Layer 1 Blockchain Lithosphere (LITHO) Rejects $230 Million Investment From PulseChain and HEX Creator
Lithosphere describes a decision to decline a proposed financing arrangement as its AI-native Layer 1 advances through the first week of public mainnet operations.
Seattle, Washington Oct 21, 2026 (Issuewire.com) - Lithosphere, the AI-native Layer 1 blockchain developed by KaJ Labs, states that it has declined a proposed US$230 million investment attributed to Richard Heart, creator of HEX and PulseChain. The company describes the matter as a rejected financing proposal, not as funds received, capital secured or a completed investment.
The proposed transaction was not completed. The proposed financing structure, conditions and date of the approach have not been provided for verification, and Lithosphere has not announced any funds received from this offer.
The announcement comes after Lithosphere activated its public mainnet on October 13, 2026, followed by the LITHO Token Generation Event on October 15. These milestones moved the network into a production phase focused on developer deployment, validator participation and applications designed for autonomous operation.
Lithosphere is developing AI-native execution through Lithic, privacy-aware identity through PPAL, discovery through DNNS, cross-chain coordination through MultX and structured agent activity through LEP100. These components are designed to support autonomous applications and verifiable onchain interaction.
The decision concerns a proposed investment, not a decision about participation by PulseChain users or independent developers. Any future market or cross-chain support would require separate technical, security and liquidity review.
About Lithosphere
Lithosphere is an AI-native Layer 1 blockchain ecosystem developed by KaJ Labs for Web4, autonomous agents, intelligent applications, and cross-chain digital infrastructure. Its technology stack is designed to support execution, identity, coordination, verification, wallet access, settlement, interoperability, and developer activity across connected decentralized systems.
Website: https://lithosphere.network
Source :KaJ Labs
This article was originally published by IssueWire. Read the original article here.
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