Looking Glass Labs sets the start date for the Alpha release of Pocket Dimension Metaverse Assets

October 20, 2022 – Vancouver, British Columbia

On November 1st, 2022, owners will have access to the alpha version, which is designed 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 Web 3.0 platform specializing in NFT architecture, immersive metaverse environments, play-to-earn tokenization and Virtual Asset Royalties, announces that its flagship studio House of Kibaa (‘HoK’) has extended the start date for the next step in the phased release (the ‘Alpha Release’) of its Metaverse assets from Pocket Dimension to April 1, 2020 November , 2022.

The company’s Metaverse was designed to provide the highest resolution and most realistic experience technically possible today.

HoK has steadily evolved its Metaverse assets to meet the significant expected demand for them 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 and Co., e-commerce in the Metaverse will account for $2.0 trillion to $2.6 trillion of the total, while virtual advertising will account for another $144 billion to $206 billion.

The Alpha release will introduce holders to HoK’s overall Metaverse experience, with specific goals of testing simple functions of each pocket dimension, exploring the environments, and stress testing multiplayer skills.

HoK has developed 11 ultra-realistic environments, including 10 original Pocket Dimension environments and a Genesis Moon environment – all created with Unreal Engine Five.

The alpha release plans to continue leveraging each owner’s Web 3.0 metaverse experience. HoK Genesis members also have access to their Genesis Moon environment.

The Alpha release provides access to early versions of the following features.

• Closed access for owners
• Multiplayer Lobby Options
• Text chat feature
• Two default avatar players
• NPC hosts
• in-game mini-games
• NFT interactions with image, video and text
• Different architectures – for example the HoK Lava Temple Gallery and the Gutter Cat Gang Trap House

After the alpha release, HoK will gather feedback from users to develop more features with the aim of releasing fully featured Pocket Dimension in 2023 for users to start building their own virtual worlds.

About Pocket Dimension

The Pocket Dimension metaverse is a hyper-realistic digital world built with the latest version of the Unreal Engine to offer users a premium virtual experience.

Pocket Dimensions features 10 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 provides users with different forms of utilities, including but not limited to hosting events with their community, integrating custom structures, and adding digital assets.

Pocket Dimension is a four-acre private space that owners can visit, invite friends, view NFTs, create settings, collaborate with others, or enable experiences through various utilities and uses.

Packs offer additional unique benefits to their owners, such as blockchain-agnostic with broad NFT compatibility (Polygon, Ethereum, etc.), extensive avatar system, unique host system for non-playable characters, and more. Landowners will also have access to a wider range of utilities that HoK will develop over time.

Dorian Banks, Chief Executive Officer of Looking Glass Labs said:

“As the Metaverse and NFTs continue to experience rapid growth and adoption, it is important for HoK to get Pocket Dimension available to users as soon as possible. Early adopters who have purchased Pocket Dimension are keen to begin building their virtual spaces and establishing their presence in the metaverse.

“I believe future 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.”

About Looking Glass Labs

Headquartered in Vancouver, British Columbia, Looking Glass Labs (LGL) is a Web 3.0 platform specializing in NFT architecture, immersive metaverse environments, play-to-earn tokenization and virtual asset royalty streams.

Its leading brand, House of Kibaa (HoK), is designing and curating a next-generation metaverse for 3D assets, allowing functional art and collectibles to coexist on different NFT blockchain environments.

HoK has successfully launched digital assets including GenZeroes, which sold out in just 37 minutes and brought LGL total proceeds of $4.5 million, in addition to a five percent ongoing royalty on aftermarket sales. HoK plans to launch a hyper-realistic Metaverse in 2022 powered by the latest version of the Unreal Engine.

To view LGL’s latest investor presentation, please visit here.

To join the LGL mailing list, please sign up using this link.

Contact

Dorian Banks, CEO of Looking Glass Labs

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