VANCOUVER, British Columbia, February 17, 2023 (GLOBE NEWSWIRE) — Looking Glass Labs Ltd. (“LGL” or “Company”) (NEO: NFTX) (AQSE: NFTX) (OTC: LGSLF) (FRA: H1N)a leading Web3 platform specializing in immersive metaverse environments, play-to-earn tokenization, and blockchain monetization strategies, has announced that it has scheduled a beta release start date (seeBeta release”) its pocket dimensions (“PD“) (collect,”PD Beta”) February 21, 2023 Metaverse Offering (“release”). PD Beta is produced by LGL’s partner Starloop Studios (“star loop”), set to be released simultaneously to all current owners of digital assets.
The PD Beta includes the following key points of differentiation from the previously announced alpha release of Pocket Dimension on November 1, 2022:
- PD owners can enter an ultra-high definition metaverse powered by Unreal Engine 5.and
- By allowing owners to import NFTs from user-linked wallets, we will be able to use, for example, GenX or the Gutter Cat Gang’s main collection assets.
The PD Beta builds on the updates included in the alpha release and brings the following upgrades to our users:
- 11 unique 4-acre parcels of surreal land.
- Two stock playable avatars.
- Four NFT art galleries showcasing stock artwork.
- Host interactions for non-player characters.
- mini games; and
- A gutter trap house belonging to the gutter cat gang.
Starloop is a leading media company in game development and art outsourcing. Since 2011, we have provided the highest quality game art and game development services to publishers and game developers. Starloop also offers cybersecurity, software development, video production, VFX, art and animation, and more. Its team is a tight-knit group of experienced producers, developers, software engineers, designers and senior artists ready to go the extra mile to deliver incredible results. For more information about Starloop, visit the website at: http://www.starloop.com/ https://starloopstudios.com.
“We are very excited to begin the beta release of Pocket Dimension,” said Dorian Banks, Chief Executive Officer of LGL. It has always been our mission, so we are delighted to reach this milestone and launch the PD Beta for the benefit of all stakeholders,” Banks added.
About Looking Glass Lab
Looking Glass Labs (“LGL”) is a leading Web3 innovation platform dedicated to consumer engagement applications, leveraging an immersive metaverse environment, play-to-earn tokenization, and blockchain monetization strategies. Its flagship brand, House of Kibaa (“hook”) designs and curates the next generation metaverse for 3D assets. This allows functional art and collectibles to exist simultaneously in different NFT blockchain environments. HoK successfully released a digital asset, including GenZeroes, which sold out in just 37 minutes, bringing total earnings to LGL to his C$6.2 million. Also, on secondary market sales he gets a permanent royalty stream of 5%.
To view LGL’s current investor presentations, please visit: https://www.lGL.io/investors.
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on behalf of Looking Glass Lab Co., Ltd.
Dorian Banks, Chief Executive Officer
twitter: @Dorian Banks
For more information, please contact:
Toll Free: +1 833 LGL-NFTX (833-545-6389)
This news release contains “forward-looking statements”. Statements in this news release, which are not purely historical, are forward-looking statements and contain statements regarding our beliefs, plans, expectations or intentions regarding the future. Such forward-looking statements include, among other things, the continued development of Pocket Dimension, the development of the immersive metaverse environment, tokenization to play and earn, and our blockchain monetization strategy. Pursue partnerships to monetize blockchain and Web3 opportunities. And short-term and future projects.
The key assumptions supporting these forward-looking statements include, among others: Ability to compete with other businesses in the NFT market. Sufficient funds are available to carry out our business development plans. favorable market conditions; the ability to sell all or substantially all of the products offered by HoK; and market acceptance of the product.
Although management believes these assumptions are reasonable based on currently available information, they may prove incorrect. These forward-looking statements are predictions only and involve known and unknown risks, uncertainties and other factors, such as: The cost of developing and designing NFTs and Metaverses is economically viable. We are able to attract and retain a sufficient workforce with the necessary skill sets to develop our NFT and Metaverse products. Availability of services provided by third parties in the NFT, metaverse development, and online gaming marketplaces to identify potential transactions. Increased adoption of his NFTs as solutions for various online gaming, entertainment, and collection uses. A company with the ability to mitigate risks associated with the blockchain and NFT industry. Ability to compete with other businesses in the NFT, metaverse development, content creation and collectibles markets.
Although management believes these assumptions are reasonable based on currently available information, they may prove incorrect. These forward-looking statements are predictions only and involve known and unknown risks, uncertainties and other factors, such as: The risk of possible adverse changes in general economic and business conditions. The risk that our operating cash flow will be negative and we will not have sufficient capital to complete the development of the technology. the risk that we may not be able to raise additional funding as needed; Risk of increased capital and operating costs. Risk of exposing NFT technology to fraud or other obstacles. the risk that there may be technological changes and developments in the blockchain that make the NFT Solution obsolete; the risk related to regulatory changes or actions that may impede the development or operation of the blockchain solution; Risk of releasing similar blockchain products. In general, the potential for the NFT market to become unviable in the future. The variable cost of the amount of computation required to perform certain operations on the blockchain and other general risks associated with blockchain solutions.
Risks and uncertainties regarding our business are filed with the Canadian securities regulators and www.sedar.com.
Any of these risks could cause our actual results, level of activity, performance or achievements to differ materially from any future results, level of activity, performance or achievements expressed or implied by these forward-looking statements. There is a possibility. In addition, we have attempted to identify factors that could cause our actual results, level of activity, performance or achievements to differ materially from those set forth in the forward-looking statements, but as a result, There may be levels of activity, performance, or other factors that trigger outcomes. Results are not anticipated, estimated or intended. These forward-looking statements are made as of the date of this news release and the Company does not undertake any obligation to update any forward-looking statements or that actual results may be projected in the forward-looking statements. We undertake no obligation to update reasons that may differ. except as required by applicable law, including the securities laws of the United States and Canada. Although we believe that the beliefs, plans, expectations and intentions contained in this news release are reasonable, there is no assurance that such beliefs, plans, expectations or intentions will prove to be accurate. . We disclaim any liability for disclosures regarding other companies mentioned herein.
sauce: Looking Glass Lab Co., Ltd.