Blockchain

Somnia introduces pioneering L1 blockchain for the multiverse

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Despite the maturity of the Web3 environment, metaverse segments remain fragmented, making it difficult for users and authors to collaborate. As a result, the value generated goes to the metaverse owner rather than the creator.

Somnia Network launches as a metaverse-centric infrastructure ecosystem

The Virtual Society Foundation (VSF) has announced details of the launch of the Somnia project, a set of L1 blockchain and omnichain protocols that will connect the Metaverse into a unified virtual society capable of supporting experiences for tens of millions of users.

Somnia’s new blockchain represents a fully EVM-compatible, metaverse-optimized decentralized network with smart contracts. In an early prototype, he achieved 100,000 transactions per second with sub-second finality.

Somnia provides a protocol that creators can use to build their worlds, making it easy for assets, commerce, and avatars to move between different experiences. Somnia is inspired by the research of industry-leading partners like his Improbable, who have developed innovative technologies like MSquared Origin.

Somnia founder Paul Thomas emphasizes the importance of the launch of the new L1 hub to the advancement of metaverse development on Web3.

The launch of Somnia is not only a big step for Metaverse, but also a game-changer for blockchain technology. While most blockchains are great for finance, and we’ve seen great innovation in DeFi, scaling limitations are preventing more social and creative ventures from taking off. The protocols we release also enable the vision of a connected and composable metaverse, and we hope to bring new community collaborations across the space.

Somnia’s protocol allows existing NFT collections to be upgraded and rendered as interoperable 3D objects compatible with Metaverse experiences on the network, increasing their value. Somnia‚Äôs protocol is likely to capture the majority of its total TVL from the blockchain gaming, metaverse, and NFT sectors, totaling close to $100 billion and expected to grow significantly in the coming years .

Betanet protocol to host metaverse events for up to 10,000 participants

The launch of Somnia is expected to change the game for the creator economy, with a network designed to encourage builders to share and remix content.

Value is shared by all participants in the ecosystem, and everyone has a voice. This is the beginning of a true virtual society where a new creator economy can flourish.

Somnia’s next protocol, Betanet, will be integrated into MSquared’s experience engine, Origin. This will enable his 10,000-attendee event to span music, sports and gaming experiences. Somnia’s Betanet, a collaboration with Avaturn, will allow users to create interoperable avatars and establish their identities within the Metaverse.

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Vladislav Sopov


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