House of Kibaa Announces the Limited NFT Land Sale of “pocket Dimension” Parcels
press release

House of Kibaa Announces the Limited NFT Land Sale of “pocket Dimension” Parcels

THELOGICALINDIAN - Landowners in the Pocket Dimension will accept admission to all of the outstanding utilities that will be included with Project Origin

House of Kibaa (“HoK”), a arch agenda flat specializing in creating absolute non-fungible badge (“NFT”) assets for Xtended Reality (AR/VR/MR), is admiring to advertise the accessible Pocket Dimension acreage auction on April 16-17, 2022.

Pocket Dimension Land Sale

A allotment of HoK’s absolutely immersive Project Origin metaverse, the all-embracing Pocket Dimension is actuality congenital to be a clandestine amplitude for landowners to host events, hire out space, abundance admired resources, accommodate custom structures, and add agenda assets, amid added uses.

Each Pocket Dimension bindle will accommodate its buyer with added different allowances such as actuality blockchain doubter with advanced NFT affinity (Polygon, Ethereum, Flow, Solana, and NEAR), an all-encompassing avatar system, a different Non-Playable Characters (“NPC”) host system, a absolute peer-to-peer marketplace, a abundant amusing bill ecosystem and more.

In advancing the ‘make your world, alive your dream’ concept, landowners in the Pocket Dimension will accept admission to all of the outstanding utilities that will be included with Project Origin. For example, owners will be able to abundance their Pocket Dimension accoutrements for basic abstracts or HoK coins, while hosting contest or renting out amplitude for clandestine functions or concerts for communities like Hapebeast, Gutter Cat Gang, etc. Further, users can admission accessible abstracts via Web2 to Web3 affiliation and with admission to NPC hosting.

Jason Nguyen, CEO of House of Kibaa, said:

“We are captivated to accommodate this different basic apple acquaintance to our users. Owning a Pocket Dimension will accomplish you a adept of your own metaverse. Each Pocket Dimension is an absolute amplitude in Project Origin. Our alloy of artistic diabolism and ability will accredit you to apprehend the great abeyant of the advancing NFT revolution. Whether you’re a agreeable creator, an NFT collector, or a tech evangelist, we anticipate you’ll be afflicted by what we are about to deliver.”

The accessible auction is appointed to activate on April 17, with a clandestine auction occurring aboriginal on April 16. The clandestine auction will advertise up to 5 thousand acreage accoutrements at the appropriate amount of 1 ETH per acreage bindle via absolute atom allocations to communities and partners. Communities and ally will be able to annals for the clandestine auction soon, the capacity of which will be announced by HoK in due course.

Regarding the accessible sale, up to 5 thousand acreage parcels, as able-bodied as any bearding accoutrements from the clandestine sale, will be awash via a Dutch auction. Prices will alpha at 2 ETH per bindle and again will abatement by 0.2 ETH every 45 account until the minimum amount of 1 ETH is reached.

This advertisement follows HoK’s collaborative adjustment with Polygon Studios, the NFT, gaming, and metaverse arm of Polygon (MATIC). Under the collaboration, HoK will account from Polygon Studios’ abstruse and business abutment for its business pillars, including HoK Studios, the GenZeroes NFT accumulating and franchise, HoK’s Project Origin metaverse, and the accomplished HoK ecosystem in development.

Last year, HoK partnered with Blockchain Foundry Inc., which develops and commercializes blockchain-based business solutions to abutment creating and carrying NFT art drops.

The Pocket Dimension acreage auction accident is ablution amidst the skyrocketing metaverse acreage market. Acreage sales on the four above metaverse platforms accomplished $501 actor in 2024, according to MetaMetrics Solutions. According to the metaverse abstracts provider, sales in January 2022 abandoned topped $85 million, which places the metaverse acreage bazaar on clip to ability about $1 billion in 2022.

HoK is the flagship flat of Looking Glass Labs (NEO: NFTX), a Vancouver, British Columbia-headquartered agenda belvedere specializing in non-fungible badge (NFT) architecture, immersive continued absoluteness (XR) metaverse design, and basic asset ability streams. HoK enables users to accurate their own alone styles aural the blockchain via an arrangement of utilities throughout the metaverse.