Looking Glass Labs Ltd (LGL) has announced the appointment of Ben Yu as a new member of the company’s strategic advisory board.
LGL said it anticipates that Yu will contribute to the company’s ability to shape its competitive strategy, pursue select opportunities, launch new products and services, optimize revenue streams and drive long-term value creation.
“Mr Yu has a very impressive track record in technology and entrepreneurship, which we believe can lead to new opportunities for LGL while also maximizing the value of our current pursuits,” Looking Glass Labs CEO Dorian Banks said in a statement.
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"As we continue to gain momentum, it is imperative to ensure that we have expert guidance at our disposal with respect to our top business objectives in all applicable markets, especially in the APAC (Asia-Pacific) region,” Banks added.
The company noted it is actively seeking to grow its international presence as it carries out its business activities in the Americas as well as the APAC region.
Yu is an inaugural recipient of the Thiel Fellowship, which is a US$100,000 grant given by PayPal (NASDAQ:PYPL) Founder Peter Thiel to 20 entrepreneurs under the age of 20.
Yu also founded Curious Addys and rose to fame via business and lifestyle video content published through Facebook that amassed more than 50 million total views, according to LGL.
The company also said it has granted 50,000 incentive share purchase options to Yu, with each share purchase option being exercisable for a period of two years at an exercise price of C$0.80 per company common share. The options vest after four months from the grant date.
As well, LGL reported that its chief creative officer, Jason Nguyen, will be speaking on March 18, 2022, and hosting a workshop at Nas Summit 2022 being held at the Address Sky View Hotel in Dubai from March 17-19, 2022.
Nguyen is a principal of LGL's leading House of Kibaa (HoK) brand, where he has successfully scaled HoK into a celebrated Web3 studio at the forefront of technologies across the non-fungible token (NFT), metaverse and play-to-earn verticals, the company noted.
Headquartered in Vancouver, British Columbia, Looking Glass Labs is a digital platform specializing in non-fungible token architecture, immersive extended reality metaverse design, and virtual asset royalty streams.
Contact Sean at sean@proactiveinvestors.com