LOOKING GLASS LABS LTD.N E W S R E L E A S ELGL Adopts AI Technology for Latest Product DropThe Company Continues to Embrace New Technologies Including Proprietary AI Tools to Increase the Utility of its Metaverse Offering for its Genesis MembersVancouver, British Columbia – December 15, 2022 / Cision / – Looking Glass Labs Ltd. (“LGL” or the “Company”) (NEO: NFTX) (AQSE: NFTX) (OTC: LGSLF) (FRA: H1N), a number one Web3 platform specialising in immersive metaverse environments, play-to-earn tokenisation and blockchain monetisation methods, proclaims that its wholly owned subsidiary, House of Kibaa (“HoK”), has integrated synthetic intelligence (“AI”) into its subsequent Genesis Member NFT airdrop (the “Airdrop”). Beginning on December 14, 2022, the Airdrop will characteristic digital belongings with imagery that was generated utilizing AI, guided by HoK’s inventive course. Over 900 digital belongings that includes 9 totally different designs are being deliberate to be distributed to over 800 Genesis memberships.The Genesis Membership permits holders first entry to buy HoK and HoK accomplice NFTs, obtain new digital belongings without charge by means of periodic airdrops and entry to a membership-solely Genesis Moon metaverse land. A proprietary AI program was utilized by the Company to provide numerous designs that had been overseen by HoK’s graphic artists for the digital belongings. The graphic artists used detailed textual content phrases as inputs into the AI program, thereby producing the preliminary distinctive picture ideas. The photos had been then high-quality-tuned by the HoK inventive group with additional phrasing to create the ultimate practical and excessive-definition character photos.Text-to-picture AI fashions are at present capturing a rising quantity of business consideration apart from LGL’s use of the expertise. The skill to generate 3-D digital content material is anticipated to have giant implications for areas together with gaming, animated filmmaking and the metaverse.1Management Commentary“Using AI to develop and execute the Airdrop to Genesis Members is a transparent manner of exhibiting that we’re embracing reducing-edge expertise for the good thing about our customers. The digital belongings airdropped to our Genesis Members might be prepared for use in our Pocket Dimension metaverse providing,” stated Dorian Banks, Chief Executive Officer at LGL. “We are proud to proceed including worth to the neighborhood and sit up for bringing extra innovation to our subsequent airdrop,” added Mr. Banks.Story continuesThe Directors of Looking Glass Labs take duty for this announcement.This announcement incorporates inside data for the needs of Article 7 of the Regulation (EU) No 596/2014 on market abuse.“Dorian Banks”Dorian Banks, Chief Executive OfficerTwitter: @DorianBanksFor additional data, please contact:Dorian BanksToll-Free: +1 833 LGL-NFTX (833-545-6389)Email: [email protected]: @LGL_ioWebsite: https://www.lgl.io/Novum Securities Limited, AQSE Corporate AdviserDavid Coffman/ George DuxberryTel: +44 (0)207 399 9400ABOUT LOOKING GLASS LABSHeadquartered in Vancouver, British Columbia, Looking Glass Labs (“LGL”) is a number one Web3 platform specialising in immersive metaverse environments, play-to-earn tokenisation and blockchain monetisation methods. Its main model, House of Kibaa (“HoK”), designs and curates a subsequent technology metaverse for 3D belongings, which permits useful artwork and collectibles to exist concurrently throughout totally different NFT blockchain environments. HoK has efficiently launched digital belongings to incorporate GenZeroes, which offered out in simply 37 minutes for whole proceeds to LGL of CAD 6.2 million, along with a perpetual 5% royalty stream on secondary market gross sales.To view LGL’s present investor presentation, please go to https://www.lgl.io/investors.To be a part of LGL’s mailing listing, please subscribe through the next hyperlink: https://www.lgl.io/contact-us.On behalf of LOOKING GLASS LABS LTD.“Dorian Banks”Dorian Banks, Chief Executive OfficerTwitter: @DorianBanksFor additional data, please contact:Dorian BanksToll-Free: +1 833 LGL-NFTX (833-545-6389)Email: [email protected]: @LGL_ioForward-Looking InfoThis information launch incorporates “ahead-trying statements.” Statements on this information launch that aren’t purely historic are ahead-trying statements and embrace any statements concerning beliefs, plans, expectations, or intentions concerning the long run. Such ahead-trying statements embrace, amongst different issues: the continued growth of Pocket Dimension, growth of immersive metaverse environments, play-to-earn tokenization and blockchain monetization methods; pursuing partnerships to monetize blockchain and Web3 alternatives; and the close to-time period tasks and future tasks.The materials assumptions supporting these ahead-trying statements embrace, amongst others, that: the Company might mitigate the dangers related to the blockchain and NFT business; the power to compete with different companies within the NFT market; the supply of ample funding to hold out the Company’s enterprise