02:02:54 EDT Wed 22 May 2024
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Liquid Avatar Technologies Inc
Symbol LQID
Shares Issued 134,884,976
Close 2021-10-13 C$ 0.115
Market Cap C$ 15,511,772
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Liquid Avatar's Oasis to become agency for Aftermath

2021-10-13 12:55 ET - News Release

Mr. David Lucatch reports


Oasis Digital Studios Ltd., a wholly owned subsidiary of Liquid Avatar Technologies Inc., has signed an agreement to be the exclusive agency for virtual land and items, NFTs (non-fungible tokens), business development, and promotion for a new, in-development metaverse, Aftermath Islands, which will provide on-line users with theme-based, first-person, augmented reality (AR) and virtual reality (VR) experiences, quests, games and integrated e-commerce activities, creating a virtual world supported by users and brands.

Oasis will receive up to 30 per cent of the revenue from all sales, including primary virtual land (VL) and items, a portion of land and item resales, property management fees, together with a significant grant of VL and exercisable equity in the platform. The Liquid Avatar mobile app is also slated to play a role to support digital credentials required to manage Aftermath Islands metaverse accounts and asset verification.

In Aftermath Islands, a thematic virtual world consisting of genre-specific islands, communities and estates, users can buy, develop, trade and sell VL, other property and assets such as buildings, crafted items, transport, and others -- all through NFTs, non-fungible tokens that represent the ownership of virtual and other assets. Each plot or parcel of VL is unique and owners get to choose what content they want to publish on their VL. This can range from simple scenery and structures to an interactive game, store, warehouse, dwelling, facility or destination. Users can purchase VL as well as all other goods and services in Aftermath Islands with credits, the current code name for in-game currency, fiat and other authorized currencies, digital coins, and tokens. Initially, VL will be available as NFTs, convertible into property when the metaverse launches, which is expected mid-2022. Limited VL will be available in virtual single lots measuring approximately 1,000 square metres, allowing for a dwelling, game or business, where applicable, to operate on the property. A selection of multiple lots and larger parcels will also be available on a first-come, first-served basis. The first five theme-based islands, five community islands, 10 estate islands and other items are expected to become available for sale later this month, October, 2021, according to Aftermath Islands, with up to 7,500 parcels of virtual land NFTs with a potential retail value of up to $1.4-million (U.S.) available in phase 1. Additional phases are being developed that will include new and exciting themes, communities and estates.

Aftermath Islands, with the support of Oasis, is exploring brand partnerships that will allow consumer, entertainment, sports and commercial organizations to build and manage their own experiences inside the Aftermath Islands metaverse and co-operative programs with other metaverses that will allow interoperability across platforms.

All Aftermath Islands players will also have access to create a Liquid Avatar account allowing them to manage their digital identity and certain crossover assets and activities connecting their in-game activities to their real-world activities and engagement. Potential opportunities include managing avatars, items, integrated augmented reality (AR) events and programs, and purchasing conventional items like sneakers or trainers through KABN Kash and receiving exclusive bonuses, like a matching digital pair for use in Aftermath Islands.

"Metaverses are potentially poised to be the next breakthrough in on-line entertainment, e-commerce, virtualization and virtual asset ownership. Major companies like Facebook, Epic and others are staking their claims to this evolution and its dynamic growth opportunity. We believe that Oasis's exclusive agreement and potential equity partnership with Aftermath Islands provides the opportunity for our organization to get in early on this new and exciting area of on-line growth, digital asset development and credential management," said David Lucatch, managing director of Oasis Digital Studios and chief executive officer of Liquid Avatar Technologies. "Metaverse applications have the ability to integrate real and virtual worlds together, creating more opportunities for avatars and digital identity to exist cross-verse and opening up new and innovative growth and revenue programs for Oasis, the Liquid Avatar mobile app and Liquid Avatar Technologies."

Aftermath Islands advises that, in the coming months, updated white papers and technical reviews, the initial governing counsel, additional themes, new communities, and estates will open, allowing players to own virtual land across a wide range of islands. For commercial, entertainment, financial, game, product and other brands, select island environments will allow commercial operations and ownership, allowing for enterprises to create economic opportunities.

