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The Virtual Society Foundation (VSF) made history with the launch of the Somnia project, an L1 blockchain and set of omnichain protocols that will connect the metadatabase into a unified virtual society capable of supporting experiences filled with millions of users.
No blockchain in existence today can support millions of transactions with the speed and cost-effectiveness required to operate a virtual society. The metadata landscape is fragmented, making it difficult for users and producers to collaborate, and the accumulated value goes to metaverse owners rather than producers.
Developed by the Virtual Society Foundation, an independent organization launched by Improbable, Somnia’s Blockchain is evm-based and optimized for metadata.
Early prototypes demonstrated 100,000’s of transactions per second with sub-second accuracy. Somnia provides a protocol that manufacturers can use to build worlds, allowing assets, trade, and avatars to move effortlessly between different experiences. Somnia is inspired by the work and research of industry-leading partners like Improbable, which develops innovative technologies like MSquared Origin.
Somnia’s protocols increase the value of existing NFT collections by allowing them to be upgraded and created as interoperable 3D objects compatible with metadata experiences across the network. Somnia Protocols has the potential to capture a large portion of the total TVL from the blockchain gaming, metadata and NFT sectors, which are approaching $100 billion in total and are expected to grow significantly in the coming years.
Somnia Founder Paul Thomas said:
“The launch of Somnia is not only a huge step forward for metadata, but also a game-changer for blockchain technology. Most blockchains are great for finance, and we’ve seen great innovation in DeFi, but scaling limitations have prevented more social and creative initiatives from launching. “The protocols we publish will also enable a vision of connected and composable metadata that I hope will bring new community collaboration in the space.”
The launch of Somnia will usher in a new maker economy with a network designed to encourage creators to share and remix content. It will allow avatars and objects to be sold anywhere, on any blockchain. The value will be shared among all participants in the ecosystem and everyone will have a say. This is the beginning of a truly virtual society in which a new productive economy can develop.
Somnia’s new protocol Betanet will be integrated into MSquared’s experience engine Origin. This will enable events for 10,000s of attendees across music, sports and gaming experiences. Thanks to the collaboration with Avaturn, Somnia’s Betanet will allow users to create interoperable avatars and create their own identities in the metadatabase.
Users will be able to explore massive events and immersive experiences with their new avatars. Improbable and Msquared collaborate with MLB to create an official virtual ballpark and TWICE has produced massive metaverse events such as the Kpop album launch with .
About Somnia
Somnia enables a virtual society with its L1 blockchain and a set of multi-purpose chain protocols designed to enable an open and unified metadatabase, allowing users to move seamlessly between experiences. Somnia offers endless possibilities for developers to create portable and remixable content by leveraging 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 ensure seamless interoperability across diverse virtual worlds.