Somnium Space is an open-source metaverse platform.
While metaverse platforms have stressed the importance of virtual reality (VR) and immersive experiences, Somnium Space is a metaverse with a different objective. It allows users to join in either through a downloadable VR client or a browser-based version to function like any other web app.What is Somnium Space?
Somnium Space is an open-source metaverse platform that officially launched in 2017 and became available to the wider public in 2018. This makes it among the earliest movers in the market along with industry pioneers such as Decentraland.
Somnium Space has very low barriers to entry and hopes to make metaverse technologies accessible to all. Importantly, it has a democratic take on economics and aims to build its own monetization and revenue earning system based on the blockchain.
Somnium Space and the Metaverse Economy
An independent, decentralized, and free-market economy is at the heart of a successful metaverse platform. Unlike real-world economies, there are no red tapes barring participation and is truly borderless.
Somnium Space works on similar principles and aims to provide its users with a democratized space where they can earn, trade, and create monetizable assets. To achieve this, Somnium Space takes advantage of the Ethereum blockchain network, which forms its underlying architecture.
It's available as both a 2D and VR experience game. “Virtual Reality and digital ownership bring the next level of human interaction,” said Artur Sychov, Founder and CEO of Somnium Space
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