Somnium Space Goes Multi-Chain, Integrates with Solana

The platform has partnered with Metaplex and Holaplex to hold a part of its Tertiary Land Offering auctions on Ethereum and Solana.

By
Anirudh Tiwari
on
October 27, 2021
Category:
Breaking News

Somnium Space Gains Pace

Somnium Space has announced that the platform intends to go multi-chain with an integration with the Solana network.

In a series of announcements on Oct. 26 via Twitter, the platform aims to have a multi-chain open metaverse with highly efficient interoperability capability. The metaverse will allow users to host and use their Non-Fungible Tokens (NFT) tokens from various blockchain networks in their Virtual Reality (VR) environment.

“We are excited to announce an integration of Solana NFTs into Somnium Space. This will allow users to use highly efficient and low transaction fees [on the] Solana network to operate within the Somnium ecosystem. Showcase your Solana NFT art tokens on your Ethereum land parcel or vice versa. Take your Solana VR avatar and race in your Ethereum NFT car. Bringing real use-case and utility is at the core of Somnium Space, and we are happy to be able to share our Metaverse with Solana users,” stated the official Medium blog of the platform on Oct. 26.
Source: Somnium Space 2021 Announcements - Medium Blog

December onwards, users from the Solana ecosystem would be able to utilize their NFTs inside Somnium VR / PC/ WebXR clients. The platform will allow users to:

  • Build an NFT Gallery.
  • Use VR avatar to visit VR concerts while dancing with a full-body tracking kit.
  • Create a whole NFT world and invite other users to experience it.

In response to the set of announcements that the platform made on Oct. 26, the native token of the platform, $CUBE, rallied over 185% in 24 hours, according to data from CoinGecko. The series of updates will likely propel even further growth and utility across the platform.

Source: Somnium Blockchain Eco-System Map


About Somnium Space

Somnium Space is an open, social, Virtual Reality (VR) platform built on a blockchain network that enables immersive experiences for its users. The platform’s economy is based on the tokenization of virtual land, the tokenization of digital assets and experiences, and decentralized marketplaces.

Find about more Somnium Space here:

Website | Twitter | Youtube | Economy Paper | Telegram | Medium | Discord |

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Anirudh Tiwari

Anirudh is a cryptocurrency analyst and writer who specializes in derivatives, DeFi, regulations and CBDCs. He has a Master’s degree in Finance. Before delving into crypto, he worked with a leading U.S. based investment bank. Apart from work, he is a music connoisseur and likes to play the drums.