The extract coming from a rare, blue-green algae that's touted to have retinoid-like effects but without the side effect. If you do not know what retinoids are, you are seriously missing out, please click here and catch up on the topic.
To be more specific about the "retinoid-like effects", the manufacturer found that Lanablue (the trade name of this algae) affects gene expression (a fancy way of saying how an ingredient might influence how a skin cell produces different things such as proteins) and regulates epidermal differentiation (how skin cells at the bottom of the top layer of our skin replicate) similar to good-old retinol. However, that is only in-vitro (made in test-tubes) data, that may or may not happen on real human skin.
As far as clinical data goes, the manufacturer did a 21 days study with 40 volunteers and found that 3% Lanablue showed a "clear reduction of the skin microrelief", or to say it in another way, it made the skin smoother. Based on the data we have seen, we find that claiming "retinoid-like effects" for this algae is an exaggeration. If you are into retinol alternatives, Bakuchiol is a more promising molecule to check out.