Looking Glass Labs Ltd – Metaverse Experiences for Brand Activations – Yahoo Finance UK

From switching accounts to cashback and trading-in unwanted items, here are some tips to get you to the end of the year
LOOKING GLASS LABS LTD.
N E W S R E L E A S E
LGL to Deploy Metaverse Experiences for Brand Activations
The Company Continues to Develop its Ultra Realistic Metaverse Offering and Custom Tools to Allow Partners to Create Highly Customisable and Engaging Experiences for Their Customers
Vancouver, British Columbia – December 12, 2022 / Cision / – Looking Glass Labs Ltd. (“LGL” or the “Company”) (NEO: NFTX) (AQSE: NFTX) (OTC: LGSLF) (FRA: H1N), a leading Web3 platform specialising in immersive metaverse environments, play-to-earn tokenization and blockchain monetisation strategies, announces that its wholly owned subsidiary House of Kibaa (“HoK”) has developed the technical platform and preliminary suite of tools to create tailored brand activations inside of its metaverse offering.
The metaverse industry is set to generate up to $5 trillion in value by 2030.¹ LGL is working swiftly to provide the software tools to help maximise the industry’s mainstream adoption and commercial growth. The Company is currently working to establish partnerships with a target set of companies and organisations to further cement the Company’s ultra realistic metaverse as a revenue driving platform.
LGL’s metaverse offering currently has 11 environments that will be fully customisable. The Company is focused on fast-tracking its ability to create entire worlds, with architecture and experiences bespoke to any brand or creator activation. Consumers of all experience levels are expected to be able to easily access these digital metaverse activations based on the Company’s incorporation of Unreal Engine 5, Unity 4 and pixel streaming, with plans to provide both mobile and desktop flexibility.
Metaverse experiences are being planned to range from new product activations to entire worlds built for corporate clients. The types of activations include but are not limited to:
Bespoke virtual brand worlds;
Custom experiences in the pre-built LGL land types;
Gated and ticketed digital experiences including festivals, concerts, meet and greets, and more;
Immersive digital live streams; and
Retail and product drop events.
The Company is also in the process of developing partnerships with media companies, marketing organisations, automotive brands, fashion companies and others, in order to create the most diverse and realistic metaverse experience for all users and brands. This is expected to allow brands to create further value by monetising existing products, services and/or intellectual properties. This initiative is also being pursued in order for LGL to capture incremental revenue through ongoing royalty streams and product sales.
Management Commentary
“Bringing brand activations to the Pocket Dimension metaverse for multinational companies is something that we envisioned a while ago, and are excited to make a reality in the near future for our corporate clients, for Pocket Dimension users, and for the community at large. We are always thinking about our current and future metaverse stakeholders and are continuously striving to give them the best experience possible,” said Dorian Banks, Chief Executive Officer at LGL. “Creating vivid and ultra realistic brand activations in the metaverse is just one of many projects that our team is working on. We are encouraged by the positive feedback to date regarding the Alpha Release of the Pocket Dimension. We look forward to bringing more and more of these initiatives to market,” added Mr. Banks.
The Directors of Looking Glass Labs take responsibility for this announcement.
This announcement contains inside information for the purposes of Article 7 of the Regulation (EU) No 596/2014 on market abuse.
“Dorian Banks”
Dorian Banks, Chief Executive Officer
Twitter: @DorianBanks
For further information, please contact:
Dorian Banks
Toll-Free: +1 833 LGL-NFTX (833-545-6389)
Email: info@lgl.io
Twitter: @LGL_io
Website: https://www.lgl.io/
Novum Securities Limited, AQSE Corporate Adviser
David Coffman/ George Duxberry
Tel: +44 (0)207 399 9400
ABOUT LOOKING GLASS LABS
Headquartered in Vancouver, British Columbia, Looking Glass Labs (“LGL”) is a leading Web3 innovation platform specialising in consumer engagement applications to leverage immersive metaverse environments, play-to-earn tokenization and blockchain monetisation strategies. Its leading brand, House of Kibaa (“HoK”), designs and curates a next generation metaverse for 3D assets, which allows functional art and collectibles to exist simultaneously across different NFT blockchain environments. HoK has successfully released digital assets to include GenZeroes, which sold out in just 37 minutes for total proceeds to LGL of CAD 6.2 million, in addition to a perpetual 5% royalty stream on secondary market sales.
To view LGL’s current investor presentation, please visit https://www.lgl.io/investors.
To join LGL’s mailing list, please subscribe via the following link: https://www.lgl.io/contact-us.
