Recently, Kaito @KaitoAI's algorithm and UI have been updated again, and everyone is getting competitive. Today, while browsing the Pre-TGE section, I found that more and more people are starting to pay attention to a very powerful new project—Somnia (@Somnia_Network).
Highlights of Somnia:
1. Cumulative financing of up to $270 million;
2. Backed by VSF, which builds infrastructure for consumer applications;
3. Focused on the fastest and most cost-effective EVM Layer 1 blockchain;
4. The ecosystem construction is already quite mature.
1. Financing Situation Analysis
According to public information, the Somnia metaverse ecosystem has received a cumulative strategic investment of $270 million, mainly supported by two core partners, Improbable and MSquared:
MSquared: Dual empowerment of technology and capital
In 2022, led by a16z and the second phase of the SoftBank Vision Fund, it raised $150 million, developed the Origin engine and the Metaverse Markup Language (MML), provided underlying technology for Somnia, and collaborated with projects like Yuga Labs to achieve cross-chain interoperability.
Improbable: Technical accumulation and ecosystem construction
Deeply engaged in the virtual world for 12 years, building a distributed architecture with SpatialOS. Its unique HotStuff consensus algorithm supports sub-second transaction confirmations, with a platform throughput of 400,000 TPS. This strategic investment also marks its shift towards building infrastructure for the metaverse.
In addition, Somnia, in collaboration with Mirana Ventures and Spartan Capital, launched a multi-million dollar developer incentive fund, providing full-chain support from technical incubation to capital connection, focusing on supporting blockchain games, social interactions, and cross-chain interoperability projects.
2. What is VSF?
Somnia is an EVM fully compatible Layer 1 public chain aimed at building an "atomized interaction network" for the metaverse, blockchain games, digital assets, and social applications. The Virtual Society Foundation (VSF) behind it is a non-profit technology alliance jointly initiated by Improbable and MSquared, aiming to provide high-performance infrastructure with sub-second response and millions of TPS to serve consumer applications.
3. Technical Highlights
Ultra-high performance chain:
Innovative Multistream consensus mechanism and execution optimization, with the test network achieving a maximum TPS of 1.05 million (including 300,000 TPS for NFT minting and 50,000 TPS for Uniswap transactions). Combined with the IceDB database, transaction costs are below $0.01, and block confirmation time is <1 second.
Hybrid blockchain architecture:
Decoupling of consensus and execution layers, stream compression improves node transmission efficiency by 10-20 times; combined with EVM native compilation technology, the execution speed of smart contracts is increased by 50 times, compatible with Ethereum toolchains, allowing DApps to migrate seamlessly.
Full-chain interoperability protocol:
Achieved atomized cross-chain transfer of assets, identities, and behavior data based on the World Builder suite, supporting 3D rendering of NFTs such as BAYC. The protocol stack is compatible with Polkadot and Cosmos, supporting mainstream engines and applications like Unity and Unreal.
4. Ecological Panorama: Building a Virtual World Foundation for Full-chain Interconnection
Somnia is laying out a multi-dimensional virtual economic system covering games, the metaverse, fintech, and AI:
Games and Interactive Entertainment:
Including blockchain games like Uprising, Chunked, Netherak Demons, as well as game development toolchains like Maelstrom and Galeon.
Metaverse Creation and Infrastructure:
MSquared's Origin engine supports 3D rendering and cross-platform deployment, with Playground and Dream Builder providing scene development and creation tools.
Cross-chain Finance and AI Innovation:
QuickSwap, Euclid Protocol, etc., are building a three-dimensional DeFi network; Grillz Gang, ForU AI, Otomato, etc., are promoting the Web3 smart economy.
Infrastructure Layer:
Hyperlane achieves interconnectivity of over 150 chains, while Ankr, Zerion, and Particle Network provide underlying support from wallet abstraction to data security.
For more details on the Somnia ecosystem, you can check:
🔗 https://t.co/oAAKRzVzvJ
🔗 https://t.co/TkVVsWEUNd
I feel that Somnia is very likely to be the next big project, especially since they have already announced a reward program on Kaito, with the previous prize pool reaching $35,000, and there may be more airdrops and incentives in the future.
The era of competitive engagement has arrived, let's roll together!
