# EDGAR Filing Document

**Accession Number:** 0001755101
**File Stem:** 0000000000-23-001243
**Filing Date:** 2023-2
**Character Count:** 10055
**Document Hash:** 369184b2822c3d5c6a6e8573d5ae2554
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000000000-23-001243.hdr.sgml**: 20230510

**ACCESSION NUMBER**: 0000000000-23-001243

**CONFORMED SUBMISSION TYPE**: UPLOAD

**PUBLIC DOCUMENT COUNT**: 2

**FILED AS OF DATE**: 20230207

**FILED FOR**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** APPlife Digital Solutions Inc
- **CENTRAL INDEX KEY:** 0001755101
- **STANDARD INDUSTRIAL CLASSIFICATION:** SERVICES-COMPUTER PROCESSING & DATA PREPARATION [7374]
- **IRS NUMBER:** 824868628
- **STATE OF INCORPORATION:** NV
- **FISCAL YEAR END:** 0630

**FILING VALUES:**
- **FORM TYPE:** UPLOAD

**BUSINESS ADDRESS:**
- **STREET 1:** 50 CALIFORNIA ST
- **STREET 2:** SUITE 1500
- **CITY:** SAN FRANCISCO
- **STATE:** CA
- **ZIP:** 94111
- **BUSINESS PHONE:** 4154395260

**MAIL ADDRESS:**
- **STREET 1:** 50 CALIFORNIA ST
- **STREET 2:** SUITE 1500
- **CITY:** SAN FRANCISCO
- **STATE:** CA
- **ZIP:** 94111
**PUBLIC REFERENCE ACCESSION NUMBER**: 0001096906-23-000172

