Virtual Society Foundation (Virtual Society Foundation——VSF) was launchedSomniaProject - a L1 Blockchain and Omnichain protocol series dedicated to connecting the metaverse into a unified virtual society and supporting the experience of millions of users.
At present, the Metaverse has not formed a complete and unified pattern. It is difficult for users and creators to cooperate. The accumulated value belongs to the holders of the Metaverse rather than the creators. No blockchain has yet been able to support millions of transactions at the speed and affordability required by a virtual society.
Somnia Blockchain is based on EVM developed by VSF to optimize projects originating from China. (VSF isImprobableindependent organization initiated. ) in early prototypes, it was capable of completing 100,000 transactions per second with sub-second finality. Somnia provides creators with a protocol that they can use to build worlds and enable assets, businesses, and avatars to move silkily across experiences. Somnia is inspired by the work and research of industry-leading partners like Improbable, who develop innovative technologies like MSquared Origin.
The Somnia Protocol allows existing collections of NFTs to be upgraded and rendered into interoperable 3D objects compatible with Metaverse experiences on the network, thereby increasing their value. The Somnia protocol is expected to capture a sizeable share of TVL from the blockchain gaming, Metaverse and NFT sectors. TVL in these areas is close to $100 billion and is expected to continue growing in the coming years.
Somnia founder Paul Thomas said:"The launch of Somnia is not only a huge step forward for the Metaverse, but also a game changer for blockchain technology. Most blockchains are very suitable for the financial field, and we have also seen great innovation in the DeFi field, but field limitations also prevent more social and creative enterprises from taking off. The protocol we are releasing will enable the vision of a connected and composable metaverse, which I hope will bring new community collaborations across the field."
Somnia launches to kickstart a new creator economy model that incentivizes builders to share and reinvent content. It will allow the sale of virtual characters and items anywhere, on any blockchain. All participants in the ecosystem will share value and everyone will have a say. In this way, Somnia hopes to build a truly virtual society in which a new creator economy can flourish.
Somnia’s upcoming Betanet protocol will be integrated into MSquared’s experience engineOriginmiddle. The move will allow 10,000 participants to participate in music, sports and gaming experiences. by withAvaturnIn collaboration with Somnia, Somnias 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 identity in the metaverse. With the new avatar, users can explore large-scale events and immersive experiences. Improbable and Msquared have produced large Metaverse events, such as withMLBOfficial virtual stadium in partnership withTWICECollaborative Kpop album launch.
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About Somnia
Somnia aims to create a virtual society using L1 Blockchain and Omnichain series protocols to achieve an open and unified metaverse that allows users to move seamlessly through various experiences. Somnia offers endless possibilities for builders to create transferable, recombinable content by upgrading existing NFTs.
About the Virtual Society Foundation
Virtual Society Foundation (Virtual Society Foundation is VSF) is an independent organization dedicated to shaping the future of the Metaverse. With the vision of creating a unified and open virtual society, VSF is committed to developing standards, protocols and infrastructure to achieve seamless interoperability among various virtual worlds.
