Improbable, a British metaverse technology company working on Yuga Labs’ Otherside platform, has announced that the Somnia blockchain is set to enter its DevNet phase in the near future. According to Improbable, the blockchain is expected to handle more than 400,000 transactions per second, with low fees and sub-second latency. Additionally, the blockchain will be compatible with Ethereum Virtual Machine (EVM).
Improbable’s co-founder and CEO, Herman Narula, expressed his excitement about the potential of the Somnia blockchain, stating that it will allow for high transaction throughput and the ability to include more elements on-chain. Narula criticized the current state of the blockchain industry, noting that many projects focus on short-term gains and token pumping rather than solving real-world problems. He emphasized the importance of high-performance blockchains for building practical applications.
The Virtual Society Foundation, spearheading the Somnia blockchain project, was established with the support of Improbable earlier this year. The foundation is funded by Improbable’s M2 network, which aims to create a series of interconnected metaverses. Investors such as a16z and SoftBank have backed the initiative.
Narula highlighted the extensive research and development efforts that went into creating the Somnia blockchain, emphasizing the need for a scalable solution to support consumer-scale metaverses. He compared the challenges of blockchain scalability to running a restaurant, where increased demand can lead to bottlenecks in processing orders. Narula’s vision for Somnia involves enhancing the efficiency of the blockchain to handle complex interactions seamlessly.
In conclusion, the upcoming launch of the Somnia blockchain’s DevNet phase represents a significant milestone in the development of high-performance blockchain technology. With the potential to revolutionize the metaverse industry, the Somnia blockchain promises to offer a robust infrastructure for building innovative applications and experiences in the virtual realm.