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Looking Glass Labs Ltd. (“LGL” or the “Company”) (NEO: NFTX) (FRA: H1N), a leading Web3 platform specializing in non-fungible token (“NFT“) architecture, immersive metaverse environments, play-to-earn tokenization and virtual asset royalty streams, is pleased to announce that Jason Nguyen, Chief Creative Officer of LGL, and additional members of the House of Kibaa (“HoK“) studio team conducted an early-stage demonstration (“Alpha Demo“) of the Project Origin metaverse for conference attendees of Miami NFT Week from April 1-3, 2022. Through the use of a virtual reality headset at HoK’s booth, attendees were able to experience the Alpha Demo, which took the form of a digital tour of art galleries featuring selections from Mr. Nguyen’s personal NFT collection.

The Alpha Demo was an opportunity for LGL to share the Project Origin experience with interested people as well as to provide more information about its recently announced sale of Pocket Dimension land parcels within Project Origin scheduled for April 16-17, 2022. Specifically, the Alpha Demo gave people the opportunity to explore three separate galleries by toggling through various 3D-ready NFT avatars via the menu system, walking around and experiencing different hyper-realistic environments. Beyond being an exciting experience, the key purpose of the Alpha Demo was to show the proof-of-concept for Project Origin’s ability to dynamically load NFTs into three virtual art galleries, over two separate blockchains (Ethereum and Polygon).

HoK is currently developing the Project Origin metaverse ecosystem and digital distribution service. The studio is striving to provide users with a spectacular 3D world in which to create, share, learn, and prosper within while providing opportunities for people, communities, creators and companies to engage in a hyper-realistic environment. All of the Company’s current NFT collections have been 3D-rigged for Project Origin. By connecting their wallets to Project Origin, users will be able to access advanced features and engage with the NFTs and the communities in new ways:

  • PLAY – Mini-games and activities will be personalized based on the NFTs they own;
  • TRADE – Real-time NFT swaps will be able to be carried out, similar to trading cards;
  • EARN – Earning coins and rewards in the environment will provide more incentive to engage; and
  • ENGAGE – Communities and creators can engage on a new level by hosting live events and providing a new level of communication.

The Project Origin metaverse is being designed with a focus on hyper-realism and state-of-the-art utilities. Users, communities and companies will be able to engage in a premium digital space that will be enjoyable and immersive. With 20 planned environments inspired by the real world, Project Origin will function as the ultimate portal to the next generation of metaverse experiences. Additionally, Project Origin is being designed with HTML5 interoperability so that brands can utilize their existing web experiences and existing design teams can work to quickly provide engaging displays in the world.

The conference was created to bring people who are both involved in and new to the NFT industry and to bridge conversations about DeFi and Blockchain technology, workshops, panels, pitch competitions, creative installations, and immersive art and performance.

Management Commentary

“It was a privilege to address attendees as a speaker during Miami NFT Week and it was also a thrill to show a small sample of our Project Origin metaverse via the Alpha Demo to many people for the first time. Miami NFT Week was a great opportunity to interact with countless members of the Web3 community as part of Miami Tech Month overall,” said Jason Nguyen, Chief Creative Officer of LGL. “I believe that we made a strong impression on a lot of industry leaders with our metaverse ecosystem and I look forward to even more people experiencing our hyper-realistic virtual world once the sale of Pocket Dimension land parcels is complete on April 17th and Project Origin becomes functional this year,” added Mr. Nguyen.

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