Live Current Media, Inc. entered into a non-binding letter of intent to acquire Gofamer Oy for $0.27 million.

Live Current Media, Inc. is a media technology company involved in the creator economy. The Company is engaged in operating the social video streaming application, Kast. Kast is a virtual living room where friends gather to watch movies and play games. The Company acquires and integrates technologies that automate key processes in content and community creation, bringing together businesses and technologies to provide an end-to-end resource for creators who do not have a meaningful piece of the creator economy. Its platform features a set of creative tools and community-building technologies that power video community creation, augmented reality and virtual reality (AR and VR) discovery, social media amplification, personal and business brand management, sponsorship, and alternative revenue creation for the global creative community. The Company’s ecosystem helps creators manage the four pillars of independent creativity: creation, amplification, participation, and monetization.