About Aftermath Islands

Aftermath Islands, as first described in the initial white paper published in 2017 and then subsequently updated, was based on the premise of a water world with islands that represented destinations in a global virtual game. Since then, the Aftermath Islands metaverse has evolved and now represents exciting theme-based islands, communities and estates where players can experience a wide range of adventures and opportunities.

In Aftermath Islands' virtual world, users can buy, develop, trade and sell virtual land (VL), property and assets, like buildings, crafted items, transport and other items, all through NFTs, non-fungible tokens that represent the ownership of virtual and other assets. Each plot or parcel of VL is unique and owners get to choose what content they want to publish on their VL. This can range from simple scenery and structures to an interactive game, store, warehouse, dwelling, facility or destination. Users can purchase VL as well as all other goods and services in Aftermath Islands with credits, the current code name for in-game currency, fiat and other authorized currencies, coins and tokens.

Aftermath Islands is a shared virtual world, much like the metaverse described by author Ernest Cline in his science fiction novels Ready Player One and Ready Player Two. Expected to launch mid-2022, Aftermath Islands will allow users to connect and interact with each other, create content, craft, participate in activities and quests, and play games. Aftermath Islands will have a virtual economy where users can engage in a myriad of in-world economic transactions as well as monetize the content, items, quests and applications they build.

About Oasis Digital Studios Ltd.

Oasis Digital Studios brings together leading individuals and organizations in blockchain technology, computer graphics, augmented reality, entertainment, art, sports, gaming, music, media, comic book, memorabilia and pop culture arenas to support the fast-paced and growing digital collectible and NFT marketplace. The Oasis business model is to create storytelling, experiential and collectible partnerships with artists, sports personalities, talent, brands, and commercial enterprises to create digital offerings and digital/physical product programs through digital collectibles and NFTs. Oasis uses multimedia, cinematics, animations and other techniques to create unique products together with the latest augmented reality and virtual technologies to tell artist and talent stories, providing immersive experiences for digital collectibles and NFTs. The Oasis AR-enhanced NFT experience, powered by ImagineAR, will be available exclusively through the Liquid Avatar mobile app, which features the ability for users to create digital icons that allow them to manage, control and create value from their biometrically verified digital identity and is available on Google Play and in the Apple App Store.

About Liquid Avatar Technologies Inc.

Liquid Avatar Technologies focuses on the verification, management and monetization of self-sovereign identity, empowering users to control and benefit from the use of their on-line identity.

The Liquid Avatar mobile app, available in the Apple App Store and Google Play, is a verified self-sovereign identity platform that empowers users to create high-quality digital icons representing their on-line personas. These icons allow users to manage and control their digital identity and verifiable access and identity credentials and to use Liquid Avatars to share public and permission-based private data when they want and with whom they want.

The Liquid Avatar Verifiable Credentials Ecosystem (LAVCE) has been developed with technical assistance from Indicio.tech, a global leader in decentralized digital identity development, and it supports all participants in a digital credential ecosystem, including the holder, issuer and verifier, using state-of-the-art blockchain and open standards technologies, initially as a node on the Indicio network. The company is a voting and steering committee member of the Trust over IP Foundation; a founding and steering committee member of Cardea, a Linux Foundation Public Health project; a member of the Good Health Pass collaborative, ID2020, the Digital Identification and Authentication Council of Canada (DIACC), the COVID-19 Credentials Initiative (CCI), and the Linux Foundation; and a founding member of the Lumedic Exchange.

The company has a suite of early-stage revenue-generating programs that support the Liquid Avatar mobile app program, including KABN Kash, a cashback and reward program that has over 500 leading on-line merchants and, coming soon, an integrated offering engine. In Canada, the company also has the KABN Visa Card, a challenger financial platform that allows users to manage and control a range of financial services for traditional and digital currencies. The company is currently exploring expansion of the KABN Visa Card program to other geographic regions, including the United States.

The company's subsidiary, Oasis Digital Studios, is a creative and development agency that supports a wide range of artists, talent and enterprises with non-fungible token (NFT) solutions.

Liquid Avatar Technologies is publicly listed on the Canadian Securities Exchange under the symbol LQID.

The company also trades in the United States on the OTCQB under the symbol LQAVF and in Frankfurt under the symbol 4T51.

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