The Virtual Society Foundation, an independent organization started by a British start-up, has released technical details of its blockchain project Somnia.
This announcement includes the latest whitepaper and platform development specifications.
🚀🦾 I’m so happy to share it @Improbableio is developing the Somnia blockchain, the fastest EVM l1 that integrates the entire world’s data fully on-chain. 🤝https://t.co/23wamsRTV7
With over a decade of expertise in virtual world building, they are now helping us build. pic.twitter.com/ebu9GW0UkG
— Somnia – A complete on-chain world (@Somnia_Network) October 24, 2024
Somnia claims to have 400,000 TPS
The project received initial funding through MSquared’s $150 million raise from investors including Andreessen Horowitz, SoftBank, Mirana Ventures, CMT Digital, and SIG, and has transaction speeds of over 400,000 TPS through a multi-stream consensus mechanism. claims to achieve.
The foundation reports that the platform utilizes compression algorithms designed to move 10 to 20 times more data between nodes compared to existing blockchain networks. The project aims to keep transaction costs below 1 cent through these optimizations.
Improbable is known for its experience in virtual world development and provides engineering support and technical resources to projects.
Herman Narula, the company’s founder and CEO, said the project will apply knowledge of gaming and distributed systems to address blockchain scalability issues.
Paul Thomas, founder of The Virtual Society Foundation, said the platform’s infrastructure is being developed to support real-time applications across gaming, social networks and decentralized finance.
Developing a blockchain project implies a significant investment in blockchain infrastructure, but its performance claims and technical capabilities are unproven in real-world situations.
