KaJ Labs cancels $250 million letter of intent to acquire assets of Voyager Digital

Seattle, Washington – (Newsfile Corp. – July 21, 2022) – Developer Lithosphere, KaJ Laboratories, announced today that it has rescinded its Letter of Intent (LOI) to acquire the digital assets of Voyager Digital Holdings. Lithosphere cited disagreements regarding the structure of the agreement and the process for closing the decision. Voyager Digital provides a suite of APIs and mobile apps that enable trading of multiple types of digital assets.

The KaJ Labs management team had been in contact with Voyager Digital CEO Stephen Ehrlich over the previous week to reach an agreement, but without success.

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Lithosphere Network

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“We are disappointed with today’s announcement, but not discouraged,” said KaJ Lab CEO Joel Kasr. “We will remain focused and continue to seek similar agreements.”

The Lithosphere network promises to eradicate bottlenecks found in existing blockchain networks. Lithosphere is the first blockchain to use embedded deep neural networks to make smart contracts smart, while enabling interoperability between various blockchains.

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About KaJ Labs

KaJ Labs is a decentralized research organization focused on AI and blockchain technology. We are driven to create innovative products that work for the greater good around the world.

About the lithosphere

Lithosphere is the next-generation network for cross-chain applications powered by AI and Deep Learning.

Media inquiries
Catherine Sander
Phone: (707)-622-6168
E-mail: [email protected]
KaJ Labs Foundation
4730 University Way NE 104-#175
Seattle, WA 98105
Website: https://kajlabs.org
Website: https://lithosphere.network

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