The drop is in celebration of the first birthday of its GenX collection

Looking Glass Labs Ltd (LGL) has announced that its wholly-owned subsidiary House of Kibaa (HoK) has provided each of its HoK Genesis members and all members of the GenX NFT community with a GenX Bar as part of its recurring drop program.

The drop is in celebration of the first birthday of its GenX collection. One year ago, HoK successfully minted and dropped the GenX NFT collection, which sold out in just 37 minutes for total proceeds of around $6.2 million, the company said.

We are excited to create more value for Genesis Members and GenX NFT holders by gifting them a metaverse-ready GenX Bar in celebration of GenZeroes’ first birthday, Dorian Banks, CEO of LGL said in a statement.

To provide members and holders with more independence in the metaverse and more value in their digital asset collections is important to us. We are focused on understanding our community members and being attentive to their feedback and wishes. We appreciate all of our members and are excited to continue our recurring drop program with new and exciting assets in the future, he added.

The GenX Bar is for use in their HoK-issued Pocket Dimension metaverse or as a standalone metaverse asset. This particular issuance upgrades the value of the existing assets that members already hold as it provides exclusive gated access to the GenX Bar experience. Members are expected to be able to access the GenX Bars in their Pocket Dimension in the fourth quarter of this year.

Releasing NFTs and non-tokenized assets that are unique to the HoK collection and each member’s existing assets is a high priority for LGL and HoK, the company said.