Looking Glass Labs Ltd has announced that its flagship studio, House of Kibaa (HoK), has listed all 10,000 of its GenX NFTs on Rarity.Tools, a leading global index of non-fungible tokens (NFTs).
Rarity is a website dedicated to ranking generative art and collectible NFTs by rarity, as determined by a proprietary algorithm.
GenX is HoK’s first franchise project, with each GenX NFT providing a tiered membership in HoK. The studio’s other NFT projects have enjoyed “remarkable success” recently, including the sale of all 10,000 GenZeroes NFTs in just 37 minutes for total proceeds of approximately C$6.2 million, the company said.
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“Rarity has earned the reputation of being the de facto NFT listing site by simplifying the process of interpreting an NFT’s scarcity and potential value in a meaningful and measurable manner,” said Dorian Banks, CEO of Looking Glass in a statement. “We have recognized the importance of having a presence on Rarity, which is why we are pleased to have successfully added the entire GenX NFT collection to the website.”
The Vancouver, British Columbia-based digital agency said that the holders of GenX NFTs are entitled to several unique privileges including access to private sales of newly minted NFTs by HoK, eligibility to participate in GenX-only discussion groups, and the ability to use their GenX avatar in the HoK metaverse.
All of HoK’s NFT collections, including GenX, are designed using three-dimensional (3D) graphics, and are fully rigged allowing for turnkey integration into the company’s upcoming metaverse release.
As the overall topic of metaverses and specific metaverses themselves continue to emerge as immersive, open, and creative online environments, NFTs are proving increasingly relevant for metaverse-based utility use cases.
In general, NFTs gain utility as they become integrated into a metaverse because NFTs are core to driving the metaverse experience. Therefore, the relationship between NFTs and metaverses is becoming stronger as both types of digital assets evolve and become increasingly deployed, both on an independent and dependent basis.
Over 500 manually verified NFT collections are listed on Rarity, including high-profile collections such as CryptoPunks, Bored Ape Yacht Club, and Gutter Cat Gang. The website provides the public with the opportunity to become familiar with a collection’s constituent NFTs and their respective levels of rarity.
Looking Glass Labs is a digital agency specializing in non-fungible token architecture, immersive extended reality (XR) metaverse design, and virtual asset royalty streams. Its leading brand, House of Kibaa, is a digital studio at the forefront of technologies in the blockchain, NFT, and XR metaverse sectors.
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