2022-09-23 | NEO:NFTX | Press Release | Looking Glass Labs

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Actor Aleks Paunovic and the Company’s Chief Business Officer Will Attend DIFF 2022 to Screen a Portion of HoK’s GenZeroes Series and Participate in the Annual Red Carpet Event

VANCOUVER, BC, Sept. 23, 2022 /CNW/ – Looking Glass Labs Ltd. (“LGL” or the “Company”) (NEO: NFTX) (OTC: LGSLF) (FRA: H1N), a number one Web3 platform specializing in non-fungible token (“NFT”) structure, immersive metaverse environments, play-to-earn tokenization and virtual asset royalty streams, announces that its wholly owned subsidiary, House of Kibaa (“HoK”), has been invited to display screen (the “Screening”) the primary four episodes of its GenZeroes live-action series (“GenZeroes”) on the DaVinci International Film Festival (the “DIFF”). The Screening is scheduled to happen at The Grove in Los Angeles at 4:45 PM PST on Saturday, September 24, 2022.

The Screening is part of the Virtruvian Showcase and Leo Awards, going down from September 24-25 in southern California. Attending on behalf of the Company might be Neil Stevenson-Moore, Chief Business Officer of HoK and Chief Product Officer of LGL. Aleks Paunovic, one of many stars of GenZeroes may even be in attendance for the Screening.

Management Commentary

“Hard work and keenness are paying off for the HoK team. Being invited to be a half of the DIFF is extraordinary. We are happy that the Company could have the chance to show a giant a part of the GenZeroes sequence to a new audience,” stated Dorian Banks, Chief Executive Officer of LGL. “This is thrilling for our staff and look ahead to listening to in regards to the audience’s reaction at the Screening from Aleks and Neil,” added Mr. Banks.

GenZeroes Live-Action Series

The GenZeroes live-action sequence consists of a set of 4 webisode and 4 comics, for a complete of eight instalments. Based in the science fiction style, the storyline is built around the GenZeroes NFT assortment. The series is NFT-integrated and stars Aleks Paunovic, a Canadian-born actor who has starred in Zero Contact and appeared in Hawkeye.1 Holders of GenZeroes NFTs have obtained unique access to episodes and different extra perks. NFTs have gotten extra outstanding within the leisure world and may give creators new methods to interact with their audiences, raise money to cowl manufacturing costs, create new distribution home windows, and general have the power to higher sell motion pictures and TV exhibits.2

About DIFF

The DIFF, a premier awards platform celebrating impartial cinema and screenwriting the world over, was based in 2017. DIFF is well-known for its prestigious Leo Awards, It honours filmmakers in lengthy and quick narrative, documentary, animation, and screenwriting classes at its red carpet occasions. The DIFF is ready to launch a new program, the DaVinci Film Institute to assist creative minds develop their ideas in multiple areas in a Jr. Leo program. More information about the DIFF may be discovered on its website: https://davincifilmfestival.com.

ABOUT LOOKING GLASS LABS

Headquartered in Vancouver, British Columbia, Looking Glass Labs (“LGL”) is a Web3 platform specializing in non-fungible token (“NFT”) structure, immersive metaverse environments, play-to-earn tokenization and virtual asset royalty streams. Its leading model, House of Kibaa (“HoK”), designs and curates a next technology metaverse for 3D property, which allows useful artwork and collectibles to exist simultaneously across completely different NFT blockchain environments. HoK has efficiently released digital property to include GenZeroes, which sold out in just 37 minutes for total proceeds to LGL of CAD 6.2 million, along with a perpetual 5% royalty stream on secondary market gross sales. HoK plans to launch a hyper-realistic metaverse constructed on the newest version of Unreal Engine in 2022.

To view LGL’s current investor presentation, please visit https://www.lgl.io/investors.

To be a part of LGL’s mailing listing, please subscribe by way of the next hyperlink: https://www.lgl.io/contact-us.

On behalf of LOOKING GLASS LABS LTD.

“Dorian Banks”

Dorian Banks, Chief Executive Officer

Twitter: @DorianBanks

Forward-Looking Information

This news release accommodates “forward-looking statements.” Statements in this news launch that are not purely historic are forward-looking statements and embrace any statements relating to beliefs, plans, expectations, or intentions relating to the longer term. Such forward-looking statements embrace, among other things: the event of the GenZeroes franchise, the Company’s objective to turn out to be the leading digital studio specializing in NFT architecture, immersive metaverse design and digital asset show monetization streams; intention to construct out a portfolio of perpetual NFT royalty streams by way of collaborations, accretive acquisitions and different arrangements, to probably result in consistent, de-risked and passive revenue; and the near-term projects and future projects.