## Text-Extract

```

United States securities and exchange commission logo

                            February 7, 2023

       Matthew Reid
       Chief Executive Officer
       APPlife Digital Solutions Inc
       50 California St, #1500
       San Francisco, CA 94111

                                                        Re: APPlife Digital
Solutions Inc
                                                            Registration
Statement on Form S-1
                                                            Filed January 24,
2023
                                                            File No. 333-269389

       Dear Matthew Reid:

              We have limited our review of your registration statement to
those issues we have
       addressed in our comments. In some of our comments, we may ask you to
provide us with
       information so we may better understand your disclosure.

              Please respond to this letter by amending your registration
statement and providing the
       requested information. If you do not believe our comments apply to your
facts and
       circumstances or do not believe an amendment is appropriate, please tell
us why in your
       response.

              After reviewing any amendment to your registration statement and
the information you
       provide in response to these comments, we may have additional comments.

       Registration Statement on Form S-1

       Cover Page

   1.                                                   You disclose that Matt
Reid, your sole officer and director, beneficially owns 68.83% of
                                                        your outstanding common
stock. Please disclose on the cover page that you are
                                                        a "controlled company"
and the identity and beneficial ownership percentage of your
                                                        controlling
shareholder.
       The Offering, page 16

   2.                                                   We note that you
entered into an Equity Financing Agreement with GHS Investments
                                                        LLC on December 15,
2022. Please incorporate by reference or file the Equtiy
                                                        Financing Agreement as
an exhibit to your registration statement. Refer to Item 601 of
                                                        Regulation S-K.
 Matthew Reid
APPlife Digital Solutions Inc
February 7, 2023
Page 2
Description of Business
Products, page 20

3.       With respect to your planned Lollipop NFT platform, please describe
the policies and
         procedures that the company follows to avoid impermissibly engaging in
or facilitating
         transactions in unregistered securities. In addition, please address
the specific risks
         inherent in the operation of a marketplace, including those associated
with the company   s
         policies and procedures for determining that the NFTs the company may
offer in the
         future through the platform are not securities. Please describe the
limitations of any such
         policies and procedures and state that they involve risk-based
judgments by the company
         and are not a legal standard or determination binding on any
regulatory body or court.
         Please also describe the specific potential consequences if any of the
NFTs the
         company may offer in the future through the marketplace are determined
to be securities
         under U.S. law.
4.       With respect to your planned NFT platform, please identify the
blockchain that you intend
         to utilize and include a description of the processes and fees related
to the use of such
         blockchain. To the extent that you intend to develop your own
blockchain, please provide
         a discussion regarding the functional differences between the
blockchain you are
         developing and other popular blockchains used for minting NFTs
(Ethereum, Solana,
         etc.). Be sure to include a discussion of the impact of transaction
fees, lack of liquidity,
         and volatility as it relates to your NFT platform.
5.     Please provide a more detailed discussion of your planned NFT platform
with regards to
       its functionality and the range of crypto assets you intend to utilize.
To the extent you will
       accept crypto assets as payments, or otherwise acquire crypto assets,
provide a discussion
       regarding whether you have a specific policy in place regarding when and
how you will
       convert those crypto assets into fiat currency. Tell us whether you will
maintain any
       royalty interest or intellectual property ownership of the NFTs sold on
your platform. For
       example, explain whether the platform will permit creators or the
company to receive a
       portion of all subsequent sales of each NFT, or only on the initial
sale. Discuss the
       intellectual property underlying the NFTs and explain to us how disputes
over such rights
       will be resolved and your role in such resolution, including your role
in the enforcement
       of such rights. Additionally, disclose any risks relating to the
operation of such a platform
       and any regulatory requirements with which you are required to comply.
For example,
       discuss whether your NFT platform would be considered a    money
transmitter    requiring
FirstName LastNameMatthew Reid
       registration as a money services business pursuant to FinCEN
requirements. As another
Comapany    NameAPPlife
       example,   discuss theDigital Solutions
                                impact         Inc and transaction fees, lack
of liquidity, and
                                       of high gas
       volatility
February  7, 2023asPage
                     it relates
                          2     to the NFT platform.
FirstName LastName
 Matthew Reid
FirstName LastNameMatthew
APPlife Digital Solutions Inc Reid
Comapany7,NameAPPlife
February   2023           Digital Solutions Inc
February
Page 3 7, 2023 Page 3
FirstName LastName
6.       We note that your NFT platform will also serve as a "wallet for
non-fungible
         tokens." Please revise to clarify how you intend to hold the NFTs such
as whether they
         will be held in digital wallets, exchanges, or hardware wallets, and
the security
         precautions you will take to keep your and your customers crypto
assets secure. To the
         extent you intend to utilize a third-party for custody of your and
your customers crypto
         assets, provide a discussion of the custody arrangements and include
risk factors to
         address the relevant risks.
7.       Please supplementally provide us with your legal analysis as to
whether the NFTs offered
         and sold through your marketplace are securities under Section 2(a)(1)
of the Securities
         Act of 1933. In responding to this comment, please address your
operation of the
         marketplace. See Gary Plastic Packaging Corp. v. Merrill Lynch,
Pierce, Fenner & Smith,
         Inc., 756 F.2d 230 (2d Cir. 1985).
Signatures, page 60

8.       With respect to director signatures, we note that you appear to have
five directors and only
         one has signed. Please revise to provide the required signatures.
General

9.       We note that your sole officer and director, is also your sole
full-time employee and is
         located in China, that your marketing, business management, and
executive team operate
         from China, and that your offices in China exist so that you can take
advantage of skilled
         coders and developers at lower cost than developed countries. Please
tell us the percentage
         of revenue generated from your operations in China. To the extent that
you are a china
         based issuer please refer to the Dear Issuer Letter found at
         https://www.sec.gov/corpfin/sample-letter-china-based-companies.
 Matthew Reid
FirstName LastNameMatthew
APPlife Digital Solutions Inc Reid
Comapany7,NameAPPlife
February   2023           Digital Solutions Inc
February
Page 4 7, 2023 Page 4
FirstName LastName
        We remind you that the company and its management are responsible for
the accuracy
and adequacy of their disclosures, notwithstanding any review, comments, action
or absence of
action by the staff.

       Refer to Rules 460 and 461 regarding requests for acceleration. Please
allow adequate
time for us to review any amendment prior to the requested effective date of
the registration
statement.

        Please contact Kyle Wiley, Staff Attorney, at 202-344-5791 or Jan Woo,
Legal Branch
Chief, at 202-551-3453 with any other questions.

                                                           Sincerely,

                                                           Division of
Corporation Finance
                                                           Office of Technology
cc:      Chase Chandler

```

### Attached PDF Documents

**Attachment 1:** `filename1`

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