October 20, 2022 – Vancouver, British Columbia
Data holders will get access to the Alpha version on November 1, 2022, which is designed to provide the highest resolution and most realistic experience that is technically possible today.
Looking Glass Labs Ltd. (“LGL” or “the Company”) (NEO: NFTX) (OTC: LGSLF) (FRA: H1N), the leading Web 3.0 platform specializing in NFT architecture, immersive metaverse environments, play for profit, virtual asset ownership flows and tokens, announces that the main studio, House of Kibaa (‘HoK’) has set a release date for the next step in the phased release (‘alpha release’) of the Pocket Dimension metaverse assets of November 1, 2022.
The company’s Metaverse is designed to provide the highest resolution, most realistic experience technically possible today.
HoK is steadily developing its metaverse assets in order to meet the huge demand expected for it over the next decade.
As recently reported in the Wall Street Journal, annual global spending by companies and consumers related to metaviruses could reach $5 trillion by 2030. new report From the consulting firm McKinsey and 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.according to
The alpha release will showcase holders of the comprehensive metaverse experience of HoK, with specific goals to test the simple features of each Pocket Dimension, and explore environments and multiple stress testing capabilities.
HoK develops 11 ultra-realistic environments including 10 Pocket Dimension environments and 1 Genesis Moon environmentCreated with Unreal Engine Five.
The alpha release plans to add more facilities to each carrier’s Web 3.0 metaverse experience. HoK Genesis members will also have access to their own Genesis Moon environment.
The alpha release will allow access to older versions of the following features.
- gated stand access
- Multiplayer Lobby Options
- The ability to text chat
- Two virtual avatar players
- NPC hosts
- In-game mini games
- NFT interactions with images, video, and text
- different buildings For example, HoK Lava Temple Gallery and Gutter Cat Gang Trap House
After the release of Alpha, HoK will collect feedback from users in order to continue building additional features, with the goal of launching a full-featured Pocket Dimension for users in 2023 so they can start building their own virtual worlds.
About pocket dimensions
The Pocket Dimension metaverse is a hyper-realistic digital world created with the latest version of Unreal Engine in order to provide users with an excellent virtual experience.
Pocket Dimensions features 10 different environments including Archipelago, Countryside, Dale, Dunes, Fjord, Marsh, Savanna, Tundra, Woodland and ZenIn addition to the above mentioned Genesis Moon environment exclusively for Genesis membership holders.
Each environment offers users different forms of facilities including but not limited to hosting events with their 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, view NFTs, create settings, collaborate with others, or facilitate experiences through various facilities and uses.
Parcels 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 wider range of facilities that HoK will develop over time.
Dorian BanksCEO of Looking Glass Labs said,
“As the metaverse and NFTs continue to see rapid growth and adoption, it is important for HoK to make Pocket Dimension available to users as soon as possible. Early adopters who purchase Pocket Dimension are keen to start building their virtual spaces and establish their presence in the metaverse.
“I believe that collaborations with upcoming popular music, sports and entertainment entities will be a catalyst for both the HoK metaverse as well as the broader metaverse ecosystem on a global scale.”
About Looking for Glass Labs
Headquartered in Vancouver, BC, Looking Glass Labs (LGL) is a Web 3.0 platform that specializes in NFT architecture, immersive metaverse environments, Play-to-win coding, and virtual asset ownership streaming.
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 across different NFT blockchain environments.
HoK successfully released digital assets to include GenZeroes, which sold out in just 37 minutes with total LGL revenue of $4.5 million, as well as a permanent ownership stream 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 view LGL’s current investor presentation, please visit over here.
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Dorian Banks, CEO, Looking Glass Labs
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