Forward-Looking Information
This news release contains “forward-looking statements.” Statements in this news release that are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations, or intentions regarding the future. Such forward-looking statements include, among other things: the continued development of Pocket Dimension, development of immersive metaverse environments, play-to-earn tokenization and blockchain monetization strategies; pursuing partnerships to monetize blockchain and Web3 opportunities; and the near-term projects and future projects.
The material assumptions supporting these forward-looking statements include, among others, that: the Company could mitigate the risks associated with the blockchain and NFT industry; the ability to compete with other businesses in the NFT market; the availability of sufficient funding to carry out the Company's business development plans; favourable market conditions; the ability of HoK to sell all or substantially all of its product offerings; the market acceptance for its products; and the ability to create tailored brand activations inside of its metaverse offering.
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 consumer 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 desired skillsets to develop the Company's NFT and metaverse offerings; the availability of offerings provided by third-parties in the NFT, metaverse development and online gaming market to identify potential transactions; the increasing adoption of NFTs as a solution for various online gaming, entertainment and collectible uses; the Company having the ability to mitigate the risks associated with the blockchain and NFT industry; and the ability to compete with other businesses 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 are not accepted by the consumer, the risk that other competitors may offer similar digital offerings; the risk that there may be negative changes in general economic and business conditions; the risk that the Company may have negative operating cash flow and not enough capital to complete the development of any of its technologies; the risk that the Company may not be able to obtain additional financing as necessary; the risk that there may be increases in capital and operating costs; the risk that the NFT technology may be subject to fraud and other failures; the risk that there may be technological changes and developments in the blockchain that make the NFT solutions obsolete; risks relating to regulatory changes or actions which may impede the development or operation of the blockchain solutions; the risk that other competitors may release similar blockchain offerings; the potential future unviability of the NFT market in general; the volatile cost of the amount of computational effort required to execute specific operations on the blockchain, and other general risks involved in the blockchain solutions.
Risks and uncertainties about the Company’s business are more fully discussed in the Company’s disclosure materials, including its reports filed with the Canadian securities regulators and which can be obtained from www.sedar.com.
Any of these risks may 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 these forward-looking statements. Further, although 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 forward-looking statements, there may be other factors that cause results, levels of activity, performance or achievements not to 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 reasons why actual results could 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 contained in this news release are reasonable, there can be no assurance that any such beliefs, plans, expectations or intentions will prove to be accurate. The Company does not assume any liability for disclosure relating to any other company mentioned herein.
ENDNOTES:
“Value creation in the metaverse: The real business of the virtual world”, McKinsey & Company, pg. 7, June 14, 2022, https://www.mckinsey.com/capabilities/growth-marketing-and-sales/our-insights/value-creation-in-the-metaverse
SOURCE: LOOKING GLASS LABS LTD.
Oslo, 12 December 2022: Scatec ASA, a leading renewable energy provider in emerging markets, today named Hans Jakob Hegge as the company’s Chief Financial Officer. He will succeed Mikkel Tørud, who will step into his new role as EVP Green Hydrogen and Middle East and North Africa region. Hegge will take on the new role as of March 1, 2023. Since 2021, Hegge has held the position as CFO in Moreld, an industrial group established in 2019 by Norwegian private equity investor HitecVision. Before tha
TR-1: Standard form for notification of major holdings
Please see below information about transactions made under the share buy-back program for Norsk Hydro ASA. Announcement date of the share buyback program: September 23, 2022 End date of the share buyback program: March 29, 2023 Overview of transactions: Date Aggregate daily volume (no. of shares) Average price (NOK) Total transaction value (NOK) 05.12.2022130 00074.489 682 47806.12.2022132 00074.019 769 43907.12.2022135 00074.2210 020 01108.12.2022130 00074.689 707 77609.12.2022130 00074.969 744
TR-1: Standard form for notification of major holdings
EXOR N.V. (AMS: EXO) (“Exor” or the “Company”) announces that, under the second tranche of the share buyback program of up to €250 million announced on 29 July 2022 (the “second tranche”), the Company has completed the following transactions on Euronext Amsterdam: Trading DateNumber of ordinary shares purchasedAverage price per share excluding fees (€)Total consideration excluding fees (€)5 December 202226,85076.44802,052,628.806 December 202238,04676.18882,898,679.087 December 202236,08874.6917
Inventiva intends to use the proceeds to fund part of the pivotal Phase III clinical trial evaluating lanifibranor in patients with NASHThe €25 million supports Inventiva’s anticipated cash runway1 through the fourth quarter of 2023 Daix (France), Long Island City (New York, United States), December 12, 2022 – Inventiva (Euronext Paris and Nasdaq: IVA) (the “Company”), a clinical-stage biopharmaceutical company focused on the development of oral small molecule therapies for the treatment of pati
On 27 April 2022, Tryg A/S (“Tryg”) announced that a share buyback programme of DKK 5.0 billion had been initiated as a result of the sale of Codan Denmark. The share buyback programme is executed in accordance with EU Market Abuse Regulation, EU Regulation no. 596/2014 of 16 April 2014 and the provisions of Commission Delegated Regulation (EU) 2016/1052 of 8 March 2016 (the “Safe Harbour Regulation”). The share buyback programme will end no later than 03 July 2023. Transactions made under the s
After years of outsourcing and offshoring manufacturing to countries with cheaper labour and bigger production ecosystems, the U.S. and Europe are on a mission to bring some of that industrial work back to its own shores. Robco, a Munich-based startup that has built a platform for designing low-cost modular robots for small and medium industrial businesses, has picked up €13 million (abut $13.8 million). The round — a Series A — is led by Sequoia, with Kindred Capital, Promus Ventures and Torsten Reil, Christian Reber, and Daniel Dines all also investing.
