Looking Glass Labs (LGL) is a leader in virtual asset royalties streams and non-fungible token architecture.

LGL completed its remarkable initial public offer (IPO) via the NEO Exchange. It became the first NFT-focused publicly traded company. Looking Glass Labs concluded a private non-brokered private placement for 5 million shares in November. Each unit was offered for CAD 0.50, which generated CAD 2.5million. These securities can be held for a period of three years.

Market Opportunity

Metaverse: A virtual environment that incorporates virtual and enhanced realities, animation, design, and other technologies. Metaverse users can use avatars to make friends, meet up with others, do shopping, work and play video games. It is possible to simulate the whole social and economic system of the real world within a metaverse as it grows. Emergen Research estimates that the global metaverse market will reach $47.69 Billion USD by 2020. This is despite the fact that the metaverse concept is just beginning. It also forecasts an increase of 43.3% through 2028.

Market for Non-Fungible Tokens (NFT), which is worth over $7 billion already, has no limit to its potential growth. There are approximately 200,000 wallets that participate in the NFT market as of October 30, 2021. Coinbase (NASDAQ) is the largest digital currency exchange with over 68,000,000 verified users. There is still a lot to do. NFTs are not likely to be popularized by the general public. However, artists such as Jay-Z and Snoop Dogg have launched NFTs. Others will soon follow their lead. NFTs are like investing in your savings in 2010, 2015, and 2010.

Metaverse-based uses of NFTs will continue to grow as the topic of metaverses expands. NFTs become more useful as they integrate into a metaverse. NFTs play a central role in driving metaverse experiences. The relationship between NFTs, metaverses, and digital assets is growing stronger, as they both evolve and become more dependent.

Looking Glass Labs is a leader in NFT Architecture

LGL has patented technology, and is implementing a security first strategy. This virtual universe will allow people and companies to connect and conduct business in new and exciting ways. LGL has the potential to become the leading agency for corporate solutions. Where Facebook (NASDAQ:) is creating an easy-to-deploy MVP of the metaverse, Looking Glass Labs aspires to create a more advanced, 3D-ready, secure, and hyper-realistic metaverse that will become the infrastructure for the world’s most demanding organizations.

LGL does not rule out consumer-facing opportunities. House of Kibaa (HoK), Looking Glass Labs’ wholly-owned subsidiary, has already generated CAD 7.5 million in revenues this year and its growth trajectory has been impressive to date. HOK, LGL’s flagship studio works to create next-generation NFTs and metaverses. These will be able to integrate HoK’s 3D ready NFTs.

Looking Glass Labs has also coined the term “utility NFT” (uNFT). A uNFT, or NFT with 3D capabilities and embedded functional attributes that provide lasting utility and add to a metaverse.

Future acquisitions

LGL performs extensive due diligence monthly on many potential acquisitions and evaluates three criteria before making any investment. These are the team, technology and utility of NFT/metaverse. This ensures that acquisitions and their future projects have passed the highest level of scrutiny—similar to that performed by Wall Street investors or private equity firms.

This all points out the fact That Looking Glass Labs has become the star of the metaverse.

Disclosure: This author received compensation for his independent analysis. Author does not hold shares, nor do he intend to in the near future. It is important to research the stock market before investing.

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