Looking Glass Labs Ltd (OTCMKTS:LGSLF) Stock Slumps After Metaverse Milestones

Web3 platform operating company Looking Glass Labs Ltd (OTCMKTS:LGSLF) may well come on to the radars of many investors this morning owing to the announcement from the company on December 29, 2022 with regards to House of Kibaa, its fully owned subsidiary.

Trading Data

On Friday, LGSLF stock slid 34.13% to $0.0527 with more than 17.19K shares, compared to volume of 156.57K shares. The stock moved within a range of $0.0498 – 0.0565 after opening trade at $0.0565.

It was announced yesterday that House of Kibaa had been successful in advancing its Pocket Dimension metaverse product to a significant degree. It was noted that a number of avatar-related and architecture-related milestones were going to be achieved imminently, which would help the company in setting a new standard in the metaverse space. It may be a good idea to take a look at some of the highlights of some of the milestones that have already been hit.

House of Kibaa has already managed to create as many as 10000 generative avatars which have been made available in ultra-high resolution. On the other hand, the company has also created as many as 12000 Gutter Cat Gang unique generative avatars, which are also in high resolution. One of the more important things about the project from House of Kibaa is that the holders are going to be able to have ownership of their metaverse and would be able design and use them as they deem fit.