The GenX Ribbon celebrates the first birthday of the HoK GenX Rassemblement and offers every holder the occasion to meet in the Metaverse
Vancouver, British ColumbiaAnd the September 28, 2022 / cnw / – Looking Verre Labs Ltd. (“LGL” or “Company”) (NEO: NFTX) (OTC: LGSLF) (FRA: H1N), a leading Web3 platform specializing in non-fungible tokens (“NFT“) charpente, immersive metaverse environments, tokenized play-for-earn coding, and virtual asset equity streaming, announces that its wholly owned subsidiary House of Kibaa (“)HoK‘) presented both HoK Genesis members (“Genesis members“) and all members of the GenX NFT community (“Jinx community“) using GenX Bar as quartier of a recursive drop program (“)DropsThe Drop celebrates the first birthday of the GenX Rassemblement. One year ago, HoK successfully minted and dropped the GenX NFT recueil, which sold out in just 37 minutes for intact proceeds to LGL from 6.2 million Canadian dollars.
The GenX soufflet is intended for mount use in HoK-issued pocket dimensions or as a standalone metaverse asset. Drop is exclusive in that access to the GenX Bar origin will be associated exclusively with each Genesis and GenX NFT membership. This specific release upgrades the value of existing assets that members already own as it provides particulière access to the GenX Bar experience. The target instant for members to reach GenX tapes in their pocket dimensions is expected to be in the last quarter of this year.
The company has the drive to offer Genesis members and the GenX community with the opportunity to increase the value of each of their ecosystems. Liberating NFT assets, HoK’s exclusive non-privileged assets, and each member’s existing assets is a high priority for LGL and HoK.
Genesis membership aims to add value on an ongoing basis to its holders. With NFT security always a concern, and with the ever-expanding NFT ecosystem, it’s hautain to the company for community members to only législation an asset for the right reasons, either as an element that enables ownership by being customizable or by being exclusive and limited. Therefore, Drop is not for a standalone NFT token, but rather as an upgrade to existing NFTs in transmission. HoK prides itself on having a dynamic community of membership and NFT holders and works to bring them together in one metaverse ecosystem.
We are passionate emboîture creating more value Genesis members and GenX NFT holders by gifting them the Metaverse-ready GenX Bar in celebration of GenZeroes’ first birthday”, Dorian BanksLGL CEO. “To provide members and owners with more independence in the metaverse and greater value in their binaire asset pools is hautain to us. We are focused on understanding our community members and paying continuité to their feedback and wishes. We value all our members and are excited to continue our iterative drop program with new and exciting assets in the future,” Mr. Banks added.
Emboîture Looking for Verre Labs
Headquartered in Vancouver, British Columbiasearch for verre labs (“LGL“) is a Web3 platform that specializes in non-fungible tokens (“)NFTcharpente, immersive metaverse environments, tokenized play-for-profit coding, and virtual asset ownership flow. Its flagship brand, House of Kibaa (“)HoK“), designs and organizes the next generation 3D asset metaverse, which allows functional arts and collectibles to co-exist simultaneously across different NFT blockchain environments. HoK successfully issued binaire assets to include GenZeroes, which sold out in just 37 minutes for intact proceeds to LGL from 6.2 million Canadian dollars, comme continu royalties of 5% on secondary market sales. HoK lignes to release the hyper-realistic metaverse based on the latest traduction of the Unreal Engine in 2022.
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On behalf of LOOKING GLASS LABS LTD.
Dorian Bankschief executive officer
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This press release contains “forward-looking statements”. Statements in this non-historical press release are forward-looking statements and include any statements regarding beliefs, lignes, expectations or intentions regarding the future. These forward-looking statements include, among others: the development of the GenZeroes immunité, the company’s gardien de but to become the leading binaire chambre specializing in NFT charpente, immersive metaverse beauté and virtual asset offering monetization streams; Intent to build a cassette of continu NFT revenue streams through synergies, additionnelle acquisitions and other arrangements, which may result in consistent, risk-free and negative returns; Culotte-term and future projects.
Substantive assumptions underpinning these forward-looking statements include, among others, the following: the company can mitigate risks associated with the blockchain and NFT industry; The ability to compete with other companies in the NFT market; Availability of sufficient funding to implement the company’s bizness development lignes; bénéfique market conjoncture; HoK’s ability to sell all or most of its offerings; And the ability to complete the development of Overlords in a timely manner.
Although direction considers these assumptions reasonable based on the questionnaire currently available to it, they may prove to be goujat. These forward-looking statements are merely predictions and involve known and unknown risks, uncertainties and other factors, including: continued growth and ralliement of the NFT and metaverse offerings by the griller market; The cost of developing and designing NFTs and metaverses is economically feasible; The company’s ability to attract and retain an adequate workforce with the required skill sets to develop the company’s NFT and metaverse offerings; Availability of offers from third parties in the NFT, metaverse development and online game marketplace to identify potential transactions; The increasing reliance on NFTs as a leçon to many online games, entertainment and collectible uses; The company has the ability to mitigate the risks associated with the blockchain and NFT industry; And the ability to compete with other companies in the NFT, metaverse development, enchanté creation and collectibles market.
Although direction considers these assumptions reasonable based on the questionnaire currently available to it, they may prove to be goujat. These forward-looking statements are merely predictions and involve known and unknown risks, uncertainties and other factors, including: the risk that consumers may not accept the Company’s offerings, and risks that other competitors may present with similar binaire offerings; the risk of negative changes in general economic and vendeur conjoncture; The risk that the company may have negative operating cash flow and not have enough travailleur to complete the development of any of its technologies; the risk that the company will not be able to obtain additional financing as necessary; risk of increases in travailleur and operating costs; risk of NFT fraud and other failures; The risk of changes and technological developments in the blockchain making NFT solutions obsolete; Risks related to regulatory changes or besognes that may impede the development or operation of blockchain solutions; The risk of other competitors issuing similar blockchain offerings; The potential future inability of the NFT market in general; The fluctuating cost of the amount of computational travail required to perform specific operations on the blockchain, and other general risks involved with blockchain solutions.
Risks and uncertainties emboîture the Company’s bizness are fully discussed in the Company’s disclosure materials, including reports to Canadian Securities Regulators which can be obtained from www.sedar.com.
Any of these risks could renseignement the Company’s actual results, levels of activity, record or achievements to differ materially from any future results, levels of activity, record or achievements expressed or implied by these forward-looking statements. Furthermore, although the Company has attempted to identify factors that could renseignement actual results, activity levels, record or achievements to differ materially from those described in the forward-looking statements, there may be other factors that renseignement results, activity levels, record, or achievements Not as expected, intended, or intended. These forward-looking statements are made as of the instant of this infos release, and the Company assumes no amendée 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 exécutoire law, including the securities laws of United State And the Canada. Although the Company believes that any beliefs, lignes, expectations and intentions contained in this infos release are reasonable, there can be no guarantee that any such beliefs, lignes, expectations or intentions will prove to be accurate. The Company assumes no responsibility for disclosure relating to any other company mentioned herein.
SOURCE Looking Verre Labs Ltd.
For more questionnaire: Dorian Banks, Toll Free: +1833 LGL-NFTX (833-545-6389), Email: [email protected]Twitter: LGL_io