Lambda256 Stock (LTFS)

Lambda256 (CEO Jay Park), established as an independent corporation in March 2019, is the blockchain tech arm of Dunamu. Lambda256 developed and operates Luniverse, a cloud-based blockchain infrastructure and Web3 development platform that is paving the way for the commercialization of blockchain technology and the creation of a vibrant ecosystem. Since its establishment, Lambda256 has been developing and operating Luniverse, a blockchain infrastructure and Web3 development platform that has the capacity to discover and grow blockchain technology companies, tokenize tangible and intangible assets through NFT and STO, as well as create new businesses based on these technologies to popularize blockchain in the era of Web3. Series A funding in March 2021, and Series B in December 2021 achieved a cumulative amount of $85M Also, Lambda CEO Jay Park received an award from the Ministry of Science and Technology in the blockchain sector at the 2022 Blockchain Grand Week. In particular, in order to expand the global NFT business, Lambda256 established CYPHRLY in the US, which operates its own NFT marketplace and in-house creative studio, CYPHRLY Studio. Lambda256 supported the development and operation of various NFT marketplaces such as Upbit NFT and Momentica, and is also conducting NFT technology and business partnerships with both overseas and Korean companies such as Barunson, Lotte Home Shopping, and Hyundai Department Store. Lastly, in 2019 Lambda256 commercialized the world’s-first Travel Rule solution ‘Luniverse Travel Rule’, in response to digital asset Travel Rule regulations. The Travel Rule solution was commercialized via VerifyVASP, a partner of Lambda256. On March 25th, 2022, the revised regulation took effect in Korea, and since then Korean digital asset exchanges, including Upbit, are using VerifyVASP.