Jason Nguyen, CCO of Looking Glass Labs, to speak at the Superverse conference in Dubai

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Mr. Nguyen will speak at the Evolutional Superverse conference on February 22, 2022

VANCOUVER, BC, February 15, 2022 /CNW/ – Looking Glass Labs Ltd. (“LGL” or the “Company”) (NEO: NFTX), a leading Web3 platform specializing in non-fungible tokens (“NFT“), immersive metaverse environments, play-to-earn tokenization and virtual asset royalty streams, is pleased to announce that Jason NguyenChief Creative Officer of LGL, will be one of the keynote speakers at the Superverse Conference (“Superverse“or the”Conference) taking place at the Dubai Festival Arena on February 22, 2022. Mr. Nguyen is the founder and guiding spirit of LGL’s leading brand, House of Kibaa (“HoK“) where he succeeded in transforming HoK into a famous web3 studio at the cutting edge of technologies in the NFT, metaverse and commit-to-earn verticals. Jason continues to champion HoK’s development of his hyper-realistic metaverse, his digital distribution and its digital asset 3D design initiatives.

Superverse is the largest collaborative event bringing together creators, entrepreneurs and artists who are changing the creator industry. The conference aims to discuss transformational technologies and ideas that are shaping how we create, consume, monetize and see our future world.1 Topics at the center of the conference include NFTs, Decentralized Autonomous Organizations, and Metaverses. The conference takes place over two days, with more than 70 speakers, and can be attended online or in person.

Located in Dubai Festival City with seamless accessibility and connectivity, Festival Arena by InterContinental was selected as the Superverse venue due to its flexibility and customization for the conference.2 Dubai Festival City is a district of dubai home to many modern businesses, hotels and entertainment.3 The Festival Arena is conveniently located near hotels and restaurants for Superverse speakers and attendees. For more information on Superverse, please visit the website via the following link: https://superverse.me/

Management commentary

“The opportunity to have Jason represent LGL and speak at such a massive and timely event as Superverse is such an honor for our company. We are confident in the value Jason will add to the conference and we are also excited about the business development opportunities that will follow him to Canada,” noted Dorian banks, CEO of LGL. “Our interdisciplinary approach to curating innovations in the NFT and metaverse spaces has earned us a solid reputation within the industry, thanks to the hard work of Jason and his team at the House of Kibaa. allowed us to speak to a passionate audience and collaborate with some of the most advanced people and companies in the world,” Mr. Banks added.

Corporate update

The Company also announces that it has filed an amended and restated Annual Information Form (“FIA“) on SEDAR on February 14, 2022. Amendments to the Annual Information Form filed on February 9, 2022 relate to the correction of the reported number of stock options held by each director and officer of the Corporation, as set out in Section 8.1 of the Amended and Restated Annual Information Form.

ABOUT LOOKING GLASS LABS

Based at Vancouver, British ColumbiaLooking Glass Labs is a Web3 platform specializing in non-fungible tokens (“NFT“), immersive metaverse environments, play-to-earn tokenization and virtual asset royalty streams. Its leading brand, House of Kibaa (“HoK“), designs and organizes a next-generation metaverse for 3D assets, which allows functional art and collectibles to exist simultaneously in different NFT blockchain environments. HoK has successfully released digital assets to include GenZeroswhich completely sold out in just 37 minutes for a total proceeds for LGL of $6.2 million, plus a 5% perpetual royalty stream on secondary market sales. HoK plans to launch a hyper-realistic metaverse built on top of the Unreal 5 engine in 2022.

On behalf of LOOKING GLASS LABS LTD.

Dorian banks
Dorian banksChief executive officer
Twitter: @DorianBanks

Forward-looking information

This press release contains “forward-looking statements”. Statements in this press release that are not purely historical are forward-looking statements and include all statements regarding beliefs, plans, expectations or intentions regarding the future. These forward-looking statements include, among others: the Company’s goal to become the premier digital studio specializing in NFT architecture, immersive metaverse design, and virtual asset display monetization streams; and build a portfolio of perpetual NFT royalty streams through collaborations, accretive acquisitions, and other deals, to potentially generate consistent, risk-free, passive revenue.

Important assumptions supporting these forward-looking statements include, among others, that: the company may mitigate risks associated with the blockchain and NFT industry; and the ability to compete with other companies in the NFT market.

Although management considers these assumptions to be reasonable based on information currently available to it, they may prove to be incorrect. These forward-looking statements are only predictions and involve known and unknown risks, uncertainties and other factors, including: the continued growth and adoption of NFT and metaverse offerings by consumers; the cost of developing and designing NFTs and metaverses is economically viable; the Company being able to attract and retain a sufficient workforce with the desired skills to develop the Company’s NFT and metaverse offerings; the availability of offers provided by third parties in the NFT, metaverse development and online gaming market to identify potential transactions; the growing adoption of NFTs as a solution for various online gaming, entertainment and collecting uses; the Company having the ability to mitigate risks associated with the blockchain and NFT industry; the ability to compete with other companies in the NFT, metaverse development, content creation and collectibles market; the risk that the Company’s offers will not be accepted by the consumer, the risk that other competitors will offer similar digital offers; the risk that there may be adverse changes in general economic and business conditions; the risk that the Company will have negative operating cash flow and insufficient capital to complete the development of any of its technologies; the risk that the Company may not be able to obtain additional financing if required; the risk of increased capital and operating costs; the risk that the NFT technology may be subject to fraud and other failures; the risk that there will be technological and blockchain developments that render NFT solutions obsolete; risks related to regulatory changes or actions likely to hinder the development or operation of blockchain solutions; the risk of other competitors publishing similar blockchain offerings; the possible future non-viability of the NFT market generally; the volatile cost of the amount of computational effort required to perform specific operations on the blockchain, and other general risks involved with blockchain solutions.

Risks and uncertainties relating to the Company’s business are discussed in more detail in the Company’s disclosure documents, including its reports filed with Canadian securities regulators and which may be obtained from www.sedar.com.

Each of these risks could cause the actual results, levels of activity, performance or achievements of the Company to be materially different from any future results, levels of activity, performance or achievements expressed or implied by such forward-looking statements. Additionally, while the Company has attempted to identify factors that could cause actual results, levels of activity, performance or achievements to differ materially from those described in the forward-looking statements, there may be Other factors that cause results, activity levels, performance or achievements not to be those anticipated, estimated or intended. These forward-looking statements are made as of the date of this press release, and the Company undertakes no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the statements. forward-looking, except as required by applicable law, including the securities laws of United States and Canada. Although the Company believes that the beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that such beliefs, plans, expectations or intentions will prove to be correct. The Company assumes no responsibility for the disclosure relating to any other company mentioned herein..

Endnotes

  1. “Superverse ’22”, supervise me, 2021, https://superverse.me/
  2. “A dynamic, personally designed canvas offering the ultimate venue for high-end events”, Arena Intercontinental Festival, 2021, https://www.dubaifestivalcityhotels.com/festivalarena
  3. “Dubai Festival City”, Wikipedia, last modification on January 5, 2022, https://en.wikipedia.org/wiki/Dubai_Festival_City

SOURCE Looking Glass Labs Ltd.

For further information: Dorian Banks, Toll Free: +1 833 LGL-NFTX (833-545-6389), Email: [email protected]Twitter: @LGL_io

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