MetaWorks Platforms signs LOI to acquire rights to energy conversion technology

MetaWorks Platforms has signed a Binding Letter of Intent to secure exclusive development rights in 4 US States to build out an innovative energy conversion technology developed by Fogdog Energy. The new technology is ready for the market and capable of transforming municipal waste and other sources into clean energy, carbon credits, and graphite. Certain terms and conditions will need to be met by MetaWorks to acquire and maintain these exclusive development rights as per the LOI. At the current rate of trash accumulation, Landfills are projected to fill up by 2040 and sooner in some places. Given that every 15.5 hours. Americans throw out enough plastic to fill the Dallas Cowboys home field, it’s no wonder that seven states are projected to run out of landfill space over the next five years, and that the entire United States is expected to run out of existing land-fill space in the next 60 years. In March of 2024 MetaWorks reported that it had converted a $400,000 loan issued in 2021 and $46,071 of interest into an 11% ownership stake in Canadian energy firm Fogdog Energy Solutions.