Decentralized Applications | Somnia Ecosystem | Metaverse Computer
546Decentralized Applications | Somnia Ecosystem | Metaverse Computer
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Welcome to Our Decentralized Applications Video!
Introduction:
Somnia, initiated by the Virtual Society Foundation, is a project aimed at realizing the metaverse's potential and fostering fulfillment and value for all participants. To achieve this, Somnia will introduce the concept of the "Metaverse computer," enabling all entities within the metaverse to be on-chain, interoperable, and composable. This decentralization is crucial to ensure that the metaverse's future isn't monopolized by a single corporation and that value is distributed among its users.
The Somnia project comprises various technologies and an ecosystem, including a new high-performance L1 Blockchain, a protocol for interoperable and composable content, and a user-friendly browser for interacting with the network (the metaverse browser). Supported by Improbable, the project draws inspiration from the M² codex, with Improbable contributing to key technical components, such as the Blockchain, while the project requires a diverse community to fulfill its vision.
Mission:
Somnia's mission is to realize the metaverse in its most potent form: a network of rich experiences and valuable virtual objects, decentralized enough to empower individuals to build real businesses independently of major gaming corporations. The primary goal is to overcome previous limitations by providing essential building blocks and addressing issues that have hindered past endeavors, such as poor user experiences, lack of infrastructure to support a connected metaverse economy, and limitations of current blockchain and Web3 technologies.
To address these challenges, Somnia aims to enhance blockchain performance, establish protocols for defining entities within the metaverse, develop standards for metaverse objects, and create an incentive structure that ensures fair value distribution. By combining these elements, Somnia seeks to foster broader participation, accelerate development, and ensure equitable rewards for all participants, leading to the realization of a truly valuable metaverse.
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⏰Timestamps⏰
00:00 somnia ecosystem Introduction.
00:07 somnia ecosystem summary.
04:25 somnia ecosystem project outro.