Somnium Space: VR-Focused Virtual Real Estate

February 10, 2022, 3:18PM EST

• 11 min read

Quick Takes

  • Somnium Space is a VR-focused metaverse platform that focuses on building an NFT open world on top of the Ethereum blockchain.
  • Somnium Space is the least popular blockchain-based metaverse platform among its peers – Decentraland and The Sandbox.
  • It focuses on creating a new world where users can socialize with other users either through in-world activities. 
  • A social system is placed in its world. It is a reward system point (known as Karma) where it encourages positive behavior, which will form a healthy culture amongst the Somnium Space residents.

Join The Block Research for exclusive research like this

Gain access to this research piece and 100s of others, including ecosystem maps, company profiles, and topics spanning DeFi, CBDCs, banking and markets. Together with additional services, we help organizations understand what’s happening in the rapidly developing digital asset ecosystem.

Already a Research Member? Login Here

Source: https://www.theblockresearch.com/somnium-space-vr-focused-virtual-real-estate-132398?utm_source=rss&utm_medium=rss