Curated News
By: NewsRamp Editorial Staff
April 15, 2024

Somnia Launches Betanet Protocol for Connected Metaverse

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Source News Release

TLDR

  • Somnia's Betanet launch creates a competitive advantage in the metaverse by enabling seamless movement of assets and experiences across virtual environments.
  • Somnia's Betanet tests the SOM0 protocols, including the Object, Attestation, and Marketplace protocols, to ensure compatibility and interoperability in the metaverse.
  • Somnia's Betanet empowers creators and users to bring their visions to life, making the metaverse a more connected and inclusive space for all.
  • Somnia's collaboration with NFT projects will render beloved collections as 3D avatars for use across interoperable experiences, unlocking new realms of utility and value.

Impact - Why it Matters

The launch of Somnia's Betanet protocol represents a major step towards a connected metaverse, offering users the ability to seamlessly move across different virtual environments. This development has the potential to unlock new realms of utility and value for NFT collectors, while empowering creators and users with the tools they need to bring their visions to life. As the metaverse continues to evolve, the launch of the Betanet marks the beginning of a new era in virtual experiences, with implications for both creators and users alike.

Summary

Somnia, a leading L1 blockchain and omnichain protocols company, has launched its Betanet protocol, marking a significant step towards a connected metaverse. With technology from MSquared and Improbable, Somnia is testing its omni-chain protocols, designed to create a cohesive ecosystem in the metaverse. The Betanet will allow users to bring their digital identities into the Somnia Protocol, empowering them to attend various virtual events and experiences. In future phases, Somnia plans to collaborate with NFT projects to render beloved collections as 3D avatars for use across interoperable experiences.

Source Statement

This curated news summary relied on this press release disributed by BlockchainWire. Read the source press release here, Somnia Launches Betanet Protocol for Connected Metaverse

blockchain registration record for the source press release.