LAKE Launches Its Water Shop

LAKE, a disruptive Real World Asset (RWA) company aiming to disrupt the trillion-dollar global water economy, has officially launched the LAKE Water Shop, now live within its growing RWA blockchain-based ecosystem.

Built on LAKE’s pioneering “Spring to Consumer” (S2C) model, this Water Shop is a user-friendly Web3 water marketplace deployed on the Polygon blockchain. It allows EU-based $LAK3 holders to purchase premium spring water directly from verified sources, with delivery managed entirely by LAKE. This launch reinforces LAKE’s mission to broaden and decentralize access to this vital resource, creating new borderless distribution channels.

This unique model is transforming the way we’ve interacted with water — replacing traditional intermediaries with blockchain-powered transparency and direct access, where LAKE sets the new standard: just like sourcing produce straight from a farm, you get pure, high-quality spring water directly from the source — no middlemen.

Powered by the LAK3 token — the company’s token launched in January — the Water Shop provides a solid utility for the token. LAK3 acts as a true cryptocurrency and is the sole means of payment accepted on the platform. LAK3 serves as the universal cryptocurrency for water and is the only asset specifically designed to unlock real-world access and opportunities in the profitable and growing water market.

The LAKE Water Shop is more than a marketplace — it’s a technological achievement. The platform integrates blockchain technology with real-world logistics, syncing in real time with LAKE’s partnered water sources, storage facilities, and delivery systems.

The Water Shop also serves as a logistics pilot, enabling LAKE to test and optimize its full supply chain—starting in Europe—laying the groundwork for the global rollout of Digital Water, the company’s upcoming flagship service. Digital Water transforms premium spring water into secure, portable, and globally accessible digital assets, which are convertible on demand—effectively turning digital water rights into real-world water deliveries worldwide. For the first time, retail, including individuals, will gain access to these assets, enabling participation in the water industry and unlocking financial opportunities that were previously out of reach.

The Water Shop paves the way for a more efficient, strategic, and borderless water economy led by Digital Water, the next global asset class.

This launch is just the first step in LAKE’s ambitious roadmap. As part of its RWA ecosystem, LAKE is developing a suite of innovative services—including Digital Water, Community-to-Business (C2B) Water Deals, LAKE Launchpad, and DeFi protocols—designed to make everyone an active player in the global water economy.

The Water Shop marks the beginning of an ongoing journey into the Future of Water—built upon innovation, transparency, and real-world utility.

About LAKE

LAKE is a Real World Asset (RWA) company transforming the global water economy through its blockchain-based ecosystem and LAK3 token, empowering everyone to seamlessly buy, own, trade, invest in, and secure high-quality spring water — making every user an active player in the trillion-dollar water economy.

LAKE introduces the world’s first ecosystem to digitalize and financialize water, turning spring water into Digital Water, the next strategic global asset class, enabling borderless access, ownership, and monetization of water globally.

By combining Digital Water with the LAK3 token, LAKE pioneers a new paradigm where water is not only consumed but also owned, traded, and secured as a strategic investment.

Website: https://lak3.io/

Source: https://beincrypto.com/lake-launches-water-shop/

Highlights: US prosecutors requested a 12-year prison sentence for Do Kwon after the Terra collapse. Terraform’s $40 billion downfall caused huge losses and sparked a long downturn in crypto markets. Do Kwon will face sentencing on December 11 and must give up $19 million in earnings. US prosecutors have asked a judge to give Do Kwon, Terraform Labs co-founder, a 12-year prison sentence for his role in the remarkable $40 billion collapse of the Terra and Luna tokens. The request also seeks to finalize taking away Kwon’s criminal earnings. The court filing came in New York’s Southern District on Thursday. This is about four months after Kwon admitted guilt on two charges: wire fraud and conspiracy to defraud. Prosecutors said Kwon caused more losses than Samuel Bankman-Fried, Alexander Mashinsky, and Karl Sebastian Greenwood combined. U.S. prosecutors have asked a New York federal judge to sentence Terraform Labs co-founder Do Kwon to 12 years in prison, calling his role in the 2022 TerraUSD collapse a “colossal” fraud that triggered broader crypto-market failures, including the downfall of FTX. Sentencing is… — Wu Blockchain (@WuBlockchain) December 5, 2025 Terraform Collapse Shakes Crypto Market Authorities explained that Terraform’s collapse affected the entire crypto market. They said it helped trigger what is now called the ‘Crypto Winter.’ The filing stressed that Kwon’s conduct harmed many investors and the broader crypto world. On Thursday, prosecutors said Kwon must give up just over $19 million. They added that they will not ask for any additional restitution. They said: “The cost and time associated with calculating each investor-victim’s loss, determining whether the victim has already been compensated through the pending bankruptcy, and then paying out a percentage of the victim’s losses, will delay payment and diminish the amount of money ultimately paid to victims.” Authorities will sentence Do Kwon on December 11. They charged him in March 2023 with multiple crimes, including securities fraud, market manipulation, money laundering, and wire fraud. All connections are tied to his role at Terraform. After Terra fell in 2022, authorities lost track of Kwon until they arrested him in Montenegro on unrelated charges and sent him to the U.S. Do Kwon’s Legal Case and Sentencing In April last year, a jury ruled that both Terraform and Kwon committed civil fraud. They found the company and its co-founder misled investors about how the business operated and its finances. Jay Clayton, U.S. Attorney for the Southern District of New York, submitted the sentencing request in November. TERRA STATEMENT: “We are very disappointed with the verdict, which we do not believe is supported by the evidence. We continue to maintain that the SEC does not have the legal authority to bring this case at all, and we are carefully weighing our options and next steps.” — Zack Guzmán (@zGuz) April 5, 2024 The news of Kwon’s sentencing caused Terraform’s token, LUNA, to jump over 40% in one day, from $0.07 to $0.10. Still, this rise remains small compared to its all-time high of more than $19, which the ecosystem reached before collapsing in May 2022. In a November court filing, Do Kwon’s lawyers asked for a maximum five-year sentence. They argued for a shorter term partly because he could face up to 40 years in prison in South Korea, where prosecutors are also pursuing a case against him. The legal team added that even if Kwon serves time in the U.S., he would not be released freely. He would be moved from prison to an immigration detention center and then sent to Seoul to face pretrial detention for his South Korea charges. eToro Platform Best Crypto Exchange Over 90 top cryptos to trade Regulated by top-tier entities User-friendly trading app 30+ million users 9.9 Visit eToro eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk. Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment, and you should not expect to be protected if something goes wrong.