Invest in the Metaverse
Looking Glass Labs provides shareholders with diversified access to the NFT markets, with multiple revenue streams and significant growth opportunities.
House of Kibaa Revenue Model
HoK deploys a tiered revenue model that began with the commercial launch of its Genesis Membership NFT in Q2 2021, followed by continued investments in research and development to drive revenues from five streams.
Initial Revenue Streams
As of October 13, 2021, HOK’s first NFT drops and membership sales have generated over $7M in revenue.
Genesis Membership
Initially minted Genesis Memberships were sold by HoK for US$500 each, generating ~US$490,000 in proceeds over a four-week period.
The Genzero Drop
HoK devised a generative series of 10,000 unique 3D avatars, called GenZeroes, which it sold to in a wildly anticipated NFT sale on September 30, 2021. In under forty minutes, all 10,000 GenZero NFTs were sold and delivered to the blockchain wallets of 3,000 new owners resulting in ~CAD$6.2M in revenue.
As of October 7, 2021 nearly CAD$1M in GenZero NFT resales have occurred of which HoK achieves a lifetime royalty stream of 5% on all resales.
Meet our leadership team
We've assembled a team with diversified interests in NFTs and cryptocurrencies, with significant public markets experience.
Mr. Banks is an international serial entrepreneur, having started dozens of businesses in Europe, Africa, Asia and North and South America. For over 25 years, he has primarily worked in the tech, agri-tech and blockchain sectors. Mr. Banks primarily works to identify up-and-coming trends, develop a business model and turn the idea into a successful business. He has also consulted globally on the sectors he has most expertise. Mr. Banks has served on over a dozen public Boards and taken his own startups to the public markets such as MetroBridge Networks which he started as a one-man operation. He also has served in larger corporations such as Chief Knowledge Officer of Voith GmbH in Germany. He continues as Managing Director of Design Build Research, a non-profit educating around sustainable building practices.
Mr. Rowe is a Chartered Professional Accountant and holds a Bachelor of Science degree from the University of Northern British Columbia. He has provided accounting and tax services to a wide range of business and personal clients. In addition, he currently serves as a Director and Chief Financial Officer for several public and private entities.
A serial entrepreneur, Mr. Stevenson-Moore was the CEO and founder of StylePixi, a retail technology company that leverages Artificial Intelligence and advanced algorithms to disrupt the $25 trillion dollar retail market. Building off the success of StylePixi, Neil moved to London UK as he was selected to be the head of online giant Farfetch’s “Store of the Future”. Farfetch is recognized as a world leader in consumer retail technology and is currently valued in excess of $1.5B. Neil has since co-founded and helped to build SportNinja into a fast growing player in the $200B amatuer sports industry. Mr. Stevenson-Moore brings a wealth of consumer engagement and marketing experience to the Looking Glass team, and will be instrumental in developing an exciting go to market strategy.
Meet our Board of Directors
Looking Glass Labs has appointed board members with significant capital markets and financial expertise to help guide the company.
Mr. Deffett is a senior capital markets professional with over 15 years of experience in the Canadian equity markets. Mr. Deffett began his career at RBC Capital Markets and has held senior positions in both sales and trading at various Canadian banks and independent dealers, most recently as Managing Director and Head of Institutional Sales at Laurentian Bank. He has extensive experience in capital raising, shareholder communication and capital markets strategy. Mr. Deffett is also the interim CEO and vice president of capital markets of KetamineOne Capital Limited. Mr. Deffett graduated with a Bachelors of Commerce from the University of Calgary and is a CFA Charterholder.
Mr. O’Flaherty is a Chartered Accountant and a Chartered Financial Analyst. He also holds a degree in Economics from Union College, in Schenectady, NY. Mr. O’Flaherty has several years of experience in financial services, including public accounting and wealth management. He has worked for a recognized accounting firm and two recognized banking institutions.
Mr. Chow is a telecommunications Consultant, at Shaw Communications responsible for designing, implementing, and upgrading cost-effective telecommunication systems for both residential and commercial clientele. Mr. Chow served on the board of directors for a Singapore domiciled company, Interact Investments Inc., from 2010 to 2015. Mr. Chow held a position as an Investor Relations senior manager for NewAge Financing Limited, from 2006 until 2009. His role and responsibilities were composed of liaising with start-up companies and locating strategic Venture Capital funding. Prior to this position he served as CEO and director of Meadow Springs, Inc. and as a director of Lido Minerals Corp. (now Highlander Silver Corp.) Mr. Chow completed a diploma in Financial Management from the British Columbia Institution of Technology.
News Releases
The latest news and news releases from Looking Glass Labs and our subsidiaries.
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