Wholly owned subsidiary of Looking Glass Labs invited to the DaVinci International Film Festival to screen the first four episodes of the GenZeroes series

Actor Alex Paunovic and the company’s Chief Commercial Officer will attend DIFF 2022 to screen part of HoK’s GenZeroes series and participate in the annual red carpet event

VANCOUVER, BC, September 23, 2022 /CNW/ – Looking Glass Labs Ltd. (“LGL” or the “Company”) (NEO: NFTX) (OTC: LGSLF) (FRA: H1N), a leading Web3 platform specializing in non-fungible tokens (“NFT“), immersive metaverse environments, play-to-earn tokenization and virtual asset royalty streams, announces that its wholly owned subsidiary, House of Kibaa (“HoK“), was prompted on screen (the “Screening“) the first four episodes of his live action series GenZeroes (“GenZeros“) at the DaVinci International Film Festival (the “DIFF“). The screening is to take place at The Grove in Los Angeles at 4:45 p.m. PST on Saturday, September 24, 2022.

The screening is part of the Vitruvian Showcase and Leo Awards, which take place from September 24-25 in the south California. Participating on behalf of the Company will be Neil Stevenson MooreChief Business Officer of HoK and Chief Product Officer of LGL. Alex Paunovicone of the stars of GenZeroes will also be present for the screening.

Management commentary

“Hard work and passion pays off for the HoK team. Being invited to be a part of DIFF is amazing. We are thrilled that the company has the opportunity to show so much of the GenZeroes series to a new audience” , said Dorian banks, CEO of LGL. “It’s exciting for our team and we can’t wait to hear the audience reaction to the screening of Aleks and Neil,” Mr Banks added.

GenZeroes Live Action Series

The GenZeroes live-action series consists of a set of four webisodes and four comics, for a total of eight installments. Based on the sci-fi genre, the storyline is built around the GenZeroes NFT collection. The series is integrated NFT and stars Alex Paunovica Canadian-born actor who starred in Zero contact and appeared in Hawk Eye.1 GenZeroes NFT holders received exclusive access to episodes and other additional benefits. NFTs are becoming more and more important in the world of entertainment and can offer creators new ways to interact with their audience, raise funds to cover production costs, create new distribution windows and, overall, to sell movies and TV shows better.2

About the DIFF

DIFF, a leading awards platform celebrating independent film and screenwriting around the world, was founded in 2017. DIFF is well known for its prestigious Leo Awards, it honors filmmakers in the long-form story categories. and short, documentary, animation and screenwriting at her red carpet events. DIFF is set to launch a new program, the DaVinci Film Institute, to help creative minds develop their ideas in multiple fields through a Jr. Leo program. More information about the DIFF is available on its website: https://davincifilmfestival.com.

ABOUT LOOKING GLASS LABS

Based at Vancouver, British ColumbiaLooking Glass Labs (“LGL“) is a Web3 platform specializing in the non-fungible token (“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 GenZeroes , which sold out in just 37 minutes for a total proceeds to LGL of CAD 6.2 million, plus a 5% perpetual royalty stream on secondary market sales. HoK plans to launch a hyper-realistic metaverse built on the latest version of Unreal Engine in 2022.

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Behalf 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 development of the GenZeroes franchise, the Company’s goal of becoming the first digital studio specializing in NFT architecture, immersive metaverse design and asset display monetization streams virtual; the intention to build a portfolio of perpetual NFT royalty streams through collaborations, accretive acquisitions and other arrangements, to potentially generate consistent, risk-free and passive revenue; and short-term and future plans.

Important assumptions supporting these forward-looking statements include, among others, that: the company may mitigate risks associated with the blockchain and NFT industry; the ability to compete with other companies in the NFT market; the availability of sufficient funding to carry out the Company’s business development plans; favorable market conditions; HoK’s ability to sell all or substantially all of its offerings; and the ability to complete Overlords development in a timely manner.

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 the mainstream market; 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; and the ability to compete with other companies in the NFT, metaverse development, content creation, and collectibles 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 risk that the Company’s offerings will not be accepted by the consumer, the risk that other competitors similar digital offerings; 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 Company’s actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by such forward-looking statements. In addition, 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. “Aleks Paunovic”, IMDB, 2022, https://www.imdb.com/name/nm0006820/
  2. “If Snoop Dogg, Reese Witherspoonand McDonald’s can do NFTs, so can 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.

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

Darcy J. Skinner