The Glimpse Group Creates a Fully Deployable Metaverse NFT

Rhea-AI Summary

The Glimpse Group (NASDAQ:VRAR) has introduced the Glimpse Medal NFT, a limited edition 3D collectible that is compatible across all Augmented and Virtual Reality platforms. This NFT exemplifies the company's commitment to Web3, NFTs, and the metaverse. Initially, the NFT will serve as access-enabling tokens for select VR and AR experiences for Glimpse employees. The company plans to expand its NFT capabilities as the metaverse develops, integrating its diverse array of technologies into the new Web3 ecosystem.

Positive

• Introduction of the Glimpse Medal NFT enhances Glimpse's position in the emerging NFT market.
• Glimpse Medal NFT is compatible across all VR and AR platforms, indicating strong technical capabilities.
• Potential for future revenue generation through the expansion of NFT offerings as the metaverse matures.

Negative

• None.

Glimpse Medal NFT Can Be Utilized Across All Augmented and Virtual Reality Platforms

NEW YORK, NY / ACCESSWIRE / January 20, 2022 / The Glimpse Group, Inc. (NASDAQ:VRAR)(FSE:9DR) ("Glimpse" or the "Company"), a diversified Virtual Reality and Augmented Reality ("VR" and "AR") platform company providing enterprise-focused VR and AR software & services solutions today announced the creation of a limited edition 3D collectible Glimpse Medal Non-Fungible Token ("Glimpse Medal NFT"), demonstrating its advanced capabilities and commitment to Web3, NFTs and the metaverse.

We believe that The Glimpse Medal is one of the first fully "metaverse-ready" NFTs which can seamlessly and easily be used across all augmented and virtual reality platforms - from AR on a mobile phone, to a 2D website on a computer, to a VR headset and brought into all existing (and future) NFT based virtual worlds such as Decentraland, CryptoVoxels, and The Sandbox.

Video Link: https://player.vimeo.com/video/665315920

Jordan Gutt, who heads the NFT initiatives within Glimpse commented, "the limited edition Glimpse Medal will initially be used by Glimpse employees as access-enabling tokens for select Glimpse VR and AR enterprise-focused experiences. As the metaverse matures, Glimpse plans to continue expanding its NFT capabilities and offerings by integrating its wide array of VR and AR technologies, across its diverse base of subsidiary companies, into the emerging Web3 ecosystem and related business applications."

About The Glimpse Group, Inc.

The Glimpse Group (NASDAQ: VRAR) is a diversified Virtual and Augmented Reality platform company, comprised of multiple VR and AR software & services companies, and designed with the specific purpose

of cultivating companies in the emerging VR/AR industry. Glimpse's unique business model simplifies challenges faced by VR/AR companies and creates a robust ecosystem, while simultaneously providing investors an opportunity to invest directly into the emerging VR/AR industry via a diversified platform. For more information on The Glimpse Group, please visit www.theglimpsegroup.com

Safe Harbor Statement

This press release does not constitute an offer to sell or a solicitation of offers to buy any securities of any entity. This press release contains certain forward-looking statements based on our current expectations, forecasts and assumptions that involve risks and uncertainties. Forward-looking statements in this release are based on information available to us as of the date hereof. Our actual results may differ materially from those stated or implied in such forward-looking statements, due to risks and uncertainties associated with our business. Forward-looking statements include statements regarding our expectations, beliefs, intentions or strategies regarding the future and can be identified by forward-looking words such as "anticipate," "believe," "view," "could," "estimate," "expect," "intend," "may," "should," and "would" or similar words. All forecasts are provided by management in this release are based on information available at this time and management expects that internal projections and expectations may change over time. In addition, the forecasts are entirely on management's best estimate of our future financial performance given our current contracts, current backlog of opportunities and conversations with new and existing customers about our products and services. We assume no obligation to update the information included in this press release, whether as a result of new information, future events or otherwise.

Glimpse Contact:

Maydan Rothblum
CFO & COO
The Glimpse Group, Inc.
917-292-2685
maydan@theglimpsegroup.com

Investor Relations:

Mark Schwalenberg, CFA
Director
MZ Group - North America
312-261-6430
Glimpse@mzgroup.us
www.mzgroup.us

SOURCE: The Glimpse Group, Inc.

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FAQ

What is the Glimpse Medal NFT?

The Glimpse Medal NFT is a limited edition 3D collectible that can be utilized across all Augmented and Virtual Reality platforms.

How does the Glimpse Medal NFT impact the metaverse?

The NFT demonstrates Glimpse's commitment to Web3 and the metaverse, allowing for interoperability across various digital worlds.

What are the initial uses of the Glimpse Medal NFT?

Initially, the NFT will be used as access-enabling tokens for select VR and AR experiences by Glimpse employees.

What is the stock symbol for The Glimpse Group?

The stock symbol for The Glimpse Group is VRAR, traded on NASDAQ.