The first game in the Jot Art Metaverse will be Heroes of the Jungle. In the Play-to-Earn game, objects and characters are represented by NFTs on either Ethereum or BSC. Each character is a unique piece of art and personality that provides access and many benefits in the future. Players can earn JOT tokens during gameplay and trade those for money at exchanges.

Users of this platform will buy, breed, battle and earn JOT tokens that can be exchanged for cash at many exchanges. The Jot Art Metaverse supports NFTs from Ethereum and Binance Smart Chain (BSC). In the future, support will be implemented for chains like Polygon, Cardano, and others to be used in the same game.

Users can also look forward to the JOT NFT Platform, an NFT marketplace where users can create and distribute NFT costs effectively. Products also include FLEEK, a decentralised community-powered gig platform on the blockchain, and LUSD, an algorithmic cross-chain Stablecoin.

About Lithosphere

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

About KaJ Labs

KaJ Labs is a decentralised research organisation focusing on Artificial Intelligence and blockchain technology. We’re driven to create innovative products that work for the greater good around the globe.

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