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Liquid Avatar Technologies (OTCQB:LQAVF) announced its subsidiary, Oasis Digital Studios, is partnering with Primo Gardens Inc. to create Cannabis Cove, a virtual island group supporting the cannabis industry. These islands will utilize Liquid Avatar’s digital identity solutions to ensure age verification and restricted access. The global CBD market is expected to grow at a CAGR of 21.2%, reflecting strong demand. Oasis will receive up to 30% of the revenue from sales on Aftermath Islands, enhancing potential earnings. The showcase is planned for 2022.
Liquid Avatar Technologies has announced the development of Vegas Island, a virtual entertainment and gaming hub in collaboration with Aftermath Islands and the creator of Vegas.com. Set to launch in mid-2022, Vegas Island will incorporate digital identity solutions for age verification and access control, leveraging Liquid Avatar's technology. The global online gambling market is projected to reach USD 158.2 billion by 2028, highlighting potential growth for virtual gaming. Additionally, Liquid Avatar will showcase its innovations at the upcoming Los Angeles Comic Con.
Liquid Avatar Technologies Inc. (CSE:LQID, OTCQB:LQAVF) announced its subsidiary, Oasis Digital Studios Limited, is launching new virtual homes for the Aftermath Islands metaverse, following a successful Phase 1 sale of Virtual Land NFTs. Homes start at $40 USD and will be available for purchase, with additional themed island concepts introduced. The company will showcase its offerings at the upcoming Los Angeles Comic Con, where it anticipates significant engagement. The exclusive agency agreement with Aftermath Islands allows Oasis to earn up to 30% of revenue from sales, enhancing potential future growth.
Liquid Avatar Technologies has joined a consortium of 21 industry leaders to support Indicio.tech, focusing on blockchain-based decentralized identity. This collaboration will allow Liquid Avatar to host a copy of Indicio's public ledger, enhancing privacy-preserving digital identity solutions. The initiative aims to empower users to manage and control their digital identities effectively. Liquid Avatar's strategic investment in Indicio includes less than 5% equity. This partnership marks a significant step towards revolutionizing digital services and identity verification.
Liquid Avatar Technologies announced a strategic investment of US$100,000 in Indicio.tech, a leader in decentralized identity solutions. Following this investment, Liquid Avatar will hold less than 5% equity in Indicio, contributing to a total of US$1.25 million in funding for the company. Both firms are collaborating on the Liquid Avatar Verifiable Credentials Ecosystem, which aims to facilitate the secure issuance and verification of COVID-19 test results, enhancing user control over their digital identity.
Liquid Avatar Technologies Inc. will present at the Emerging Growth Conference on June 23, 2021. The company, which focuses on blockchain and digital identity solutions, is eager to showcase its Self Sovereign Identity solutions to investors and analysts. CEO David Lucatch will lead the 45-minute presentation at 10:00 AM Eastern, allowing attendees to engage in real-time. An archived version will be available for those unable to attend live. The event emphasizes innovative growth sectors and aims to connect public companies with potential investors.
Liquid Avatar Technologies Inc. announced an Early Exercise Warrant Incentive Program approved by the Canadian Securities Exchange. The program targets 34,215,573 outstanding warrants with a $0.20 exercise price, expiring between November 2021 and December 2022.
If fully exercised, the company expects to raise approximately $6.84 million and issue around 49.9 million common shares. The proceeds will support expansion initiatives, including the Liquid Avatar Mobile App and ongoing SaaS projects.
Liquid Avatar Technologies Inc. has commenced trading on the OTCQB Venture Market under the symbol LQAVF. This move expands the company's reach to U.S. investors, enhancing liquidity and market presence. Previously traded as TRWRF, it aims to broaden its capital market activities. The company is also applying for DTC eligibility to streamline share transfers. Additionally, it offers a verified Self Sovereign Identity platform through its Liquid Avatar App, which allows users to manage their digital identity effectively.