Metasphere Labs Inc. announced that it has entered into a definitive agreement dated July 8, 2024 with Ecoblox and PureSky Registry LLC (PureSky), to co-develop a Carbon-Aware Routing Protocol. This protocol aims to reduce the carbon footprint of internet and data center operations by dynamically selecting network paths based on carbon intensity and managing real-time offsets. The Carbon-Aware Routing Protocol initiative, initially announced through a news release dated June 6, 2024, will optimize energy usage and reduce emissions associated with high-performance computing and digital operations.

This collaboration comes at a crucial time as the industry increasingly recognizes the importance of sustainability in technological advancements. The collaboration will operate through a newly incorporated company ("Consortium Company") whereby Metasphere will own 50% and the Ecoblox and Puresky will own the remaining 50% of the Consortium Company. The parties will jointly develop the Carbon-Aware Routing Protocol to enable internet routers to dynamically choose paths based on the carbon intensity of available network routes and account for offsets in real-time.

Metasphere will grant a royalty- free license to the Consortium Company to use the internet domain carbon.bot in connection with the collaboration. All intellectual property developed jointly by the parties through the Consortium Company will be owned by the Consortium Company. Each party to the consortium will retain ownership of its pre- existing intellectual property.

The Metasphere-Ecoblox-PureSky consortium plans to release the protocol and initial reference design for NVidia GPU clusters at Mobile World Congress Americas 2024, which is scheduled to be held between October 8th and October 10th, showcasing the potential for widespread adoption and impact. This Agreement will remain in effect until the release of the protocol and reference design at Mobile World Congress Americas 2024, subject to extension by mutual agreement of the parties.