Looking Glass Labs for Mint and Airdrop GenZeroe’s NFT card packages with redeemable tools

The company’s flagship studio, House of Kibaa, is set to distribute 9,000 first-of-its-kind NFTs over time, with three levels of rarity to existing GenX and HoK Genesis NFT holders as the next phase of the previously announced GenZeroes Roadmap

VANCOUVER, BC, July 13, 2022 / CNW / – Looking Glass Labs Ltd. (“LGL” or “the Company”) (NEO: NFTX) (OTC: LGSLF) (FROM: H1N), a leading Web3 platform specializing in non-fungible tokens (“NFT“) architecture, immersive metaverse environments, games to earn tokenization and royalty streams for virtual assets, are pleased to announce that its wholly owned design studio, House of Kibaa (“HoK“), will begin the construction of an airdrop of 9000 NFTs during the summer as the next phase of the GenZeroes roadmap (the”GenZeroes NFT Mint“). The NFTs will first be distributed to existing GenX and HoK Genesis NFT holders, which are estimated to be approximately 2000 NFTs, at no cost to the holders other than applicable gas charges, and with the remaining units distributed to new holders over time.Previously announced, GenZeroes is a first of its kind, live-action and NFT-integrated series, and season one included eight installments with the content alternating between webisode and comic book formats.

GenZeroes NFT Mint will consist of a total of 9000 card packs with three levels of rarity: Holo, gold and silver. Each card pack will contain collectibles from faction profile picture NFTs, character cards and mystery cards. The highly coveted mystery cards will provide redeemable benefits in terms of access to URL and IRL experiences in the GenZeroes ecosystem. By purchasing a GenZeroes NFT, fans of the series not only support and finance the creation, but also get exclusive access to see the entire series before others and enjoy extra content behind the scenes. In addition, NFT holders will also have unique voting rights to shape the story as new seasons are conceived. Finally, genuine GenX holders will forever be recognized for their support with a personal IMDb credit.

The recipients will be surprised because even though they will immediately be able to see what level of rarity they have, the actual contents of the package will not be revealed first. Instead, holders have to wait until the end of a certain disclosure period, after which they will have the opportunity to open their packages and exchange individual cards if they wish. Alternatively, NFT holders can choose to leave their packages sealed, with only the rarity level visible, and exchange them unopened. Following GenZeroe’s NFT Mint, there will be an ongoing series of coins with GenZeroes’ partner communities until the entire collection is released. Depending on the level of demand, this is expected to happen over the next few months.

An exciting sci-fi epic, the GenZeroes live-action series leverages the blockchain to create a unique financing, production and consumption model for film and television. With a star-studded cast that includes Aleks Paunovic, Paul Wight, Nicole Munoz, Richard Harmon, Bethany BrownPraneet Akilla, Mark HildrethTahmoh Penikett, Candy McClure and Jesse Stanley, GenZeroes is an epic sci-fi adventure set 200 years in the time after the planet has been ravaged by alien invaders. The earth is in ruins, and on the way out of the chaos, 10 ruthless factions are left to fight for control of their destiny. Although each faction has access to the most advanced technology in human history, alliances and betrayals are still the most potent weapons.

MANAGEMENT COMMENT

GenZero’s NFT Mint, from a utility perspective, is the first of its kind, not only for the House of Kibaa and its parent company, Looking Glass Labs, but also for the industry. We are pleased to reward our existing GenX and HoK Genesis NFT holders with these new NFT card packages as a sign of our gratitude for their loyalty and support, which is also an innovative gesture in the NFT community, “said Dorian Banks, CEO of Looking Glass Labs. “Once GenZero’s NFT Mint and subsequent mints are completed, it will be fun and interesting to see how the community interacts with their cards and packages, based on their rarities and other factors over time,” Mr. Banks added.

