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Liquid Avatar Technologies Opens Its Series A Financing in Aftermath Islands Metaverse and Receives Lead Share Purchase Agreement

Liquid Avatar Technologies | Release | Apr 17, 2023

Aftermath islands  - Liquid Avatar Technologies Opens Its Series A Financing in Aftermath Islands Metaverse and Receives Lead Share Purchase Agreement

Image: Aftermath Islands

Investment confirms approximate value of Aftermath Islands at $53 Million CDN

  • Toronto, Ontario and Bridgetown, Barbados--(Newsfile Corp. - April 17, 2023) - Liquid Avatar Technologies Inc. (CSE: LQID) (OTCQB: LQAVF) (FSE: 4T5) ("Liquid Avatar" or the "Company") is pleased to announce that its controlled subsidiary, Aftermath Islands Metaverse Limited ("Aftermath Islands") confirms receipt of a share purchase agreement for its lead investor in its private Series A round financing, at approximately $4.50 CDN per ordinary share. The lead investor is the principal of a Family Office and group of privately held funds in the UK and EU and includes an option to increase their position based on the Company reaching certain milestones, which the Company is well underway to achieving, but cannot be guaranteed. The purchase agreement values Aftermath Islands Metaverse Limited currently at approximately $53,000,000 CDN.
  • Aftermath Islands Metaverse Limited is continuing to work with additional VCs, Family Office, and High Net Worth Individuals to support the raise in its Series A round of up to $6,000,000 USD in aggregate, with approval to increase to a maximum of $7,500,000 USD and will provide further updates as they become available.
  • Aftermath Islands has generated over $2 million in retail sales, over 7,800 platform purchases, and provided high-fidelity gaming graphics for a real-world virtual experience with no download, making it accessible by a wide variety mobile, tablets and computers. Aftermath Islands has successfully launched its first servers and has incorporated Artificial Intelligence ChatGPT3 to enable Non-Player Characters (NPCs) to engage with players as subject matter experts. The platform also allows instant connections to legacy Web2 websites, eCommerce platforms, search engines, ticketing systems, gaming platforms, educational institutions, social media and more to create a holistic 360-degree experience for consumers and businesses.
    • In late October 2022, Aftermath Islands launched its first Play to Earn (P2E) game, Lost Kingdom of T'Sara, ("LKoT") allowing players to collect resources and exchange them for Resource Pack NFTs that can be used inside the open world platform to create value. To date, users have collected over 3.9 billion resources, successfully created over 4.7 million Resource Pack NFTs and user engagement is upwards of 70 minutes per day, with outliers spending several hours a day playing LKoT.

See:  Aftermath Islands Metaverse Launches Events Pavilion with Over 1.1 Million Player-Generated Resource Pack NFTs

David Lucatch, CEO of Liquid Avatar Technologies Inc. and Managing Director of Aftermath Islands Metaverse Limited:

The investment in Aftermath Islands open world concept with high fidelity graphics, no download and proven revenues supports our ability to move forward expeditiously and continues to gain momentum and traction in market.  As a Web3 pioneer and supporter of legacy Web2 platforms, Aftermath Islands has created a unique environment that provides users with a high-fidelity graphics experience with no download, creating a platform similar to the major streaming services but with multi-player usability. We believe that this approach is the launch point to integrating the future of online technologies, engagement, and commerce, while respecting and including today's vast network of online properties.

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NCFA Jan 2018 resize - Liquid Avatar Technologies Opens Its Series A Financing in Aftermath Islands Metaverse and Receives Lead Share Purchase AgreementThe National Crowdfunding & Fintech Association (NCFA Canada) is a financial innovation ecosystem that provides education, market intelligence, industry stewardship, networking and funding opportunities and services to thousands of community members and works closely with industry, government, partners and affiliates to create a vibrant and innovative fintech and funding industry in Canada. Decentralized and distributed, NCFA is engaged with global stakeholders and helps incubate projects and investment in fintech, alternative finance, crowdfunding, peer-to-peer finance, payments, digital assets and tokens, blockchain, cryptocurrency, regtech, and insurtech sectors. Join Canada's Fintech & Funding Community today FREE! Or become a contributing member and get perks. For more information, please visit: www.ncfacanada.org

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