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Project Overview
ZeroStack is a digital asset treasury company that primarily purchases 0G, formerly known as Flora Growth Corp.
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MemeCore Announces $1 Billion Strategic Deal with ZeroStack
Odaily News: MemeCore has announced that its core team members have reached a strategic deal worth $1 billion with Nasdaq-listed crypto infrastructure asset management company ZeroStack (NASDAQ: ZSTK).According to the announcement, MemeCore will contribute related assets to ZeroStack in exchange for ZeroStack equity and pre-funded warrants. The deal aims to strengthen the connection between the MemeCore ecosystem and the U.S. public capital markets, while driving development in decentralized AI, digital assets, and blockchain infrastructure.MemeCore stated that this partnership will further integrate its Meme economy ecosystem, decentralized AI applications, and digital asset infrastructure, providing support for future ecosystem expansion and capital market financing. MemeCore previously launched a Layer 1 blockchain built for the "Meme 2.0" economy, featuring a Proof of Meme (PoM) consensus mechanism designed to connect community-driven assets.
Crypto treasury company ZeroStack suffers massive loss of $82.5 million, issues going concern warning
Financially, the company has only US$2.6 million in cash remaining, working capital is negative US$600,000, and accumulated losses amount to US$339.1 million. The company relies primarily on 0G token staking rewards and token sales to sustain operations—staking revenue in the first half of the year was US$3.8 million, and it sold approximately 4.9 million tokens to generate US$2.4 million for daily expenses.