Unlocking the $5 Trillion Potential: How Somnia Aims to Unify the Metaverse Landscape by 2030

Driven by the convergence of Web3 technologies and propelled by mainstream tech giants' efforts, the metaverse is anticipated to burgeon into a $5 trillion industry by 2030. While the concept of a connected virtual world existed prior to the Web3 era, blockchain technology has enabled participants to become stakeholders in this shared virtual universe. However, the metaverse currently suffers from fragmentation, with over 160 companies developing separate metaverses across various blockchains, leading to a lack of interoperability and hindering innovation and collaboration. Somnia, a layer 1 blockchain, seeks to address this issue by unifying the fragmented metaverse landscape through its omnichain protocols, providing a scalable virtual society that could potentially attract millions of users. Developed by the Virtual Society Foundation (VSF), Somnia aims to empower creators and users by enabling seamless asset movement and commerce across different metaverse experiences. Additionally, Somnia upgrades 2D NFTs to 3D objects, enhancing their usability in the metaverse, and envisions a future where the metaverse serves as a borderless virtual society ripe with opportunities for creators and users alike.