BREAKING: VR Giants Unite as Somnium Space Invests in Sansar for Interoperable Metaverse Future

Today, Somnium Space, the leading virtual reality (VR) and blockchain platform, announced that it has made a strategic investment in Sansar, a premier destination for social VR, marking a significant step towards full cross-platform interoperability in the metaverse industry.

See the announcement in this Medium article.

Somnium Space and Sansar joining forces.

The CEO of Somnium Space, Artur Sychov, has joined the Board of Sansar, solidifying the alliance between the two VR platforms. Both companies share a vision of a future where Social VR is truly open and interoperable, empowering users to unlock their creative potential and monetize their talents while retaining ownership of their identity and economic activity.

Cross-platform blockchain marketplace

One of the key aspects of this partnership is the integration of Somnium Space’s “VR Transaction Pipeline” into Sansar’s platform. This integration will enable a cross-platform blockchain marketplace powered by the utility token CUBE, allowing users to transact seamlessly in VR across various applications or metaverses. Users will have the flexibility to choose between blockchain and non-blockchain options for transactions, increasing the interoperability of both platforms and reaching larger audiences.

Avatar interoperability is another focus of this partnership, allowing creators to cross-sell their avatars for both worlds, expanding creativity and commerce opportunities. Additionally, both platforms are exploring the possibility of making avatar wearables cross-compatible.

First tests of the same Avatar uploaded in Somnium Space and Sansar.

Cross-world seamless teleportation

The collaboration also aims to introduce cross-world seamless teleportation, enabling users to jump from one app to another through special portals, fostering a truly immersive and interconnected VR experience. Users will also be able to seamlessly teleport from one event to another, regardless of the platform.

A significant aspect of this partnership is the commitment to a fully decentralized identity system across both platforms, granting users complete control over their identity and economic activity within the Metaverse. This approach respects user autonomy, enabling secure and efficient virtual transactions without intermediaries.

Roadmap

The Medium article mentions that Sansar and Somnium Space are aiming to achieve main features parity by 2024, providing a seamless experience for users with equivalent VR features and capabilities on both platforms. They also plan to implement upcoming Somnium Space AI R&D technologies into Sansar offerings.

The ultimate goal of the partnership is to create the world’s first truly interoperable cross-engine system, breaking down barriers between different platforms and creating a more unified and immersive user experience blueprint. The initiative will be open and decentralized, encouraging other Social VR platforms to join the effort.

Somnium Space and Sansar are leading the way towards a more interconnected and inclusive virtual world. Their initiative represents a significant step towards a truly open and decentralized Metaverse, inviting all to join in this exciting journey.

Somnium Space is a blockchain-based VR platform committed to building a decentralized and immersive VR world, while Sansar is a social VR platform empowering users to create, share, and monetize their own social VR experiences.

Medium post: https://somniumspace.medium.com/somnium-space-announces-strategic-investment-in-sansar-to-achieve-full-cross-platform-716a7bedd780

About Somnium Space

Somnium Space is a blockchain-based virtual reality platform that allows users to create, experience, and monetize content and applications. The platform is committed to building a decentralized and immersive VR world that offers users a unique and engaging experience.

Web: https://somniumspace.com

Authencity: https://authencity.io/user/somniumspace

Twitter: https://twitter.com/SomniumSpace

Follow the Somnium Times

Authencity: https://authencity.io/user/SomniumTimes

Twitter: https://twitter.com/SomniumTimes

YouTube: https://www.youtube.com/@SomniumTimes

Instagram: https://www.instagram.com/somniumtimes/