Looking Glass Labs (LGL) said it has signed an agreement which forms the basis of a Strategic Development Partnership (SDP) with Cavrnus Inc.
Cavrnus is a brand that aims to push the limits of creativity in the metaverse sector. It offers brands, like LGL, versatility, stability, and security to build and share immersive metaverse experiences that inspire connection among users across space and time. Cavrnus is the leading provider of a scalable, security-first, enterprise-class metaverse builder and deployment platform.
The primary objective of the agreement is to co-develop immersive metaverse experiences for consumer brands, through the expansion of LGL’s Pocket Dimension metaverse by deploying to multiple operating and mobile systems for increased user accessibility, and the delivery of seamless, user-friendly metaverse builder and deployment tools, which is expected to result in the ability to fast-track Pocket Dimension products to other brands and partners.
“We are excited to collaborate with Cavrnus in this way. Their expertise is complementary to ours and we expect the outcome of our joint focus to be quite positive,” Dorian Banks, chief executive officer at LGL said in a statement.
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“In order to evolve in the metaverse sector, we believe that strategic relationships are vital and we want to continue to create user-friendly and fulfilling metaverse experiences for Pocket Dimension holders,” added Banks.
The SDP leverages the complementary strengths of both parties to provide early Web3 adopters with a comprehensive and seamless approach to metaverse engagements. To do so, the companies will share documentation, APIs and work cooperatively on go-to-market activities such as sales and marketing.
In addition to its full-stack SaaS products, Cavrnus has recently announced the Cavrnus Metaverse Connector plugin for Unreal Engine, which allows UE developers to easily turn their application instantly into a metaverse experience. It is now available in a limited-beta release. Cavrnus also has relationships with companies like Epic Games, AWS, Meta and others.
Pocket Dimension is a hyper-realistic digital world that is being built using the latest version of Unreal Engine in order to offer users a premium virtual experience. Each Pocket Dimension features one of eleven 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 their community, integrating custom structures and adding digital assets.
Pocket Dimension is a private space representing an area size of approximately four acres, in which owners can visit, invite friends, display NFTs, create settings, collaborate with others or facilitate experiences through various utilities and uses. Parcels provide their owners with additional unique benefits, such as being blockchain agnostic with wide NFT compatibility (Polygon, Ethereum, etc.), an extensive avatar system, a unique Non-Playable Characters host system and more.
Headquartered in Vancouver, British Columbia, LGL is a leading Web3 innovation platform specializing in consumer engagement applications to leverage immersive metaverse environments, play-to-earn tokenization and blockchain monetization strategies.
Its leading brand, House of Kibaa (HoK), designs and curates a next-generation metaverse for 3D assets, which allows functional art and collectibles to exist simultaneously across different NFT blockchain environments. HoK has successfully released digital assets including GenZeroes, which sold out in just 37 minutes for total proceeds to LGL of C$6.2 million, in addition to a perpetual 5% royalty stream on secondary market sales.
Contact the author at jon.hopkins@proactiveinvestors.com