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The OTA build will reach out to Verizon’s unit of LG Velvet in a staged manner. Alternatively, you can also navigate the update via phone’s Settings -> About Phone -> Software updates -> Check for Update, if the update pops up Click on Download and install.
LG Velvet
LG launched the Velvet smartphone in July 2020 with a 6.8-inch P-OLED display and IP68 dust/water resistance. It powers Android 10, LG UX 9 out of the box paired with Qualcomm Snapdragon 845 (10 nm) chipset. The phone offers two storage variants of 128GB coupled with up to 8GB of RAM. It holds a 16MP front snapper and a triple rear camera module consisting of a 48MP primary, 8MP ultrawide, and a 5MP sensor to measure depth.