Somnium Space

Somnium Space is an Open, Social and Persistent Virtual Reality World, empowered by blockchain technology where everyone can buy land, build or import objects, use avatars and scripts, easily monetize their experiences and immerse themselves into a completely alternative reality.

 

 

Check out the whole team here – with links to their LinkedIn

FOUNDER / CTO
CO-FOUNDER / COO
CEO
CO FOUNDER @ FERRUM NETWORK
TECHNICAL ART DIRECTOR

MetaSync videos on Netvrk

Economics Paper

The best resource that they have released so far is the economics paper. If you want to dive deeper into the technological capabilities of Somnium Space I highly reccomend you start with this resource.

More on Somnium Space

What is Somnium space?

Somnium Space is an Open, Social and Persistent Virtual Reality World, empowered by blockchain technology where everyone can buy land, build or import objects, use avatars and scripts, easily
monetize their experiences and immerse themselves into a completely alternative reality.

What technology do you need to use Somnium Space?

You can use any of the following headsets: They will be adding more:

  • Oculus
  • HTC Vive
  • HP
  • Valve
  • All Windows Mixed Reality Headsets

Other Tech Features for Somnium Space:

  • Upload full body avatars and complete scenes onto your land parcels
  • advanced SDK allows players to work with complete scenes, scripting and animations to fully enhance their experience.
  • Finger tracking is also supported
  • Full body tracking, lip & eye tracking
  • smell features from hardware such as multisensory masks or fans (soon)
  • in-house developed unique server architecture allows thousands of players to be all in the same time inside persistent Virtual Reality world without splitting users into sub-servers or mirrored instances.
Somnium Space In game currency [CUBE]

Ticker: CUBE

Total supply: 100M

Utility of CUBE

Etherscan Link

  • All in-world transactions
  • land purchase
  • Renting,e-commerce etc.
  • There will be continuous development of smart contracts to interact with Cubes to create drag-and-drop payment gateways in the builder, nearly free transactions in-world and very fast transaction speeds to create vr-commerce.
  • Monetizing your land will not require the cost of a developer, you can do it yourself.
  • Instead of building shopping carts to accept
  • Building smart contracts to help customers interact seamlessly with businesses inside Somnium Space
  • An Ethereum address holds ETH, Cube tokens and multiple NFTs (Ethereum ERC721 tokens), and side-chain tokens. This includes your Avatar token that you use to walk around in virtual reality.
  • Buy and sell items with other players within Somnium Space almost immediately with seamless transactions
The Somnium Space Economy:

The somnium space economy has three main purposes:

  1. To allow users to buy and sell virtual land
  2. To tokenize digital assets and experiences
  3. To have a decentralized marketplace to buy and sell digital goods

You will also be able to:

  • Own and monetize your creations. Sell their items in the open marketplaces.
  • Express yourself by creating, building and monetizing land.
  • Enjoy a stunning, constantly changing, persistent Virtual Reality world which will be explored and experienced by you and thousands of other people
  • Tokenizing and selling yourcreations directly from within Somnium Space Metaverse.
What About Gas Fees?

Soon, users will be able to send ETH and Cubes to their same ETH address in Polygon, with the click of a button, to use the same ETH and Cubes on a different platform, similar to OpenSea. Somnium will make the process seamless for usability purposes. A few clicks on Somnium space along with an ETH transaction, will allow users to make thousands of free transactions. Finally, click a button and pay another gas fee to send you ETH, Cubes and NFTs back to the Ethereum network.

 

What is Karma?

Karma represents your social status and how others percieve you. Karma level will be calculated as a combination of many factors such as

  • How much others respect you
  • How much you engage in somnium / play games / economic transactions
  • Building activity

You will soon be allowed to perform tasks in exchange for Karma like being a tour guide.

What About Gas Fees?

Soon, users will be able to send ETH and Cubes to their same ETH address in Polygon, with the click of a button, to use the same ETH and Cubes on a different platform, similar to OpenSea. Somnium will make the process seamless for usability purposes. A few clicks on Somnium space along with an ETH transaction, will allow users to make thousands of free transactions. Finally, click a button and pay another gas fee to send you ETH, Cubes and NFTs back to the Ethereum network.

 

What are some examples of ways to monetize within Somnium Space:
  • Developers can sell tokenized digital assets and avatars
  • Streamers can have their virtual studio inside Somnium Space
  • Content creators can showcase their virtual experiences and monetize them
  • Companies can create their store presence inside Somnium Space.
  • Gaming developers can put short demos (or whole games/experiences) into Somnium Space into their Somnium WORLDs
  • Universities can build courses and experiences such as our fully immersive Planetarium.
  • Creators can build anything and upload it via Somnium Unity SDK
  • Entrepreneurs can build and sell digital (or tangible) goods and offer services.
  • Artists can showcase all their creations, from sculptures to 2D & 3D paintings.
  • NFT collectors can present their collection on their land and trade among each other.

 

Somnium Space Partners in Blockchain:
  • Polygon:
  • Gemini:
  • Microsoft:
  • Blockchain Game Alliance:
  • Admix:

Live Important Tweets

Land Sales Bot (Twitter)