Looking Glass Labs Ltd (LGL) has announced that its wholly-owned subsidiary, House of Kibaa (HoK) has significantly advanced the development of its Pocket Dimension metaverse offering.
Through the impending achievement of numerous avatar-based and architecture-related milestones, the company said it expects to set a new standard for the metaverse industry.
“By staying focused on the development of the best Pocket Dimension experience possible for our users, we already have and still are achieving new milestones for the metaverse industry on an ongoing basis. Creating unique, realistic and enjoyable experiences for our users in the virtual realm is our main priority. We firmly believe that the Pocket Dimension will continue to garner positive feedback as we roll it out more fully in 2023,” said Dorian Banks, chief executive officer of LGL in a statement.
“We are committed to heightening both user and client engagement by executing on innovative initiatives and, in turn, adding value to LGL as a company,” he added.
READ: Looking Glass Labs provides 2023 outlook and summary of most significant achievements throughout 2022
Pocket Dimension has already reached, and will soon also reach, several new thresholds for its digital world:
- 10,000 unique generative avatars in ultra-high resolution via Unreal 5;
- 12,000 unique generative Gutter Cat Gang avatars in ultra-high resolution;
- Holders own their metaverse to use and design as they so choose;
- Holders of membership tokens are each entitled to receive a free metaverse; and
- A generative avatar project with a spin-off live-action video series, GenZeroes.
Previously, the Alpha Update of Pocket Dimension Alpha Update release in the fourth quarter of 2022 included the following upgrades for users:
- 11 unique four-acre parcels of ultra-realistic land;
- Two stock playable avatars;
- Four NFT art galleries displaying stock artwork;
- Non-player character host interactions; Mini games; and
- The Gutter Trap House in affiliation with the Gutter Cat Gang.
The 2022 end-of-year update to Pocket Dimension currently in progress includes the following enhancements:
- Ultra-high-resolution art galleries to display a user’s NFTs from their connected wallet;
- A larger collection of approximately 60 stock playable avatars; and
- A patch manager for easier access to future updates (Windows build-only, at this time).
In early 2023, HoK will be working to add Unity 4 and pixel streaming to Pocket Dimension. This addition is designed to enable Pocket Dimension to be available on virtually any device and bandwidth connection, which is expected to be a milestone for the metaverse industry.
Change of directors
LGL also announced that Carl Chow has resigned from its board of directors to pursue other endeavours and that Lucas Russell has been appointed to the board of directors effective today.
The company noted that Russell has over a decade of experience in the financial markets and has been involved with entrepreneurial businesses for over 15 years, including the development and financing of start-ups. He has served on boards and executive teams of several publicly traded companies, guiding them from private to public corporations including the turnaround and eventual sale of a cannabis company that was led from near bankruptcy to an eight-figure exit in under two years.
Russell has been an early and active investor in several successful crypto start-ups and currently serves as CEO & president of Cloud Nine Web3 Technologies, where he is actively developing new Web3 technologies and implementing its new business strategy and direction. He is passionate about building company value and finding accretive acquisitions for corporations.
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, 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