Somnia Announces Metaverse Blockchain Designed For Millions Of Users.

Somnia Launches L1 Blockchain and Omnichain Protocols to Integrate Metaverse and Empower Developers.

The Virtual Society Foundation (VSF) has announced the Somnia project, which aims to integrate the metaverse with an integrated virtual community capable of serving millions of users, thus making a historic step forward.

Existing blockchains lack the capacity to support millions of transactions at the speed and cost required to manage a virtual community. The fragmented nature of the metaverse environment makes collaboration between users and creators challenging, with value flowing to metaverse owners rather than creators.

Developed by the Virtual Society Foundation, an independent organization founded by Improbable, Somnia's blockchain is EVM-based and specifically optimized for the metaverse. Initial tests have shown that it can handle hundreds of thousands of transactions per second with sub-second certainty. Somnia provides a protocol for creators to build their own worlds and enables seamless transition of assets, trading, and avatars across different experiences. Somnia has drawn inspiration from leading industry partners like Improbable and innovative technologies like MSquared Origin.

Somnia's protocols enhance the value of existing NFT collections by upgrading them to interoperable 3D objects compatible with metaverse experiences. Targeting a broad TVL (Total Value Locked) of approximately $100 billion across the blockchain gaming, metaverse, and NFT sectors, these protocols aim to drive significant growth in the coming years.

Paul Thomas, the founder of Somnia, stated:

"The launch of Somnia represents a milestone not only for the metaverse but also for blockchain technology, changing the rules of the game. While most blockchains excel in financial transactions and we have seen great innovations in DeFi, scalability limitations hinder social and creative ventures. Our released protocols aim to realize a unified and interoperable metaverse vision, hopefully leading to new community collaborations across the industry."

Somnia's introduction will kick off a new era of the creative economy with a network that encourages content sharing and remixing. Avatars and objects will be universally tradable on any blockchain. Value will be shared among all participants in the ecosystem, giving everyone a voice. This marks the beginning of a true virtual community and a new creative economy.

Somnia's new protocol, Betanet, will integrate with MSquared's experience engine, Origin, enabling events that bring together thousands of participants in areas like music, sports, and gaming. Through collaboration with Avaturn, Betanet will allow users to create interoperable avatars and establish unique identities in the metaverse. Users will explore massive events and immersive experiences with their new avatars. Improbable and Msquared have already organized major metaverse events, such as an official virtual baseball field with MLB and a Kpop album launch with TWICE.