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What Is Somnium Space?

Not all metaverses are produced equally. Some are very immersive experiences; others are virtual reality light where you can have a little fun ๐Ÿ˜. There is no one-size-fits-all metaverse, so you might have to try different options to figure out what you prefer. One of those options is Somnium Space, which is quickly making a name for itself in the Web3 age ๐Ÿ˜ฑ. 

Somnium Space has quite a few desirable characteristics as an open-source platform. In this article, we’ll cover what makes this system one-of-a-kind and why you might choose โ˜๏ธ to sink some of your time and digital assets into this specific SocialVR platform. 

What Is Somnium Space?

Somnium Space is a social virtual reality world formed completely by gamers ๐ŸŽฎ with its economy and ownership tied ๐Ÿงถ to the blockchain. Artur Sychov, the founder and CEO of Somnium Space, launched the platform in 2017 and opened it to the public in September 2018.ย 

Like other major players in the metaverse, Somnium Space aims to build a totally new virtual world ๐Ÿ‘ฉโ€๐Ÿ’ป for the next degree of e-commerce, home entertainment, and communication. They want to provide customers not just a place to expand their business, but a place to call home in the virtual world.

As an open-source system, Somnium Space grows ๐Ÿ“ˆ and changes quickly as people add to its virtual reality experiences. Its straightforward user interface has attracted plenty of users who want to unlock ๐Ÿ” the complete potential of the metaverse. Curious ๐Ÿค”? You can access this virtual reality world on all the major virtual reality headsets as well as for free using the Somnium PC Builder on the Somnium Space website

Things to Do Using Somnium Space VR

Just like on other VR platforms ๐Ÿฅฝ like Decentraland, users can do all kinds of stuff using the creative tools on Somnium VR. You can do things like: 

  • Create an avatar and use full-body VR tracking (even lip and eye-tracking) to control it
  • Play hyper-realistic games 
  • Construct buildings
  • Buy virtual land ๐Ÿก
  • Create businesses on your digital land. If you’re not much of an architect, you can actually buy a house model to use on your Somnium Space land parcels. 
  • Use teleporters or virtual vehicles to travel around and have different virtual experiences 
  • Offer shows and live occasions
  • Make actual money

There’s a huge possibility for a virtual workplace ๐Ÿ‘ฉโ€๐Ÿ’ป, training websites, video games, and monetization similar to a real-life company on Somnium Space. Using blockchain technology, you can build, manuscript, and monetize your environments while interacting ๐Ÿ—ฃ with other people’s productions and environments.

Plus, the Somnium Team is constantly cooking up more ideas. For example, they’re currently working on creating scent functions sustained by multi-sensory masks for the Somnium Space avatars. You may not have ever wanted to smell your fellow VR players, but Somnium creators are making this seemingly impossible idea a reality ๐Ÿ˜ฑ. 

Buying Virtual Land in the Somnium Metaverse

You don’t have to buy land to look into the Somnium virtual space. However, if you want to create, spend, or develop in this space, then you need to understand how to purchase land ๐Ÿค‘.

In mid-2022, the Somnium Space map contained 5,026 buyable land parcels. Parcel rates differ by dimension, attributes, and location, much like actual real estate ๐Ÿก. Expect parcel costs to range anywhere from 3 ETH to greater than 1,000 ETH. You can see present parcel costs on the Somnium Area market.

You might have noticed those amounts aren’t in USD ๐Ÿ’ฒ; they’re in Ethereum, a form of cryptocurrency. Luckily, it’s incredibly easy to convert currency from USD to crypto and vice versa for use in blockchain-based games. Jump on any crypto platform to get started; Coinbase, Voyager, and BlockFi are all popular.ย 

How to Buy Land in the Somnium Online Multiverse

Somnium Room parcels are offered in three different sizes: small, medium, and large. Whether you decide to go big or small, buying on land auctions on this social VR platform could eventually pay off ๐Ÿค‘. You may benefit from getting land in Somnium Room as a financial investment residential property. It seems unbelievable, but comparable to real-world land, owning land in Somnium Area permits you to develop a virtual home, company, or venue (like a concert hall or amusement park) that you can monetize. Some advanced users are already making a profit through event organizations using these types of experiences.ย 

You can buy land in the Somnium Area market via transactions between players. Each land parcel is a non-fungible token (NFT) ๐Ÿคณ, and as with all NFT-based assets, they are all distinct and can’t be reproduced. All land parcels in Somnium Room, like most of those on popular platforms, are kept on the Ethereum blockchain, offering you true possession as well as complete modification.

Somnium Space and Web3

Somnium Space is a virtual reality platform where you can access digital worlds ๐ŸŒŒ built on the blockchain. Users can buy virtual land, create a residential or commercial property, monetize their possessions as well as goof around, and enjoy social interaction ๐Ÿ’ƒ or games. Not only can this be a lot of fun; economic transactions on digital platforms like Somnium Space have the whole tech world thrilled at the possibilities.ย 

Want to keep up with Somnium Space and other Web3 news? Join my email list โœ๏ธ here to get regular updates on the latest in digital discourse!