Somnia Unveils The Metaverse Blockchain Designed for Millions of Users
New-York, USA, April 3rd, 2024, Chainwire
Somnia Launches L1 Blockchain and Omnichain Protocols to Connect the Metaverse and Empower Creators.
The Virtual Society Foundation (VSF) has made history with the launch of the Somnia project, an L1 blockchain and set of omnichain protocols that will connect the metaverse into a unified virtual society that can support experiences filled with millions of users.
No blockchain that exists today can support millions of transactions with the speed and affordability that is needed to operate a virtual society. The metaverse landscape has been fragmented, making it hard for users and creators to collaborate, and the accrued value goes to the metaverse holders rather than the creators.
Developed by the Virtual Society Foundation, an independent organization initiated by Improbable, Somnia’s Blockchain is evm-based, optimized for the metaverse. In early prototypes it has shown 100,000’s of transactions per second with sub-second finality. Somnia provides a protocol that creators can use to build worlds and enables assets, commerce, and avatars to move effortlessly across different experiences. Somnia is inspired by the work and research from industry-leading partners like Improbable who have developed innovative technologies like MSquared Origin.
Somnia’s protocols allow existing NFT collections to be upgraded and rendered as interoperable 3D objects that are compatible with metaverse experiences on the network, enhancing their value. Somnia’s Protocols have the potential to capture a large chunk of the total TVL from the blockchain gaming, metaverse, and NFT sectors, which combined is approaching 100 billion dollars and is expected to grow significantly in the coming years.
Somnia Founder Paul Thomas said: “The launch of Somnia is not just a massive step for the metaverse, but it’s also a game changer for blockchain technology as well. Most blockchains are great for finance, and we have seen great innovations in DeFi, but scaling limitations have prevented more social and creative ventures from taking off. The protocols we are releasing will also enable the vision of a connected and composable metaverse which I hope will bring new community collaboration across the space.”
Somnia’s launch will kickstart a new creator economy, with a network designed to incentivize builders to share and remix content. It will allow avatars and objects to be sold everywhere, across any blockchain. Value will be shared across all participants in the ecosystem, and everyone will have a voice.This is the start of a real virtual society where a new creator economy can thrive.
Somnia’s upcoming protocol Betanet will be integrated into MSquared’s experience engine Origin. This will allow events for 10,000’s of participants across music, sport and gaming experiences. Somnia’s Betanet will allow users to create interoperable avatars and establish their identity in the metaverse thanks to a collaboration with Avaturn. With their new avatar, users will be able to explore massive events and immersive experiences. Improbable and Msquared have produced huge metaverse events like an official virtual ballpark with MLB and Kpop album launch with TWICE.
Learn more about Somnia
About Somnia
Somnia is enabling a virtual society with an L1 blockchain and a set of omnichain protocols designed to enable an open and unified metaverse, allowing users to move seamlessly across experiences. Somnia opens up endless possibilities for builders to create content that is portable and remixable content by upgrading existing NFTs.
About Virtual Society Foundation
Virtual Society Foundation (VSF) is an independent organization dedicated to shaping the future of the metaverse. Founded with the vision of creating a unified and open virtual society, VSF is committed to developing the standards, protocols, and infrastructure necessary to enable seamless interoperability across various virtual worlds.
Michelle Kang
Marketing Head
Virtual Society Foundation
pr@virtualsociety.foundation