The material assumptions supporting these forward-looking statements embrace, amongst others, that: the Company might mitigate the risks related to the blockchain and NFT industry; the flexibility to compete with different businesses in the NFT market; the provision of sufficient funding to carry out the Company’s enterprise improvement plans; favourable market circumstances; the flexibility of HoK to sell all or considerably all of its choices; and the ability to complete the event of Overlords in a well timed manner.

Although administration considers these assumptions to be reasonable based mostly on information at present out there to it, they could show to be incorrect. These forward-looking statements are only predictions and involve recognized and unknown risks, uncertainties and different factors, including: the continued development and adoption of NFT and metaverse offerings by the consumer market; the price of developing and designing NFTs and metaverses is economically viable; the Company being able to attract and retain a sufficient workforce with desired skillsets to develop the Company’s NFT and metaverse choices; the supply of offerings supplied by third-parties in the NFT, metaverse improvement and on-line gaming market to identify potential transactions; the increasing adoption of NFTs as an answer for numerous on-line gaming, leisure and collectible makes use of; the Company having the ability to mitigate the dangers associated with the blockchain and NFT industry; and the flexibility to compete with other businesses within the NFT, metaverse improvement, content material creation and collectibles market.

Although management considers these assumptions to be affordable primarily based on data presently available to it, they could prove to be incorrect. These forward-looking statements are solely predictions and involve identified and unknown risks, uncertainties and different factors, including: the chance that the Company’s offerings are not accepted by the consumer, the chance that other competitors may offer comparable digital offerings; the danger that there could also be unfavorable changes generally financial and enterprise situations; the risk that the Company could have adverse operating cash circulate and never enough capital to finish the development of any of its technologies; the risk that the Company could not have the ability to acquire extra financing as necessary; the chance that there may be increases in capital and operating costs; the chance that the NFT technology may be subject to fraud and other failures; the danger that there could also be technological modifications and developments within the blockchain that make the NFT solutions out of date; risks relating to regulatory modifications or actions which can impede the event or operation of the blockchain solutions; the risk that different opponents could release related blockchain choices; the potential future unviability of the NFT market normally; the risky cost of the quantity of computational effort required to execute particular operations on the blockchain, and other basic risks concerned within the blockchain options.

Risks and uncertainties concerning the Company’s business are extra absolutely discussed within the Company’s disclosure supplies, together with its reviews filed with the Canadian securities regulators and which may be obtained from www.sedar.com.

Any of those dangers could trigger the Company’s actual outcomes, ranges of activity, performance or achievements to be materially totally different from any future results, levels of exercise, efficiency or achievements expressed or implied by these forward-looking statements. Further, although the Company has attempted to establish factors that could trigger actual outcomes, ranges of activity, efficiency or achievements to differ materially from these described in forward-looking statements, there could additionally be other elements that cause results, ranges of activity, performance or achievements to not be as anticipated, estimated or intended. These forward-looking statements are made as of the date of this news release, and the Company assumes no obligation to update the forward-looking statements, or to update the explanation why actual results may differ from those projected in the forward-looking statements, except as required by applicable regulation, together with the securities legal guidelines of the United States and Canada. Although the Company believes that any beliefs, plans, expectations and intentions contained in this information release are cheap, there may be no assurance that any such beliefs, plans, expectations or intentions will show to be accurate. The Company doesn’t assume any legal responsibility for disclosure regarding any other firm talked about herein.

Endnotes:

  • “Aleks Paunovic”, IMDB, 2022, https://www.imdb.com/name/nm0006820/
  • “If Snoop Dogg, Reese Witherspoon, and McDonald’s Can Do NFTs, So Will You”, Chris Lindahl, IndieWire, February 22, 2022, https://www.indiewire.com/2022/02/nfts-in-film-tv-what-they-are-1234696393/
  • SOURCE: LOOKING GLASS LABS LTD.

    SOURCE Looking Glass Labs Ltd.

    Cision View authentic content to obtain multimedia: http://www.newswire.ca/en/releases/archive/September2022/23/c0899.html

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