The Virtual Society Foundation (VSF) has reached a significant milestone in the evolution of the Metaverse with the launch of the innovative Somnia project. This groundbreaking initiative features an L1 blockchain and a suite of omnichain protocols designed to unite the fragmented Metaverse landscape and provide experiences for millions of users. The current blockchain infrastructure is inadequate for supporting millions of transactions quickly and affordably to sustain a virtual society.
For a long time, the Metaverse has been disjointed, making it challenging for users and creators to collaborate effectively. As a result, most of the value has been directed towards Metaverse holders rather than creators themselves. Somnia’s Blockchain, created by the Virtual Society Foundation—an independent organization founded by Improbable—is EVM-based and optimized specifically for the Metaverse. Early tests have shown its ability to handle hundreds of thousands of transactions per second with sub-second finality.
Somnia introduces a revolutionary protocol that empowers creators to build virtual worlds and enables seamless movement of assets, commerce, and avatars across various experiences. Drawing inspiration from industry leaders like Improbable, known for technologies such as MSquared Origin, the project aims to enhance the value of NFT collections by upgrading them into interoperable 3D objects compatible with the network’s Metaverse experiences.
With the explosive growth of blockchain gaming, the Metaverse, and NFT sectors, which collectively approach a valuation of $100 billion and are expected to expand significantly in the coming years, Somnia’s protocols are positioned to capture a substantial portion of the total TVL.
Paul Thomas, the Founder of Somnia, expressed his enthusiasm for the project, saying, “The launch of Somnia is a significant advancement for the Metaverse and a game-changer for blockchain technology. While most blockchains excel in finance, scaling limitations have hindered social and creative ventures. Our protocols will enable a connected and composable Metaverse, fostering new community collaboration.”
Somnia’s Unified Blockchain Infrastructure
The introduction of Somnia is poised to usher in a new creator economy, incentivizing builders to share and remix content. Avatars and objects will be tradable across any blockchain, ensuring fair distribution of value and giving a voice to all participants. This initiative heralds the creation of a genuine virtual society where a thriving creator economy can flourish.
Somnia’s upcoming protocol, Betanet, will be seamlessly integrated into MSquared’s experience engine, Origin. This integration will allow events to accommodate tens of thousands of participants in various domains, including music, sports, and gaming experiences. Through collaboration with Avaturn, Somnia’s Betanet will enable users to create interoperable avatars, establishing their unique identity in the Metaverse.
Users with these avatars will have the opportunity to engage in expansive events and immersive experiences. Notably, Improbable and MSquared have previously organized significant Metaverse events, such as a virtual ballpark in partnership with MLB and a Kpop album launch featuring TWICE.
In summary, Somnia is leading the way in developing a virtual society through its L1 blockchain and omnichain protocols, creating an open and unified Metaverse that allows seamless navigation across diverse experiences. The platform unlocks endless opportunities for creators to produce portable and remixable content by enhancing existing NFTs.
The Virtual Society Foundation, an independent organization dedicated to shaping the future of the Metaverse, envisions a unified and open virtual society. Committed to establishing standards, protocols, and infrastructure for seamless interoperability across virtual worlds, VSF is at the forefront of the Metaverse revolution.