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Looking Glass Labs Ltd
Symbol NFTX
Shares Issued 111,367,089
Close 2022-04-25 C$ 0.475
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Looking Glass Labs to add DatChat to HoK metaverse

2022-04-26 11:31 ET - News Release

Mr. Dorian Banks reports

LOOKING GLASS LABS' SUBSIDIARY HOUSE OF KIBAA ANNOUNCES STRATEGIC ALLIANCE WITH DATCHAT FOR METAVERSE INTEGRATION

Looking Glass Labs Ltd.'s wholly owned studio, House of Kibaa (HoK), has entered into a strategic alliance with DatChat Inc. to integrate DatChat's NFT (non-fungible token) monetization platform into HoK's Project Origin metaverse. DatChat is a blockchain-enabled cybersecurity, metaverse advertising platform and social media company.

The Alliance establishes a working relationship between DatChat's VenVuu platform and HoK's Project Origin metaverse. The primary objective of the Alliance is to integrate the VenVuu NFT monetization platform into HoK's hyper realistic digital environment. Additionally, both entities are expected to mutually benefit from the cross-promotion of each other's platforms and products. Management Commentary

"The Alliance enables us to market and perform certain complimentary business activities together and seamlessly integrate the VenVuu NFT monetization platform into Project Origin. I expect this to strengthen DatChat's VenVuu presence as a leading NFT monetization platform while allowing HoK to leverage VenVuu to create further asset opportunities for content creators," said DatChat's CEO, Darin Myman.

"I would like to thank DatChat for crystalizing the Alliance with HoK. I look forward to our teams working together to develop better outcomes not only for our companies but also for content creators and the metaverse community at large. It is imperative at these early stages to keep adding value to the metaverse experience for our trusting community members and I feel that this Alliance with DatChat has the strong potential to do exactly that," added Jason Nguyen, Chief Creative Officer of LGL.

ABOUT DATCHAT, INC.

DatChat Inc. is a blockchain-enabled cybersecurity, metaverse advertising platform and social media Company. DatChat's Messenger & Private Social Network via application presents technology that allows users to change how long their messages can be viewed before or after users send them, prevents screenshots, and hides encrypted photos in plain sight on camera rolls. The Company's patented technology offers users a traditional texting experience while providing control and security for their messages. The Company continues to innovate and implement strategic initiatives to increase the adoption of blockchain technology and advance its Social Network+ and Metaverse initiatives. For more information, please visit datchat.com.

ABOUT LOOKING GLASS LABS

Headquartered in Vancouver, British Columbia, Looking Glass Labs ("LGL") is a Web3 platform specializing in non-fungible token ("NFT") architecture, immersive metaverse environments, play-to-earn tokenization and virtual asset royalty streams. 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. HoK plans to launch a hyper-realistic metaverse built on the latest version of Unreal Engine in 2022.

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