[PRESS RELEASE – Vancouver, British Columbia, 20th October 2022]

Holders will gain access to the alpha build on November 1, 2022, which is being engineered to provide the highest resolution and most realistic metaverse 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 (“NFT”) architecture, immersive metaverse environments, tokenization of play to win, and royalty streams of virtual assets, announces that its flagship studio, House of Kibaa (“HoK”) has set the release date for the next step in the phased release (the “Launch alpha”) of your Pocket Dimension Metaverse Assets by November 1, 2022. The company’s metaverse is being designed to provide the highest resolution and most realistic experience technically possible today.

HoK has been constantly developing its metaverse assets to meet the significant demand expected over the next decade. As recently reported in the Wall Street Journal, annual global spending by businesses and consumers related to the metaverse could reach $5 trillion by 2030, according to a new report from consulting firm McKinsey & Co. E-Commerce in the Metaverse will comprise $2.0-2.6 billion of the total, while virtual advertising efforts will account for another $144-206 billion.

The Alpha Release will introduce owners to the overall HoK metaverse experience, with the specific goals of testing simple features of each Pocket Dimension, exploring the environments, and testing multiplayer capabilities. HoK has been developing 11 ultra-realistic environments including ten original Pocket Dimension environments and one Genesis Moon environment, all created with Unreal Engine 5. The Alpha version plans to add more utility to each starter’s Web3 metaverse experience. HoK Genesis members will also have access to their Genesis Moon environment. The alpha release will give access to early versions of the following features:

Closed holder access; Multiplayer lobby options; text chat capability; 2 default avatar players; NPC hosts; In-game minigames; NFT interactions with image, video and text; and different architectures, for example HoK Lava Temple Gallery and Gutter Cat Gang Trap House

After the alpha launch, HoK will collect user feedback to continue creating additional features, with the goal of releasing the full-featured Pocket Dimension to users in 2023 so they can start building their own virtual worlds.

Background

The Pocket Dimension metaverse is a hyper-realistic digital world that is being built using the latest version of the Unreal Engine to offer users a premium virtual experience. Pocket Dimensions features ten different environments, including Archipelago, Countryside, Dale, Dunes, Fjord, Marsh, Savanna, Tundra, Woodland, and Zen, as well as the aforementioned Genesis Moon environment exclusively for Genesis Membership holders. Each environment offers users various forms of utility including, but not limited to, hosting events with your community, integrating custom structures, and adding digital assets.

Pocket Dimension is a private space representing an area of ​​approximately four acres where owners can visit, invite friends, showcase NFTs, create builds, collaborate with others, or facilitate experiences through various utilities and uses. The packs provide their owners with additional unique benefits, such as being blockchain independent with extensive NFT support (Polygon, Ethereum, etc.), an extensive avatar system, a unique NPC host system, and more. Landowners will also have access to the broader set of public services that HoK will develop over time.

Management comment

“As the metaverse and NFTs continue to experience rapid growth and adoption, it is important that HoK make Pocket Dimension available to users as soon as possible. Early adopters of Pocket Dimension are eager to start building their virtual spaces and establishing their presence in the metaverse,” said Dorian Banks, CEO of LGL. “I believe that future collaborations with well-known music, sports and entertainment entities will be a catalyst for both the HoK metaverse and the broader metaverse ecosystem on a global scale,” added Mr. Banks.

ABOUT LOOKING GLASS LABS

Headquartered in Vancouver, British Columbia, Looking Glass Labs (“LGL”) is a Web3 platform that specializes in non-fungible token (“NFT”) architecture, immersive metaverse environments, play-to-win tokenization, and royalty streams. virtual assets. Its leading brand, House of Kibaa (“HoK”), designs and curates a next-generation metaverse for 3D assets, allowing functional art and collectibles to exist simultaneously in different NFT blockchain environments. HoK has successfully launched digital assets to include GenZeroes, which sold out in just 37 minutes for a total revenue for LGL of CAD 6.2 million, plus a perpetual 5% royalty stream on aftermarket sales. HoK plans to release a hyper-realistic metaverse based on the latest version of the Unreal Engine in 2022.

To view LGL’s current investor presentation, please visit https://www.lgl.io/investors.

To join the LGL mailing list, please subscribe via the following link: https://www.lgl.io/contact-us.

SPECIAL OFFER (Sponsored)
Binance Free $100 (Exclusive) – Use this link to sign up to receive $100 free and 10% off Binance Futures first month fees (terms).

PrimeXBT Special Offer: Use this link to sign up and enter the code POTATO50 to receive up to $7,000 on your deposits.



This post Looking Glass Labs sets release date for alpha release of Pocket Dimension metaverse assets

was published first on https://cryptopotato.com/looking-glass-labs-sets-launch-date-for-alpha-release-of-pocket-dimension-metaverse-assets/

Author

Write A Comment