Somnia Launches Metaverse Blockchain Designed for Millions of Users
The Virtual Society Foundation (VSF -- VSF) has launched the Somnia project -- a family of L1 Blockchainxa0 and Omnichain protocols dedicated to connecting the metaverse into a unified virtual society with the ability to support millions of user experiences.
Currently, the meta-universe's do not form a complete and homogeneous pattern, users and creators have difficulty collaborating, and the accumulated value goes to the meta-universe holders rather than the creators. no blockchain has been seen yet that can support millions of transactions at the speed and affordable cost that a virtual society requires. Somnia Blockchainxa0 is based on xa0EVMxa0 developed by xa0VSFxa0 to optimize projects in progress.(VSFxa0 is an independent organization sponsored by Improbable.) In early prototypes, it completed 100,xa0000 transactions per second with sub-second endurance. Somnia provides creators with a protocol that can be used to build worlds and enable the silky-smooth transfer of assets, commerce, and virtual roles across experiences.
Somniaxa0 is inspired by the work and research of industry-leading partners such as xa0Improbablexa0, which have developed innovative technologies such as xa0MSquared Originxa0.
The Somniaxa0 protocol enhances the value of existing xa0NFTxa0 collections by allowing them to be upgraded and rendered into interoperable 3D objects compatible with meta-universe experiences on the network.
The Somniaxa0 protocol is expected to capture a sizable share of the xa0TVLxa0 from the blockchain gaming, meta-universe, and xa0NFTxa0 segments. These segments are approaching $xa01,000,000,000,000 in xa0TVLxa0 and are projected to continue to grow in the coming years.
Somnia Founderxa0Paul Thomasxa0 said, "The launch of Somniaxa0 is not only a huge step forward for the metaverse, but also a game changer for blockchain technology. most blockchains are a great fit for the financial sector, and we're seeing great innovation in the DeFi space as well, but domain limitations are also preventing more social and creative enterprises from taking off. the protocols we're releasing will fulfill the vision of an interconnected and composable metaverse, and I hope this will lead to new community collaborations across the space."
The launch of Somniaxa0 is intended to kick-start a new creator economy model that will incentivize builders to share and reinvent content. it will allow avatars and items to be sold anywhere, on any blockchain. all participants in the ecosystem will share value, and everyone will have a voice. in doing so, Somniaxa0 hopes to build a truly virtual society in which the new creator economy can thrive. Somnia's upcoming Betanet protocol will be integrated into MSquared's experience engine, Origin, which will allow 10,000 participants to engage in music, sports, and gaming experiences. Through a partnership with Avaturn, Somnia's Betanet will allow users to create interoperable avatars (i.e., interoperable virtual characters that can be used with each other in different virtual environments) and establish their own identities within the meta-universe. xa0With their new avatars, users will be able to explore mega-events and immersive experiences. xa0Improbablexa0and xa0Msquaredxa0have already produced mega-meta-universe events, such as the official Virtual Ballpark with MLB, and the xa0Kpopxa0Album Launch with TWICE.
About Somnia
Somniaxa0 aims to build a virtual society utilizing the L1 Blockchain and Omnichain (Omnichain) family of protocols to enable an open, unified meta-universe that will allow users to move seamlessly through a variety of experiences. Somniaxa0 offers builders unlimited possibilities to create transferrable and reconfigurable content by upgrading the existing xa0NFT.
About the Virtual Society Foundation
The Virtual Society Foundation, or xa0VSF, is an independent organization dedicated to shaping the future of the metaverse. With a vision of creating a unified and open virtual society, the VSF is committed to developing standards, protocols, and infrastructure that enable seamless interoperability between various virtual worlds.
