[PRESS RELEASE – Vancouver, British Columbia, 20th October 2022]
Edition holders will have access to the Alpha release on November 1, 2022, which is designed to provide the highest resolution and most realistic experience technically possible today.
Looking Glass Labs Ltd. (“LGL” or “the Company”) (NEO: NFTX) (OTC: LGSLF) (FRA: H1N), a leading Web3 platform specializing in non-fungible token engineering (“NFT”), immersive metaverse environments, gameplay-learning coding and streams Ownership of Virtual Assets, announces that the main studio, House of Kibaa (“HoK”) has set the release date for the next phase of the add-on (“Alpha Edition”) of the Pocket Dimension metaverse assets for November 1, 2022. The company’s Metaverse is designed to provide the highest resolution The most realistic experience is technically possible today.
HoK is steadily developing its metaverse assets to meet the high expected demand for them over the next decade. As recently reported in the Wall Street Journal, annual business and consumer spending related to metaviruses could reach $5 trillion by 2030, according to a new report from consultancy McKinsey & Co. E-commerce in the metaverse will comprise $2.0-2.6 trillion of the total, while virtual advertising endeavors will make up another $144-206 billion.
The Alpha Edition will feature holders of the comprehensive metaverse experience of HoK, with specific goals to test simple features in each pocket dimension, explore environments, and stress-test multiplayer abilities. HoK 11 developed a hyper-realistic environment that includes ten original Pocket Dimension environments and a Genesis Moon environment, all built with the Unreal Engine 5. The Alpha Edition plans to add additional value to each owner’s Web3 metaverse experience. HoK Genesis members will also have access to their own Genesis Moon environment. Alpha version provides access to older versions of the following features:
- access gate holder;
- multiplayer lobby options;
- The possibility of text chat.
- 2x default avatar players;
- NPC hosts;
- In-game mini-games;
- NFT interactions with images, video, and text; And the
- Various buildings, such as HoK Lava Temple Gallery and Gutter Cat Gang Trap House
After the Alpha release, HoK will collect feedback from users to continue building additional features, with the goal of launching the full Pocket Dimension for users in 2023 so they can start building their own virtual worlds.
The Pocket Dimension metaverse is a hyper-realistic digital world created with the latest version of Unreal Engine to provide users with an excellent virtual experience. Pocket Dimensions features ten different environments including Archipelago, Countryside, Dale, Dunes, Fjord, Marsh, Savanna, Tundra, Woodland, and Zen, plus the aforementioned Genesis Moon environment exclusive to Genesis membership holders. Each environment offers users different forms of assistance including but not limited to holding events with their community, integrating custom structures, and adding digital assets.
Pocket Dimension is a private space representing an area of approximately four hectares where owners can visit, invite friends, view NFTs, create settings, collaborate with others, or facilitate experiences through various tools and uses. Packages provide their owners with additional unique benefits such as being neutral on the blockchain with broad NFT compatibility (Polygon, Ethereum, etc.), a comprehensive avatar system, a unique host system for non-playable characters, and more. Landowners will also have access to a broader set of tools that HoK will develop over time.
“As the metaverse and NFT continue to see rapid growth and adoption, it is important for HoK to make Pocket Dimension available to users as soon as possible. Early users who purchased Pocket Dimension are eager to start building their virtual spaces and establish their presence,” said Dorian Banks, Managing Director at LGL. into the metaverse.” “I believe that collaborations with well-known music, sports and entertainment companies will be a catalyst for both the HoK metaverse and the broader metaverse ecosystem on a global scale,” Banks added.
About Exterior Glass Labs
Headquartered in Vancouver, BC, Looking Glass Labs (“LGL”) is a Web3 platform specializing in non-fungible token engineering (“NFT”), immersive metaverse environments, coding for play-for-profit, and virtual asset ownership flow. . Its flagship brand, House of Kibaa (“HoK”), designs and sponsors the next generation of the 3D asset metaverse, allowing functional arts and collectibles to co-exist in different NFT blockchain environments. HoK successfully released digital assets to include GenZeroes, which sold out in just 37 minutes for total LGL revenue of C$6.2 million, as well as a permanent ownership inflow of 5% on secondary market sales. HoK plans to release the hyper-realistic metaverse based on the latest version of the Unreal Engine in 2022.
To see LGL’s current investor presentation, visit https://www.lgl.io/investors.
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