Looking Glass Labs forms a strategic development partnership with Cavrnus to deliver a clear Metaverse innovation and commercialization strategy

December 19, 2022 – Vancouver, British Columbia

Looking Glass Labs forms a strategic development partnership with Cavrnus to deliver a clear Metaverse innovation and commercialization strategy. Brands and developers have access to powerful, easy-to-use metaverse builder and deployment tools to create unique experiences using cutting-edge technology that takes the partnership, community and branded applications to the forefront of the industry.

Looking Glass Labs Ltd. (“LGL” or the “Company”) (NEO: NFTX) (AQSE: NTFX) (OTC: LGLSF) (FRA: H1N) – a leading Web 3.0 platform specializing in immersive metaverse environments, play-to-earn tokenization and blockchain monetization strategies – announces that it has signed a strategic development agreement (the “Agreement”), forming the basis of a strategic development partnership (the “SDP”), with Cavrnus, Inc. (“Cavrnus”).

The primary objective of the agreement is to co-develop immersive Metaverse experiences for consumer brands by extending LGL’s Pocket Dimension metaverse by deploying it across multiple operating systems and mobile systems for improved user accessibility and providing a seamless, easy-to-use metaverse builder and deployment tools, which is expected to result in Pocket Dimension products being quickly ported to other brands and partners.

The SDP leverages the complementary strengths of both parties to provide early adopters of Web 3.0 with a comprehensive and seamless approach to metaverse engagements. To this end, the companies will share documentation and APIs and collaborate on go-to-market activities such as sales and marketing.

Cavrnus is a brand that aims to push the boundaries of creativity in the Metaverse sector. It provides brands like LGL with the versatility, stability and security to build and share immersive Metaverse experiences that inspire connection between users across space and time.

Cavrnus is the leading provider of a scalable, security-centric, enterprise-class metaverse builder and deployment platform.

In addition to its full-stack SaaS products, Cavrnus recently announced the Cavrnus Metaverse Connector™ plug-in for Unreal Engine, allowing UE developers to easily transform their application into an instant Metaverse experience. It is now available in a limited beta version.

Cavrnus also has relationships with companies like Epic Games, AWS, Meta, and others as listed on their website. Visit the website for more information about Cavrnus.

Pocket Dimension is a hyper-realistic digital world built with the latest version of Unreal Engine to offer users a premium virtual experience.

Each Pocket Dimension features one of 11 different environments including Archipelago, Countryside, Valley, Dunes, Fjord, Swamp, Savannah, Tundra, Forest and Zen – as well as the aforementioned Genesis Moon environment exclusively for Genesis membership holders.

Each environment provides users with different forms of utilities, including but not limited to hosting events with their community, integrating custom structures, and adding digital assets.

Pocket Dimension is a four-acre private space that owners can visit, invite friends, view NFTs, create settings, collaborate with others, or enable experiences through various utilities and uses.

Packs offer additional unique benefits to their owners, such as blockchain-agnostic with broad NFT compatibility (Polygon, Ethereum, etc.), extensive avatar system, unique host system for non-playable characters, and more.

Dorian Banks, Chief Executive Officer at LGL, said:

“We are delighted to be working with Cavrnus in this way. Their expertise complements ours and we expect that the outcome of our joint focus will be quite positive.

“To advance in the Metaverse sector, we believe that strategic relationships are critical, and we want to continue creating easy-to-use and fulfilling Metaverse experiences for Pocket Dimension owners.”

About Looking Glass Labs

Headquartered in Vancouver, British Columbia, Looking Glass Labs (‘LGL’) is a leading Web 3.0 innovation platform specializing in customer engagement applications to enable immersive metaverse environments, play-to-earn tokenization and blockchain monetization strategies to use.

Its leading brand, House of Kibaa (“HoK”), designs and curates a next-generation metaverse for 3D assets that allows functional art and collectibles to coexist in different NFT blockchain environments.

HoK has successfully launched digital assets including GenZeroes, which sold out in just 37 minutes and brought LGL total proceeds of $4,550,583, in addition to a five percent ongoing royalty on secondary market sales.

To view LGL’s latest investor presentation, please visit here. To join the LGL mailing list, please sign up using this link.

Contact

Dorian Banks, CEO of LGL

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