ABOUT APPEARANCE GLASS LABS

With headquarters in Vancouver, British ColumbiaLooking Glass Labs (“LGL“) is a Web3 platform specializing in non-fungible tokens (“NFT“) architecture, immersive metaverse environments, games to earn tokenization and royalty streams for virtual assets. Its leading brand, House of Kibaa (“HoK“), designs and curates a next-generation 3D resource metavers, allowing functional art and collectibles to coexist across different NFT blockchain environments. HoK has successfully released digital assets to include GenZeroes, which sold out in just 37 minutes for total revenue to LGL of CAD 6.2 million, in addition to a perpetual royalty flow of 5% on sales on the secondary market. HoK plans to launch a hyper-realistic metaverse built on the latest version of Unreal Engine in 2022.

On behalf of LOOKING GLASS LABS LTD.

“Dorian Banks“
Dorian BanksCEO
Twitter: @DorianBanks

Future-oriented information

This press release contains “forward-looking statements.” Statements in this press release that are not purely historical are forward-looking statements and include statements about beliefs, plans, expectations or intentions regarding the future. Such forward-looking statements include: the development of the Project Origin meta-verse, the company’s goal of becoming the leading digital studio specializing in NFT architecture, immersive meta-verse design and revenue streams for virtual asset display; intention to develop a portfolio of perpetual NFT royalty streams through collaboration, accretive acquisitions and other schemes, to potentially result in consistent, risk-free and passive income; and the near projects and future projects.

The material assumptions that support these forward-looking statements include that: The company can reduce the risk associated with the blockchain and NFT industry; the ability to compete with other companies in the NFT market; the availability of sufficient funding to implement 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 the development of Overlords in a timely manner.

Although management considers these assumptions to be reasonable based on information available to it now, 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 of the consumer market and the use of NFT and metaverse offerings; the cost of developing and designing NFTs and metavers is economically viable; that the company is 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 the online gaming market to identify potential transactions; the growing use of NFTs as a solution for various online games, entertainment and collectibles; the company that has the ability to reduce the risk associated with the blockchain and NFT industry; and the opportunity to compete with other companies in NFT, meta-development, content creation and collectibles.

Although management considers these assumptions to be reasonable based on information available to it now, 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 offer will not be accepted by the consumer, the risk that other competitors may offer similar digital offers; the risk of negative changes in general economic and business conditions; the risk that the company may have a negative operating cash flow and not enough capital to complete the development of any of its technologies; the risk that the company will not be able to obtain additional financing as needed; the risk that there may be increases in capital and operating costs; the risk that NFT technology may be exposed to fraud and other errors; the risk that it may be technological changes and developments in the blockchain that make the NFT solutions outdated; risks associated with regulatory changes or actions that may hinder the development or operation of blockchain solutions; the risk that other competitors may release similar blockchain offers; the potential future viability of the NFT market in general; the volatile cost of the amount of computational effort required to perform specific blockchain operations, and other general risks involved in blockchain solutions.

Risks and uncertainties related to the company’s operations are more fully discussed in the company’s disclosure material, including its reports submitted to the Canadian Securities and Exchange Commission and which can be obtained from www.sedar.com.

Any of these risks may result in the Company’s actual results, activity levels, benefits or performance being materially different from any future results, activity levels, benefits or performance expressed or implied by these forward-looking statements. Furthermore, although the Company has attempted to identify factors that may cause actual results, activity levels, performance or performance to differ materially from those described in forward-looking statements, there may be other factors that cause results, activity levels, performance or performance not to be as expected, estimated or intended. These forward-looking statements are issued as of the date of this press release, and the Company assumes no obligation to update the forward-looking statements, or to update the reasons why actual results may differ from those projected in the forward-looking statements, except as required by applicable law, including the securities laws of the United States and Canada. Although the company believes that any beliefs, plans, expectations and intentions in this news release are reasonable, no guarantee can be given that such perceptions, plans, expectations or intentions will prove to be accurate. The company does not assume any responsibility for publication related to other companies mentioned here.

SOURCE Looking Glass Labs Ltd.

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