growth plans; beneficial market situations; the power of HoK to promote all or considerably all of its product choices; the market acceptance for its merchandise; and the power to distribute the Genesis Member airdrop.Although administration considers these assumptions to be affordable primarily based on data at present out there to it, they might show to be incorrect. These ahead-trying statements are solely predictions and contain identified and unknown dangers, uncertainties and different components, together with: the continued development and adoption of NFT and metaverse choices by the buyer market; the price of growing and designing NFTs and metaverses is economically viable; the Company having the ability to appeal to and retain a ample workforce with desired skillsets to develop the Company’s NFT and metaverse choices; the supply of choices supplied by third-events within the NFT, metaverse growth and on-line gaming market to establish potential transactions; the growing adoption of NFTs as an answer for numerous on-line gaming, leisure and collectible makes use of; the Company being able to mitigate the dangers related to the blockchain and NFT business; and the power to compete with different companies within the NFT, metaverse growth, content material creation and collectibles market.Although administration considers these assumptions to be affordable primarily based on data at present out there to it, they might show to be incorrect. These ahead-trying statements are solely predictions and contain identified and unknown dangers, uncertainties and different components, together with: the danger that the Company’s choices usually are not accepted by the buyer, the danger that different opponents could supply comparable digital choices; the danger that there could also be destructive adjustments on the whole financial and enterprise situations; the danger that the Company could have destructive working money circulation and never sufficient capital to finish the event of any of its applied sciences; the danger that the Company could not be capable of receive further financing as obligatory; the danger that there could also be will increase in capital and working prices; the danger that the NFT expertise could also be topic to fraud and different failures; the danger that there could also be technological adjustments and developments within the blockchain that make the NFT options out of date; dangers referring to regulatory adjustments or actions which can impede the event or operation of the blockchain options; the danger that different opponents could launch comparable blockchain choices; the potential future unviability of the NFT market on the whole; the risky value of the quantity of computational effort required to execute particular operations on the blockchain, and different common dangers concerned within the blockchain options.Risks and uncertainties in regards to the Company’s enterprise are extra totally mentioned within the Company’s disclosure supplies, together with its studies filed with the Canadian securities regulators and which will be obtained from www.sedar.com.Any of those dangers could trigger the Company’s precise outcomes, ranges of exercise, efficiency or achievements to be materially totally different from any future outcomes, ranges of exercise, efficiency or achievements expressed or implied by these ahead-trying statements. Further, though the Company has tried to establish components that would trigger precise outcomes, ranges of exercise, efficiency or achievements to vary materially from these described in ahead-trying statements, there could also be different components that trigger outcomes, ranges of exercise, efficiency or achievements to not be as anticipated, estimated or meant. These ahead-trying statements are made as of the date of this information launch, and the Company assumes no obligation to replace the ahead-trying statements, or to replace the the reason why precise outcomes might differ from these projected within the ahead-trying statements, besides as required by relevant legislation, together with the securities legal guidelines of the United States and Canada. Although the Company believes that any beliefs, plans, expectations and intentions contained on this information launch are affordable, there will be no assurance that any such beliefs, plans, expectations or intentions will show to be correct. The Company doesn’t assume any legal responsibility for disclosure referring to some other firm talked about herein.ENDNOTES:“4 Predictions About The Wild New World Of Text-To-Image AI”, Rob Toews, Forbes, September 11, 2022, https://www.forbes.com/sites/robtoews/2022/09/11/4-hot-takes-about-the-wild-new-world-of-generative-ai/?sh=76215ba913d9SOURCE: LOOKING GLASS LABS LTD.
https://news.google.com/__i/rss/rd/articles/CBMiS2h0dHBzOi8vdWsuZmluYW5jZS55YWhvby5jb20vbmV3cy9sb29raW5nLWdsYXNzLWxhYnMtbHRkLWxnbC0wODAxMDA2OTUuaHRtbNIBU2h0dHBzOi8vdWsuZmluYW5jZS55YWhvby5jb20vYW1waHRtbC9uZXdzL2xvb2tpbmctZ2xhc3MtbGFicy1sdGQtbGdsLTA4MDEwMDY5NS5odG1s?oc=5
Looking Glass Labs Ltd – LGL Adopts AI Technology for Latest Product Drop
