Looking Glass Labs Ltd. (LGL) said it has entered into a collaborative arrangement with YellowBlocks, a leading business-to-business gateway for emerging technology ecosystems in the Asia-Pacific region (APAC).
Through the arrangement, LGL said it expects to be matched with advisors, collaborators and potential new clients in various APAC markets. The arrangement also positions LGL to become a potential gateway for existing metaverse and NFT players in Southeast Asia to enter the North American market.
"We are excited to work closely with YellowBlocks as the opening date of our Vietnam Web3 office approaches. We expect our expansion into Vietnam to be greatly improved by the knowledge, connections and acumen of a local liaison such as YellowBlocks,” Dorian Banks, chief executive officer of LGL said in a statement.
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“Their gateway platform will act as a connector between LGL and the local technology and start-up ecosystem in Southeast Asia. As the metaverse and NFTs continue to gain popularity worldwide, our objective is to keep pace with that growth in the world's best labour markets, of which Vietnam is definitely one of them,” he added.
Based in Ho Chi Minh City, Vietnam, YellowBlocks has a network that spans over 40 countries, including notable members in the start-up community, academia and government as well as private-sector entities.
“I believe that this relationship between LGL and YellowBlocks will be mutually beneficial, and potentially also for firms that cooperate with YellowBlocks and are looking to enter the North American market where we have established a strong market position,” Banks noted.
LGL anticipates that YellowBlocks will be instrumental in helping to recruit talent in the Ho Chi Minh City area, to contribute to the global commercialization of its offerings.
LGL recently announced that it will be opening an office in Vietnam in 2022 to complement its global headquarters in Canada as it seeks to establish a presence throughout Southeast Asia where metaverse and NFT technologies have proven to be popular.
Headquartered in Vancouver, British Columbia, LGL is a digital platform specializing in non-fungible token architecture, immersive extended reality metaverse design, and virtual asset royalty streams.
Contact the author at jon.hopkins@proactiveinvestors.com