Looking Glass Labs Forms Strategic Development Partnership With Cavrnus To Deliver Clear Metaverse Innovation and Commercialization Strategy

December 19, 2022 – Vancouver, British Columbia

Looking Glass Labs forms strategic development partnership with Cavrnus to deliver clear metaverse innovation and commercialization strategy. Brands and creators will have access to powerful user-friendly metaverse builder and deployment tools to create unique experiences using state-of-the-art technology that brings the partnership, the community and brand applications to the industry forefront.

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’), which forms 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 through the expansion of LGL’s Pocket Dimension metaverse by deploying to multiple operating and mobile systems for increased user accessibility and the delivery of seamless, user-friendly metaverse builder and deployment tools, which is expected to result in the ability to fast-track Pocket Dimension products to other brands and partners.

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

Cavrnus is a brand that aims to push the limits of creativity in the metaverse sector. It offers brands like LGL versatility, stability and security to build and share immersive metaverse experiences that inspire connection among users across space and time.

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

In addition to its full-stack SaaS products, Cavrnus has recently announced the Cavrnus Metaverse Connector™ plugin for Unreal Engine, which allows UE developers to easily turn their application instantly into a metaverse experience. It is now available in a limited beta release.

Cavrnus also has relationships with companies like Epic Games, AWS, Meta and others as listed on their website. More information about Cavrnus can be found by visiting the website.

Pocket Dimension is a hyper-realistic digital world that is being built using the latest version of Unreal Engine in order to offer users a premium virtual experience.

Each Pocket Dimension features one of 11 different environments including archipelago, countryside, dale, dunes, fjord, marsh, savanna, tundra, woodland and zen – as well as the aforementioned Genesis Moon environment exclusively for Genesis membership holders.

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

Pocket Dimension is a private space representing an area size of approximately four acres, in which owners can visit, invite friends, display NFTs, create settings, collaborate with others or facilitate experiences through various utilities and uses.

Parcels provide their owners with additional unique benefits, such as being blockchain agnostic with wide NFT compatibility (Polygon, Ethereum, etc.), an extensive avatar system, a unique non-playable characters host system and more.

Dorian Banks, chief executive officer at LGL, said,

“We are excited to collaborate with Cavrnus in this way. Their expertise is complementary to ours, and we expect the outcome of our joint focus to be quite positive.

“In order to evolve in the metaverse sector, we believe that strategic relationships are vital, and we want to continue to create user-friendly and fulfilling metaverse experiences for Pocket Dimension holders.”

About Looking Glass Labs

Headquartered in Vancouver, British Columbia, Looking Glass Labs (‘LGL’) is a leading Web 3.0 innovation platform specializing in consumer engagement applications to leverage immersive metaverse environments, play-to-earn tokenization and blockchain monetization 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 $4,550,583, in addition to a perpetual five-percent royalty stream on secondary market sales.

To view LGL’s current investor presentation, please visit here. To join LGL’s mailing list, please subscribe via this link.

Contact

Dorian Banks, chief executive officer at LGL