British nurses will go on strike this week, hitting already stretched hospitals and cranking up pressure on Prime Minister Rishi Sunak to quell the biggest wave of industrial action to hit the country in decades. But the government has so far refused to budge on pay and is instead looking to tighten laws to stop some strikes, meaning there is no end in sight for what has been dubbed a new "winter of discontent" in reference to the industrial battles that gripped Britain in 1978-79. "There's the potential for them to stretch out and (for striking workers to) dig themselves in and then that could really be something that we haven't seen for quite a long time," she said.
Microsoft will buy LSEG shares from the Blackstone/Thomson Reuters Consortium, the bourse operator said. As part of the deal, LSEG has made a contractual commitment for minimum cloud-related spend with Microsoft of $2.8 billion over the term of the partnership. LSEG bought Refinitiv for $27 billion in 2021, which turned the exchange into the second largest financial data company after Bloomberg LP.
Britain has faced industrial action across a range of industries over the last few months as workers struggling with double-digit inflation resort to walk outs to demand better pay and working conditions. While the threat of widespread industrial unrest in the run up to Christmas and into January remains as some of the biggest disputes, including those involving railway workers and nurses, are ongoing, pay agreements have been reached in some areas.
Shipping giant A.P. Moller-Maersk said on Monday it had appointed Vincent Clerc, who has been with the firm for 25 years, to replace Soren Skou as Chief Executive Officer as of Jan 1. "The strong tail winds that benefited the supply chain industries during the pandemic are coming to an end," said chair of the board Robert Uggla in a statement. "With an increasingly challenging outlook, the board believes Vincent holds the right experience and capabilities as CEO to pursue and oversee Maersk’s strategic and organizational development in the years to come," he added.
LONDON (Reuters) -Britain's economy rebounded in October a little more strongly than expected from September when output was affected by a one-off public holiday to mark the funeral of Queen Elizabeth, but a recession remained on the cards, official data showed on Monday. Gross domestic product grew by 0.5% in October after September's 0.6% contraction, the Office for National Statistics said. Despite the slight upside surprise, the figures are unlikely to change the view among investors and analysts that Britain's economy faces a bleak 2023.
The Office for National Statistics said gross domestic product grew by 0.5% in October in a bounce back from a 0.6% contraction the previous month.
With stock prices falling, bargain buying opportunities among FTSE 100 shares have emerged that may deliver far better returns than gold. The post Forget gold! Start hunting fallen FTSE 100 shares to buy for an earlier retirement appeared first on The Motley Fool UK.
NASA's Orion space capsule splashed down safely in the Pacific on Sunday, completing the Artemis 1 mission — a more than 25-day journey around the Moon with an eye to returning humans there in just a few years.
GDP figures showing the UK economy expanded 0.5% in October today launched a packed week for economic announcements. The rebound from the previous month’s fall of 0.6% is unlikely to allay the UK’s recession fears, with the Office for National Statistics pointing out the economy contracted over the last three months as a whole. Meanwhile, it emerged today that Microsoft is to buy a 4% stake in London Stock Exchange as part of a 10-year strategic partnership for next-generation data and analytics and cloud infrastructure solutions.
Jon Smith reviews two growth stocks with a large presence in the UK that he thinks could struggle with the recession looming. The post 2 growth stocks I wouldn’t touch with a barge pole appeared first on The Motley Fool UK.
A survey for Action for Children found one in five working parents said they are worried they will not be able to afford presents this year.
It's possible to kick-start a long-term passive income stream from scratch with just £7 a day… and these three important steps. The post How I’d use £50 a week to build a passive income stream appeared first on The Motley Fool UK.

source