Looking Glass is a digital agency based in Vancouver with experts in non-fungible token systems, metaverse inventions, extended reality, and virtual digital asset royalty channels. House of Kibaa, its number one brand, is a digital studio at the frontline of technologies in the metaverse, XR, NFT, and blockchain sectors.
House of kibaa inventions and curates a next-generation metaverse for three dimension assets, which enable active collectibles and art to remain simultaneously across several non-fungible token blockchain ecosystems.
Looking Glass Labs’ Announcement
Looking Glass Labs announced that it had planned the roll-out date for its Pocket Dimension beta launch for the 21st of this month. Pocket Dimension was established in cooperation with Starloop Studios, Looking Glass’ limited partner, and is ready to be introduced to all existing owners of the virtual digital assets on a simultaneous basis.
The chief executive officer at Looking Glass Limited, Dorian Banks, reported that they greatly seek and eagerly anticipate rolling out the Beta launch of Pocket Dimension. It is believed to give our customers an even greater experience with more advancements.
The Chief Executive Officer continued and said that offering their community of investors the most amazing experience has remained their number one mission, showing gratitude for how far the company has come and reached the roll-out of Pocket Dimension Beta for the profit of all our investors.
FTX Japan Strategizes to Resume Withdrawals
FTX Japan, a subsidiary of the collapsed crypto exchange platform FTX, purportedly strategizes to resume withdrawals for the impacted customers as soon as February. According to today’s Bloomberg report, the subsidiary sent out reminders requesting customers to validate their wallet balances as a fragment of the project to start enabling withdrawals.
Chief operating officer of the exchange, Seth Mulamed, purportedly said customers could move assets to wallets on the FTX-owned Liquid Global exchange, with withdrawals anticipated to commence soon. Furthermore, Seth Mulamed promised that he was certain that they would be operating according to the timeline.
FTX Group filed for bankruptcy in the U.S. late last year, which comprised three of the company’s one hundred and thirty-four subsidiaries: FTX Japan services, FTX Japan, and FTX Japan holdings.
Although, Japan’s Financial Services Agency had demanded FTX Japan suspend business activities before the United States bankruptcy filing. Responding to an order from the Financial Services Agency, FTX Japan submitted a strategy in December last year to restart customer withdrawals.
The strategy suggested that FTX japan consumer virtual digital assets should not be a fraction of the company’s bankruptcy case, most importantly formulating regulations that exchanges differentiate company funds from consumer assets.
On the other hand, a United States bankruptcy judge denied all demands for a new probe into the company’s collapse, describing it as ridiculous to other investigations carried out by the virtual crypto exchanges’ new administration and law enforcement. The company argued that the scrutinization would also spend millions of dollars from FTX’s limited assets.
FTX’s defense team has utilized nearly twenty-five million in fees for the work done since November 12th all through to December 31st; according to the latest court filings, one of the members of the defense team purportedly reported that the company would appoint some for the role of fee examiner after discussions with the creditors.